Xtent, the Menlo Park development-stage medical device company whose board decided to throw in the towel and liquidate its assets, postponed a special meeting it had called to obtain approval from shareholders over its “plan of dissolution”.
The meeting, which was to take place on Thursday, July 9, has been rescheduled for Aug. 3 to give the company Read the rest of this entry »
ShoreTel, the Sunnyvale telecommunications company, filed news today of a “restructuring plan to lower its cost structure and improve efficiencies by reducing its worldwide workforce by approximately 9 percent.” That would be equal to about 33 employees based on the company’s last published headcount of 365 as of June 30. The company expects the terminations, which are to be completed by the end of this quarter, to cost Read the rest of this entry »
If you have an employee who may be contemplating leaving, is promising him more in severance should that happen the most effective way to deal with the situation? That appears to be what happened last week when eHealth, the Mountain View online life insurance provider, reached a “retention” agreement with its chief executive, Gary Lauer.
When he was first hired in 1999, Lauer’s termination benefits called for Read the rest of this entry »
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