Re:Ex-Googler's startup comes out of stealth with simple, cl...
by kungato on Tuesday July 14, 2020 @06:38AM
(#23830360)
But how does Google force CEOs into a 4 year contract post acquisition?
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Re:Ex-Googler's startup comes out of stealth with simple, cl...
by PedroBatista on Tuesday July 14, 2020 @07:36AM
(#23830692)
Easy, I give you X million dollars and take over your company if you stay at Google 4 years.
Sign here:
Re:Ex-Googler's startup comes out of stealth with simple, cl...
by nradov on Tuesday July 14, 2020 @12:00PM
(#23833475)
An acquirer can't literally force someone to stay on as an employee for 4 years. What they typically do is set up a deferred compensation scheme (golden handcuffs) with a large guaranteed bonus payment or stock vesting at the end of that period. In some cases they also include a non-compete clause in the agreement which leaves the employee with few other employment options, although those are only enforceable in certain jurisdictions.