Re:Google Responds To PayPal Lawsuit: People Have The Right ...
by ChuckMcM on Friday May 27, 2011 @04:36PM
(#2592972)
I found Google's response humorous in light of the fairly draconian (and according to my attorney unenforcable) employment agreement they ask you to sign when you go to work there. But that is all part of the 'game' here.
If you read this as Paypal negotiating to get some return out of the two years they paid their employees to negotiate a deal (which didn't close) it makes more sense. Lets say for the sake of argument that they pay them 200K/yr ($300K if you include benefits) and that they each vested 50K shares of Ebay stock, so maybe a $15/share gain on the stock over 2 years. That is $600K + $1.5M of 'cost' for the two execs ($2.1M) so settle out of court for $6M pay 2M to the lawyers and net $4M for the 'effort'.
Really sounds more like positioning to be paid off rather than a serious complaint.
If you read this as Paypal negotiating to get some return out of the two years they paid their employees to negotiate a deal (which didn't close) it makes more sense. Lets say for the sake of argument that they pay them 200K/yr ($300K if you include benefits) and that they each vested 50K shares of Ebay stock, so maybe a $15/share gain on the stock over 2 years. That is $600K + $1.5M of 'cost' for the two execs ($2.1M) so settle out of court for $6M pay 2M to the lawyers and net $4M for the 'effort'.
Really sounds more like positioning to be paid off rather than a serious complaint.