curiosity

Automattic's Interim CEO and Legal Chief Sign Reciprocal Severanc

The Golden Parachute of Convenience Automattic's decision to grant its interim CEO and chief legal officer generous severance packages during a brief leadership crisis raises more questions than it answers.

These perks, worth a combined $8.

15 million, would have provided 12 months of base salary, accelerated equity vesting, and a year of health coverage, contingent on the executives signing a broad release of claims and agreeing to confidentiality restrictions.

Read the full story

Read on Encyclox →