Comment by ghshephard
17 years ago
Why on earth would you think that someone discussing their Retention Bonus would have any relevance on what yours was? Just like there are employees of a company who receive $200K/year and those who receive $50K/year, there are those who receive $300K Retention bonuses and others who receive $20K retention bonuses. Or receive no retention bonus and are put on "Transition Plan" - or hell, are just laid off outright with 2 weeks severance + vacation. (I've always thought that that 160 Hours of vacation everyone in the valley stocks up on is a way of adding 4 weeks of severance as they eventually get laid off)
Well, if you made 50k a year and there was someone in a comparable position bragging about their 200k/yr how would it make you feel? How would your boss take it? How would you deal with the situation if you were the boss?
Companies make offers in confidence for a reason. I'm sure that Tom's business partners wouldn't appreciate him posting about their revenue anywhere public. The same principle applies here.
Truth will set you free, dude. Lack of information is how companies can pay one $50k and another $200k for the same work.
Really? You're going to try, "The truth will set you free?" That's your response?
moon's complaint is that now, there are some awkward positions to deal with at Powerset/MS. Because we were all a very tight knit startup before being acquired, many of us are friends with our supervisors and bosses. Now, we're suddenly faced with the question, "Why did my friend and boss value me at value X and Tom at value Y?" These are guys and gals we've basically lived with for 2-3 years, working feverishly for the shared goal of a game-changing increment to what constitutes search. Everyone played a part, but sometimes it can be painful learning that people may not have regarded your part as much as you did.
What's more, every Powersetter knows some people in the company got The Shaft in terms of retention, for a variety of political and legal reasons. Some of these people chose to stay, some chose to leave. For those who chose to stay, this rubs salt in a wound that's still sore: their baby grew up and didn't treat them as well as the other parents.
Being acquired is both a blessing and a curse. On the one hand, it's great because you get a payout. On the other hand, the company becomes something else entirely and it's almost never what you had before the acquisition.
I understand why Tom talked about it (and it is an interesting story), but I understand why moon is upset about it as well. Tom was very fortunate that he had something else to walk away to (and this definitely drove up his retention price). For many Powersetters, it was "Microsoft" or "...?" (this is doubly true for the scientists who were literally redefining the field as they went along). I only wish everyone had as difficult-yet-easy choice as Tom did.
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It's in the company's best interest to keep salaries and bonuses secret, not in the employees'.