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Skype Execs Purged On Eve of MS Takeover

Posted by ryuzaki0 on from the out-with-the-old dept.

jfruhlinger writes "You might think that the executive team that engineered a lucrative buyout for their company would be rewarded. But eight execs from Skype instead found themselves fired just before their company was formally taken over by Microsoft. It appears that this move isn't meddling from Redmond; rather, the private equity firm that owns a 70 percent stake in Skype wanted to cut back on the payout to company execs that would normally accompany this kind of transaction."

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  1. Re:when the victims of corporate psychopaths by DontBlameCanada · · Score: 5, Interesting

    IMHO, the only thing worse than execs of of a corp getting paid off at the expense of employees during a take over, is when a nameless venture cap org does.

    We don't know the whole story, but if venture cap nuked execs (that might possibly have been instrumental in making the company successful) to increase their own take, that is *WORSE*.