Thursday, December 24, 2009

Bob's golden parachute is modified

Yesterday brought us a 8K filing from Polycom:

http://phx.corporate-ir.net/phoenix.zhtml?c=112660&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NjY2NTkxNyZhdHRhY2g9T04mc1hCUkw9MQ%3d%3d

Looks like they have ammended Bob's golden parachute to pay him immediately instead of with an installment plan if he is terminated.  The 8k says its for tax reasons... but you think about 2ms about it.... if they are sitting there spending time thinking about Bob's severance agreement... they are probably doing that in preparation of Bob leaving.

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