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August 25, 2006
Yahoo/eBay/MSFT Bigs Keep Leaving for Start-ups
We keep seeing posts about how highly paid big tech company execs are leaving Yahoo, Microsoft, Amazon and eBay for start-ups:
"After six years at Yahoo, including a stint as VP of the company's successful online shopping business, Rob Solomon wanted a new challenge. Last year, he was offered the job of CEO at Internet travel start-up SideStep Inc. Although he would have profited from some stock options had he stayed at Yahoo, he accepted the position starting in January. His cash compensation this year will be a 10th of what he earned at Yahoo."
"In the last year, in addition to Solomon, Yahoo lost Geoff Ralston, its chief product officer; Mike Murphy, a regional ad-sales manager; and John Robison, a veteran engineer, among others. EBay, meanwhile, lost Lynn Reedy, its senior vice president of product; Gil Penchina, a regional manager; Chief Technology Officer Maynard Webb; and Senior Vice President Michael Dearing. Last month, Jeff Jordan, president of eBay's PayPal electronic payments business and regarded by some as an heir apparent to eBay CEO Meg Whitman, said he is resigning."
Here's Why They are Jumping Ship
Read - Internet start-ups lure execs at big tech firms
Posted by BT at August 25, 2006 08:57 PM
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