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Palm Loses SVP Abbott and Adds Retention Program

Mon Apr 19, 2010 - 1:26 PM EDT - By Annie Latham

In a SEC filing on Friday, Palm disclosed its senior vice president of software and services, Michael Abbott, submitted his resignation. His last day is expected to be Friday, April 23, 2010. Along with leading the development of the application platform and services at Palm, Abbott has also been an evangelist for webOS at mobile conferences. He came to Palm from Microsoft, where he was the general manager of .Net Online Services.

UPDATE (4/20): He landed at Twitter...

According to Jason Ankeny of FierceMobile.com, Palm senior vice president of software and services Michael Abbott is joining microblogging service Twitter in the role of vice president of engineering. With Abbott's arrival, Twitter will promote current VP of engineering Greg Pass to the newly created role of chief technology officer.

Dieter Bohn at our sister site, PreCentral, wrote:

"Abbott should be a familiar face to webOS lovers - he has introduced us to many of the key features and tools for webOS, including Project Ares, the (hopefully) forthcoming Mojo Messaging Service for push notifications, and the original Early Access Program for webOS developers."

In that same SEC 8K filing, Palm announced a retention program for certain key employees, including executive officers.

Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Palm is implementing a retention program for certain key employees, including executive officers. The program includes equity awards and cash bonuses to be earned over a two year period provided that the individuals remain as employees of the Company. As part of this program, Jeffrey P. Devine, Palm's Senior Vice President of Global Operations, and Douglas C. Jeffries, Palm's Senior Vice President and Chief Financial Officer, each received a grant of restricted stock units pursuant to Palm's 2009 Stock Plan and a cash bonus of $250,000.


Source: Infoworld

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