Palm Paying Executives Bonuses of $250K in Cash & Stock to Keep Them On Board?

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We already know that Palm is not doing so good when it comes to its current mobile business. The company is not selling as many Pres and Pixies as it would have wanted and it’s already looking for a buyer to help it survive these rough times.

We’ve heard plenty of rumors regarding the potential buyer of Palm but we have no idea yet who will actually be purchasing the company. There are many candidates out there interested to do such shopping but it will be a while until we find out any names and purchase details. In the mean time it looks like Palm is trying to motivate its executives and staff to stay with the company through these complicated times.

According to a SEC filling Palm is paying executives cash and stock incentives in order to keep them with the company. The company is giving out as much as $250,000 in bonuses and stock option to top personnel like Global Operations Senior VP Jeff Devine and CFO Doug Jeffries, in order to keep them aboard this sinking ship for at least two more years.

These are unusual Palm moves but it’s definitely understandable that the company would like to keep its current staff on board for the following years. After all, better times should come to Palm in the near future, or at least that’s what we’re hoping for.

At the same time we can’t but wonder if Palm hasn’t find a proper buyer already. That would be one more reason for Palm to want to keep together the crew that worked on its smartphones so far.

On the other hand this team hasn’t been that successful at turning the Pre into the iPhone killer we wanted it to become. So maybe refreshing the roster once Palm gets purchased by one of its competitors doesn’t sound like such a bad idea.