Brian Acton who sold Facebook his WhatsApp would like a word.
Ask him why he walked away from his final billion (with a b) dollar payment.
In a long piece by Forbes, Mr Acton refers to himself as “a sellout” despite taking what Forbes journalist Parmy Olson described as “perhaps the most expensive moral stand in history”.
After he became fed up by Facebook’s desire to find a way to squeeze personal ads into WhatsApp, he walked away from the company a year before his final tranche of stock grants vested — a common payment method to reward workers with the ability to cash in shares if they stick around.
But he knew what he was doing. The day he left he took a screenshot of the stock price on his way out the door. The decision to leave cost him about $1.17 billion.
Ask him why he walked away from his final billion (with a b) dollar payment.
In a long piece by Forbes, Mr Acton refers to himself as “a sellout” despite taking what Forbes journalist Parmy Olson described as “perhaps the most expensive moral stand in history”.
After he became fed up by Facebook’s desire to find a way to squeeze personal ads into WhatsApp, he walked away from the company a year before his final tranche of stock grants vested — a common payment method to reward workers with the ability to cash in shares if they stick around.
But he knew what he was doing. The day he left he took a screenshot of the stock price on his way out the door. The decision to leave cost him about $1.17 billion.
https://www.news.com.au/technology/online/social/im-a-sellou...