From todays WSJ...Robin Abrams turned a few heads with her sudden exit from
3Com Corp.'s high-flying Palm Computing division for the No. 2
job at Chemdex Corp., an e-commerce broker for laboratory
supplies.
But 3Com's stock is down more than 25% since Mrs. Abrams's
hiring was announced in early February, rendering her options
worthless. At Chemdex, she gets a fresh start, with 250,000
options at $10 a share, the price at which Chemdex expects to
go public. Moreover, she won't have to suffer the traditional
indignity of start-up life: a paltry salary. The veteran of Apple
Computer Inc. and Hewlett-Packard Co. is being paid $300,000
a year, $100,000 more than any other Chemdex officer,
according to a government filing. She also received a $50,000
signing bonus, and is eligible for up to $80,000 in annual
performance bonuses. Chemdex officials declined to talk about
the pay package, as did Mrs. Abrams. |
