What an absolutely ridiculous thing to say.
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What has this poor guy done other than a really good job and identifying a legitimate opportunity for himself?
Tech companies in the US avoid this by having no-recruiting pacts.
http://www.bloomberg.com/news/2014-0...ting-pact.html
Since Rod called him a great guy...it could be he went for surveillance at sage just how SAS and CIA does it.
I’m not entirely all that sure KW, it might be true of some execs and senior managers, most others probably do get a share contribution as a part of salary compensation, but if they are anything like the employee share scheme I’ve had in the past, most XRO employees were probably making hay whilst the sun shone and sold them up big time at $40, all that smoko room chatter can lead to alignment in such thinking.
Winner, the market seems to be going along with 'scenario 3' on page 4 as far as the number of users go, and the resulting share price.
So maybe we're around fair value at the moment.
One major cause of sales people moving on from a tech company is the inability of the company to deliver what the client wants when promised by the sales person. I'm not saying this is the case with XRO, but I've come across this before
I don't think the wheels are falling off xero just because an executive gets offered double/triple/quadruple the money by xero's competitor in the UK. Only newsworthy because of xero's rollercoaster sp. Relatively big turnover for shares in the last week (just as many buyers as sellers lol). More interesting sage one has tripled customer numbers to 33000. Fear does seem to be ruling the roost but if customer numbers go over 1 million by March 2016 plus more capital raising greed should be back on the table but certainly won't happen for a while. I think sp will settle somewhere for a while (maybe seeing the emergence of that number because of that liquidity) until a longer discernible trend comes from the US or another indication of more capital by thiel or xero reaches a million or Nasdaq listing. Still can't see too many people raving about sage one or MYOB essentials or whatever they are calling it this week but it's hard to Argue that QBO hasn't copied xero's sales pitch vizav cloud accounting but undercut them. QBO has also brought out a new practice management suite and doing the cloud road shows. Also noticed allot of unhappy xero CPA's about H&R tie up who CPA view as commodification of accounting.
http://home.nzcity.co.nz/news/article.aspx?id=196223
Cloud-based accounting software company Xero, whose shares have tumbled 49 per cent over the past six months, was unchanged at $16.15, and is expected to exit the MSCI index, Mr Goodson said