The Wall Street Journal: WhatsApp co-founder is staying at Facebook to reap stock awards worth $450 milllion [MarketWatch]
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Source: MarketWatch
WhatsApp co-founder is staying at Facebook to reap stock awards worth $450 milllion After WhatsApp co-founder Jan Koum announced he was leaving Facebook Inc. in late April, he has continued showing up at least monthly at the social-media giant’s headquarters.in Menlo Park, Calif. His incentive for making the appearances: about $450 million in stock awards, according to people familiar with the matter. Koum’s unusual arrangement with Facebook FB, -0.48% is one of the more lucrative examples of a Silicon Valley practice sometimes called “rest and vest,” in which the holders of stock grants are allowed to stick around until they qualify to collect a sizable portion of their shares. Facebook purchased the WhatsApp messaging service in 2014 for $22 billion, and Koum became a board member shortly after the sale. He decided to leave Facebook earlier this year after a long-simmering dispute with Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg over placin
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