LinkedIn/Gene Farrell
- On Monday, cloud-based project management software company Smartsheet filed to go public.
- The filing revealed that it paid exec Gene Farrell almost $ 2.7 million in 2017 — that’s 70% more than CEO Mark Mader’s total compensation package of $ 1.9 million.
- Farrell is an ex-Amazon Web Services vice president who came out ahead in a non-compete lawsuit from Amazon last year after he was poached by Smartsheet.
- It’s a look into a possible reason why Farrell was willing to risk being on the wrong side of a lawsuit, and how valuable employees from big-name software companies can be to younger startups.
On Monday, cloud-based project management software company Smartsheet filed to go public — revealing that it’s paying one star ex-Amazon executive about 70% more than CEO Mark Mader.
Back in June 2017, Smartsheet hired Gene Farrell away from Amazon Web Services, where he had been a VP overseeing the cloud titan’s growing roster of business productivity apps. Amazon alleged that by joining Smartsheet, Farrell was in violation of a non-compete clause in his contract, and slapped him with a lawsuit.See the rest of the story at Business Insider
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