Roche's Acquisition of Genentech: Retention Program Unlikely to Stem Departures
This article was originally published in Start Up
Executive Summary
Roughly a week after rejecting Roche's initial buy-out proposal, Genentech announced a generous retention plan to employees who commit to staying through June 2009. Trouble is, the retention plan may not offer much incentive, especially to those ineligible for large bonus packages.