Discussion about "St. Jude sues after ex-exec joins Medtronic - Minneapolis Star Tribune"

St. Jude sues after ex-exec joins Medtronic - Minneapolis Star Tribune

excerpt:

"But on May 10, McCullough allegedly notified St. Jude that he "no
longer was an employee ... effective immediately" and exercised stock
options worth $2.1 million. St. Jude said it believes McCullough was
induced by Medtronic to "switch sides" with a signing bonus, guaranteed
compensation and stock options.

St. Jude spokeswoman Angie Craig said in an e-mail statement, "It is
unfortunate that after a long and successful career with St. Jude
Medical we are forced to compel Mr. McCullough through legal means to
honor his contract with us. While the situation is unfortunate, we
intend to aggressively pursue this case."