In a move counter to almost everything reported on Wall Street in recent months, the founders of spread-spectrum radio supplier FreeWave Technologies recently distributed the third installment of a $9 million equity bonus to their employees. The bonus is part of a $113 million private-equity transaction, and was given by founders Steve Wulchin and Jonathan Sawyer to reward employees for their efforts in making FreeWave Technologies a leading supplier of spread-spectrum radios and services (see Microwaves & RF April 2009 for more on FreeWave Technologies).
Chief Technology Officer (CTO) Jonathan Sawyer explains that "This bonus is a tribute to the great work all FreeWave employees do everyday to build great products and deliver them to customers with the highest level of service. Our philosophy is simple--as the company prospers, so to should the employees that helped us get to where we are today." FreeWave's success is based on a simple approach: to hire the best and brightest talent, and to listen to customers and provide what they need. The firm's Chief Executive Officer, Steve Wulchin, offers that "Having a common purpose and shared responsibility results in great business performance, satisfied customers and a self-fulfilled workforce. Sharing in the success of the company has and always will be a cornerstone of how FreeWave builds it business." He adds that "Our people work very, very hard. These bonuses give them a chance to help define their own success along with the company's success."
Chief Technology Officer (CTO) Jonathan Sawyer explains that "This bonus is a tribute to the great work all FreeWave employees do everyday to build great products and deliver them to customers with the highest level of service. Our philosophy is simple--as the company prospers, so to should the employees that helped us get to where we are today." FreeWave's success is based on a simple approach: to hire the best and brightest talent, and to listen to customers and provide what they need. The firm's Chief Executive Officer, Steve Wulchin, offers that "Having a common purpose and shared responsibility results in great business performance, satisfied customers and a self-fulfilled workforce. Sharing in the success of the company has and always will be a cornerstone of how FreeWave builds it business." He adds that "Our people work very, very hard. These bonuses give them a chance to help define their own success along with the company's success."