Three Christmases ago, when he announced employee bonuses for an exceptional year, Verifone Inc. chief executive officer Hatim Tyabji titled his e-mail message "Caring for Our People."

Two days ago, when Mr. Tyabji revealed his plan to retire at yearend, he headlined it "A Message from My Heart."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.