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Ling's mistake - taking the option to "quit" and save face rather than be "fired". Getting fired you have the option to sue the company for wrongful termination and seek damages. If you quit - it's all over. Given the short duration before a major stock award that was due him, it seems to me he would have a case that Facebook a) had no compelling reason to fire him and b) was acting in bad faith with respect to his original employment offer.
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