McNealy & Schwartz Skip Vote | SYS-CON AUSTRALIA

McNealy & Schwartz Skip Vote

Sun chairman Scott McNealy and CEO Jonathan Schwartz skipped the shareholders meeting that voted to sell the company to Oracle

By: Maureen O'Gara

Jul. 27, 2009 05:45 AM

Sun chairman Scott McNealy and CEO Jonathan Schwartz skipped the shareholders meeting last Thursday that voted to sell the company to Oracle. Schwartz was supposedly sick even though he stands to gain $12 million in severance from the sale. Scott, one is save in assuming, hated the whole idea even though he’ll get $9 million in severance. Sixty-two percent of the outstanding shares reportedly voted to sell.

Published Jul. 27, 2009— Reads 2,799
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Latest Cloud Developer Stories

Microsoft Slashes Price of Its Cloud Database

By Maureen O'Gara

As a result, it said, of “customer feedback and evolving usage patterns,” Microsoft cut the price of its cloud-ified SQL Azure database 48%–75% for databases larger than 1GB and introduced a new entry-level 100MB model. It blogged that it’s noticed that many projects start smal...

Cloud Expo New York: Copyright and the Cloud

By Liz McMillan

Wide and cheap availability of cloud-based media services is upon us. With the transformations these services are already bringing to the consumption of music, video and interactive media, change has likewise come to professional workflows. Documents in 2012 are read, written, co...

Cloud Expo New York Speaker Profile: Ajay Budhraja – U.S. Dept. of Justice

By Jeremy Geelan

With Cloud Expo 2012 New York (10th Cloud Expo) just four months away, what better time to start introducing you in greater detail to the distinguished individuals in our incredible Speaker Faculty for the technical and strategy sessions at the conference... We have technical ...

Rackspace Buys SharePoint Expertise

By Maureen O'Gara

Fresh off a happy quarter, Rackspace said Thursday that it’s bought SharePoint911, one of those you-never-heard-of-them outfits that does SharePoint consulting, training and JumpStart services so it can deliver newfangled SharePoint services along with its existing SharePoint hos...

Enterprise Transformation Using Cloud and Cloud Platforms at Cloud Expo NY

By Elizabeth White

Cloud is a shift from the focus on underlying technology implementation to leveraging existing implementations and further building upon them. Cloud orchestration or a network of clouds is the wave of the future where these clouds can operate with elasticity, scalability, and eff...