Linked by Thom Holwerda on Wed 8th Apr 2009 12:27 UTC
If all this works out, then IBM will be one of the luckiest companies in the world. eWeek has learned a lot of details regarding the IBM-sun acquisition talks, as well as that today, the Sun board is holding another meeting to discuss the talks. The outcome could be that IBM would buy Sun after all - but at a much lower price since Sun's shares fell 25% after it had broken off the negotiations with IBM.
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RE: Exec bonuses / goldne parachutes
by StephenBeDoper on Wed 8th Apr 2009 17:07
in reply to "Exec bonuses / goldne parachutes"
Member since:2005-07-06
++
It strikes me as an example of a common trend I've noticed in the past few months. While most people seem to be reacting to economy's problems by trying to cut costs and adapt, some (like McNealy) seem to be taking the attitude of:
"Well, we're on the Titanic and it's going down anyway - so let's indulge ourselves as much as possible before we sink beneath the waves. Waiter - more champagne and caviar!"
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Member since:
2005-07-12
From what this article (and others) said, is that the main point of contention from "nay" camp is executive bonuses and/or their goldne parachutes.
What??? I mean .... WTF??????
You dimwits drove the company into the ground, and caused it to lose billions, and you want a freaking bonus, or golden parachute???
For the sake of Sun shareholders, employees, and customers, I hope McNealy gets seriously reamed - as in no bonus, no goldnen parachute, and gets sued into poverty.
It's so sad, because Sun has produced a lot of great tech over the years, and has world class engineers. But they had McDufus mas CEO, now Chairman (and apparently sill holding a lot of power), totally screwing things up for this formely great company.
Let McNealy's ego, greed, and stupidity cause him to reap what he sows.