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No he was put in charge of the advanced research division. They basically stripped him of all managerial duties without firing him. When presented with his new
by yardie 15y ago
No he was put in charge of the advanced research division. They basically stripped him of all managerial duties without firing him. When presented with his new position and title he was like, "F it, I'm outta here!"
Firing a company founder is probably the last thing any publicly traded would do. It's just not done. You'd have sympathetic stockholders rioting, the neutral ones now pissed at you, and every last member of the board fired as well.
- dman 15y agohttp://en.wikipedia.org/wiki/Diane_Greene http://en.wikipedia.org/wiki/Diane_Greene
- yardie 15y agoI didn't mean to imply its never done, just that when a founder is fired it tends to be for criminal reasons (ie, John Delorean). In this case, it looks like a pure power play. Tucci had the board backing him and Greene had the senior executives. In the end Tucci won. "When Ms. Greene’s firing was announced to investors the next morning, VMware’s shares plunged 24 percent, and the high-flying company was thrown into a tailspin from which it has yet to recover."[1] Since her departure it looks like VMWare has changed from an engineering driven company to acquisitions driven. [1]http://www.nytimes.com/2008/09/09/technology/09vmware.html http://www.nytimes.com/2008/09/09/technology/09vmware.html