IBM Fires Red Hat CFO
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Red Hat CFO Loses Out on Retention Bonus Following Standards-Related Ouster
Red Hat Inc.’s finance chief Eric Shander has been dismissed from the company, forfeiting a $4 million retention award that was agreed to ahead of Red Hat’s acquisition by International Business Machines Corp.
The Raleigh, N.C.-based software company confirmed late Thursday that Mr. Shander was no longer working at Red Hat. “Eric was dismissed without pay in connection with Red Hat’s workplace standards,” a company spokeswoman said in a statement.
The company, which said that its accounting and control functions remain healthy, on Friday declined to provide specifics about what led to Mr. Shander’s dismissal.
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Red Hat CFO 'Dismissed' From Company, Forfeits $4M Retention Award
"Red Hat Inc.'s finance chief Eric Shander has been dismissed from the company, forfeiting a $4 million retention award that was agreed to ahead of Red Hat's acquisition by IBM," reports the Wall Street Journal...
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