Language Selection

English French German Italian Portuguese Spanish

Money talks as top exec walks: Screw-ups pay off

Filed under
Misc

What’s the reward for failure in Waltham these days?

If you’re Jack Messman, who was ousted yesterday as boss of local software company Novell, it’s not too shabby.

Several million dollars, in fact.

Under his contract, Messman, who was kicked out by the board yesterday for poor performance, will get severance that starts at $1.9 million.

They will also pay him cash for 6.5 million share options, which had a value of $13.7 million at the end of the last fiscal year.

It’s simply one sign of the troubling corporate governance at Novell, which tries to make money by selling open-source Linux software.

Linux is booming everywhere, but somehow Novell has missed out.

Full Story.

More in Tux Machines

PuppEX Linux Live CD Now Based on Puppy Xenial, Compatible with Ubuntu 16.04 LTS

Arne Exton informs us about the availability of a new stable build of its Puppy-derived PuppEX Linux Live CD distribution, version 160822, which is now using the latest kernel and software applications. Read more

KDevelop 5.0 Open-Source IDE Officially Released with New C/C++ Language Support

After being in development for the past two years, the open-source KDevelop IDE (Integrated Development Environment) software has finally reached the 5.0 milestone. Read more

Open source drone controller has an FPGA-enhanced brain

Aerotenna has launched an open source, $499 “OcPoc” drone flight controller that runs Linux on an Altera Cyclone V ARM/FPGA SoC. Lawrence, Kansas based Aerotenna, which bills itself as “the leading provider of innovative microwave sensors and flight control systems,” describes OcPoC (Octagonal Pilot on Chip) as a ready-to-fly, open source flight control platform. The system integrates an IMU, barometer, GPS, and a CSI-camera interface. Read more

Linux Kernel 3.16.37 LTS Is a Massive Update with Tons of Networking Changes

Immediately after announcing the release of Linux kernel 3.2.82 LTS, maintainer Ben Hutchings proudly informed the community about the availability of the thirty-seventh maintenance update to the Linux 3.16 LTS kernel series. Read more