Feeds

Rackable president ousted after two days

Ejector Board seat

High performance access to file storage

Tom Barton got to play king for a day — or two days, as it were — reigning over Rackable systems as CEO and President over the entire weekend before being offed completely.

The storage and server maker listed a Q1 revenue drop of 15 per cent Friday, and replaced its previous year $6m profit with a $10m loss.

With the news, Rackable's then-president (now twice removed) Tom Ford was shuffled to an EVP post and CEO Barton regained the president title.

Hopefully, he cherished those precious moments. Today Barton announced his resignation. He will be replaced by board member Mark Barrenechea as Rackable's president and CEO. In what suggests the fallout of a board dispute, Barton has also resigned from his position on the board of directors.

Barrenechea held senior management and operating positions at Oracle, and joined Rackable's board in November.

Barton was very optimistic about the company last year, as you can read in a Register interview here. On Friday, Barton spoke of diversifying Rackable's business model in the company's earnings report, but using the power of hindsight [which will appear in brackets] his true meaning becomes apparent:

"We are encouraged by the progress we've made over the past thirty days in assessing our long-term business model," Barton said. "These steps include a newly-defined [Barton-less] plan for handling business at our largest accounts, a strategy [that's one Barton short] for diversifying our sources of revenue, and a focus on higher gross margin products [while yielding significantly smaller gross margins of Barton]." ®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
USA opposes 'Schengen cloud' Eurocentric routing plan
All routes should transit America, apparently
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.