Feeds

Sun aims for sky, shoots self in foot

Targets not acquired

Application security programs and practises

Trick or treat?

Schwartz gets a $1m annual salary from Sun, a level that has stayed the same for the past three years, according to the proxy. But stock awards and options, plus other compensation, Sun's president and CEO had a total compensation of $6.2m in fiscal 2009. That's 20 per cent less than last year, and less than half of the $14.1m Schwartz took home in fiscal 2007.

Mike Lehman, Sun's chief financial officer, gets an $800,000 salary and pulled in $1.43m in total compensation in fiscal 2009, down sharply from the $3.73m he got in fiscal 2008. John Fowler, executive vice president and general manager of Sun's Systems Group - and very likely the person who will run the Sun unit if it becomes part of Oracle - had a $575,000 salary and $1.75m in total compensation, down a smidgen.

Greg Papadopoulos, Sun's chief technology officer, had $2m in total compensation, also down a bit, and Peter Ryan, who is the executive vice president of global sales and services, got $2.38m in total compensation in 2009, mysteriously including a $705,640 accelerated retention bonus payment from fiscal 2010 and another retention bonus for fiscal 2009.

The proxy also shows the silver and golden parachutes that the top brass at Sun have - the silver one being if they are involuntarily removed and the other if they are terminated following a change of control in the company. Schwartz has a $12.8m golden parachute, while Lehman has a $4m one, Fowler has a $3.8m deal, and Papadopoulos has a $4.1m cushion. Ryan, who is a British citizen, has a $5.1m package. McNealy has a golden parachute set at just over $10m.

With those kinds of numbers, it is no wonder that everyone is behind the Oracle deal going through, and Sun's top brass were actively seeking a deal with IBM and perhaps other companies. Being fired is worth more than coming to work.

One more thing: Sun has yet to report its financial results for the first quarter of fiscal 2010 ended in September. My guess is that Sun will sneak this out after the markets close tomorrow. Trick or treat. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.