Feeds

Sun aims for sky, shoots self in foot

Targets not acquired

High performance access to file storage

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. ®

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
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
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
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
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.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
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.