Feeds

Trouble closing the wallet, Joe? EMC boss Tucci's cloudy shares rain $10m

Cloudfather still sitting on shares worth $44m

Protecting against web application threats using SSL

EMC CEO and chairman Joe Tucci has earned himself a cool $10.5m after selling hundreds of thousands of shares in the storage biz.

Tucci made $10,583,406.96 from selling 400,000 EMC shares on 30 July and 1 August, according to the SEC Form 4 website, which links to this SEC filing.

Tucci's transaction consisted of selling 192,000 EMC shares before exercising his right to buy 207,000 more from the company at a reduced price. He then disposed of those shares at their full market value.

After the selloff, Tucci still owns 1.7 million shares in EMC. Going by the $26.42 which each share fetched last week, the firm's CEO is potentially sitting on $44m worth of shares.

Weather forecasts for Hopkinton, the Massachusetts hometown of EMC, show that over Wednesday 31 July and Thursday 1 August – the dates when Joe sold his shares – there were thunderstorms over the town. Perhaps ol'Joe's windfall may have been the result of a wet Thursday afternoon with nothing better to do.

What could Tucci do with $10,000,000? El Reg suggests this list of ways to spend a million bucks in a day as a good starting point. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
Seagate's triple-headed Cerberus could SAVE the DISK WORLD
... and possibly bring us even more HAMR time. Yay!
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.