Feeds

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

Cloudfather still sitting on shares worth $44m

Security for virtualized datacentres

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. ®

New hybrid storage solutions

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.