Original URL: http://www.theregister.co.uk/2006/10/02/capellas_silverlake/

Alphacidal Capellas dives into Silver Lake

Freshening up for next CEO run

By Ashlee Vance

Posted in Financial News, 2nd October 2006 22:51 GMT

Admitted Alpha killer and professional golden parachute artist Mike Capellas has joined investment firm Silver Lake Partners.

When not performing technology buyouts, Silver Lake serves as a type of CEO holding tank. Former Sun Prez Ed Zander, for example, put in some time at the Lake and then took the CEO job at Motorola. Now, it's Don Capellas' - the man who sent Alpha to swim with the fishes - turn to marinade before springing back into action. Capellas is apparently a senior advisor at Silver Lake.

"Capellas will work closely with the senior leadership and value creation teams at Silver Lake to help identify and develop new investment opportunities and provide expertise and counsel to Silver Lake’s growing number of portfolio companies," the company said, adding that Capellas will work from New York.

Capellas, you'll recall, climbed his way up the ranks of various technology companies before settling into the CEO role at Compaq. After HP ate Compaq, Capellas ended up as President of the combined company, serving under PA-RISC whacker Carly Fiorina. That gig lasted just a few months before Capellas scrambled away to head up scandal-ridden WorldCom MCI.

Once MCI mated with Verizon, Capellas departed his CEO post again.

Through that glorious run, Capellas managed to sack away tens of millions of dollars in exit pay. Not bad work, if you can get it.

We happen to think Golden Mike is eyeing the HP spy scandal to see if another job opens up. ®