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Cloud Expo: Article

Tucci to Run EMC Till February 2015

He’s going to get another $8 million in restricted stock from the remade employment contract

By Maureen O'Gara
Article Rating:
September 10, 2012 06:15 AM EDT
Reads:
 2,432

Well, heck, no wonder Pat Gelsinger took the job running VMware after he was promised he would be made CEO of VMware parent company EMC when Joe Tucci retired, the very reason he bolted Intel.

Tucci just doesn't want to go.

After saying he would go this year and then saying he would go next year, late Thursday it became clear from an SEC filing that he won't step down until February of 2015 when he's just supposed to be chairman of both EMC and VMware.

He's going to get another $8 million in restricted stock from the remade employment contract tied to performance over the next two years.

Published September 10, 2012 – Reads 2,432
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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