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What’s In It for Maritz?

He’s getting a base salary of $750,000 a year with a pro-rated target bonus of $750,00 plus an option to buy a million shares

By: Maureen O'Gara

Sep. 16, 2008 12:00 PM

OK, so what does VMware CEO Paul Maritz, a guy who thanks to Microsoft doesn’t have to work and could be in Africa saving animals, have to gain by jumping back in the trenches this time to take on the company that made him rich?

Well, according to a VMware filing with the SEC he’s getting a base salary of $750,000 a year with a pro-rated target bonus of $750,000 plus an option to buy a million VMware shares at an exercise price of $33.95 and currently underwater.

He’s got time to raise the stock price, however.

A quarter of the stock options vest next September 10, and the remaining shares vest in equal monthly installments over the following three years.

Published Sep. 16, 2008— Reads 1,067
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

About 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.

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