Diane Greene’s Potential Payout Nearly $50 Million USD

Unless you’ve been living under a rock, you know Diane Greene was recently abruptly ousted from the top spot at the very company she co-founded, VMware.

Greene, 52, had been CEO of the company since she helped start it in 1998 along with 4 others, including husband and current Chief Scientist Mendel Rosenblum. Her salary, according to a July 2007 employment agreement, was $750,000. Her salary in 2007 was $583,333 and her total compensation for the year was $8.6 million.

Another interesting caveat: according to VMware’s proxy statement, Greene could be paid a bonus of $491,678 and her stock options may vest early, which could increase the value of her potential payout to $47.5 million or even more.

[Source: SF Business Times]

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I'm a blogger, entrepreneur, conference organizer, social media consultant, startup advisor and allround web addict, based in Belgium, Europe. I'm a writer at TechCrunch and managing editor of Virtualization.com.

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