Diane Greene’s Potential Payout Nearly $50 Million USD
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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]
Pingback by VMware (VMW): Second-Quarter 2008 Results | Virtualization.com on 22 July 2008:
[...] VMware reported its second-quarter 2008 results today, with an earnings conference call which was followed closely after the abrupt removal of Diane Greene two weeks ago (see our ‘ the week after‘ post too for reference). Don’t feel too bad for her, we’ve just reported on her potential payout, which could be well over $50 million USD. [...]