● 11.26.06

●● Everybody Loses, Except the Executives

Posted in Finance, Novell at 1:01 pm by Dr. Roy Schestowitz

In the midst of a certain coversation today, an old story returned to my mind. It’s dated September 25th, 2006. Thus, this happened roughly 4 months after secret negotiations with Microsoft had begun.

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Open source software maker Novell said last Friday its board approved the increase of its president and chief executive’s base salary to US$825,000 per year.

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I feel obliged to quote Mark Kent who said “Always follow the money. Anyway, all those people out there writing code which Novell sell on – your code has been used to provide the Novell Board with pay rises, and they’re agreeing that you are in the firing line for a Microsoft legal attack!

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