SCO CEO McBride to step aside amid $100 million buyout
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The chief exec of SCO will leave once it reorganizes through a deal with Stephen Norris & Co. Capital Partners.
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Telecom equipment group Ericsson's  (ERICb.ST) chief financial officer has stepped down in the wake  of a shock profit warning last week which caused a massive  selloff in the company's shares.
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Bruce Jaffe, who spearheaded the software giant's acquisitions activity, will leave the company in February.
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PeopleSoft&#39;s Chairman and CEO David Duffield resigned from the company on Dec. 21, just one week after PeopleSoft&#39;s board agreed to accept Oracle&#39;s $10.3 billion acquisition offer.
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The head of telecom equipment maker Ericsson's  Redback Networks unit is leaving his executive position to become vice chairman of the unit, Redback's chairman said on Thursday.
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The company has decided to leave the public markets.
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Ed Coleman will resign from his position at the end of January, clearing the way for Acerâs top executive in the Americas to take the helm, the Taiwanese company said.
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PeopleSoft Inc.  on Tuesday said Chief Executive and Chairman Dave Duffield has resigned from the business software maker, which agreed to a &#36;10.3 billion buyout by rival Oracle Corp.  earlier this month.
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(InfoWorld) - With its cash reserves running out, the SCO Group has filed for bankruptcy protection. The Lindon, Utah, company made the announcement in a news release issued Friday afternoon. "The Board of Directors of The SCO Group unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries as well as its customers, shareholders, and employees," the statement said. SCO expects to "maintain all normal business operations throughout the bankruptcy proceedings." Once a respected vendor of the Unix operating system, SCO is now best known as the plaintiff inÂ a long-running lawsuit against IBMÂ related to the computer giant's support of the Linux operating system. SCO has claimed that IBM inappropriately contributed to the development of Linux, but SCO's critics say that the lawsuit was simply a desperate attempt to reach a financial settlement from IBM, which has invested heavily in Linux over the years. The lawsuit had proved to be a costly one. SCO has been losing money for years as it has racked up millions of dollars in legal fees and seen its core Unix software business decline. Last month, it suffered a major legal setback asÂ a federal judge ruled that Novell, not SCO, owns the Unix copyright and that SCO would have to pay Novell for past licensing deals it had struck with Sun and Microsoft. The case is due back in court on Monday, when a judge is to begin evaluating how much SCO has to pay Novell. It was unclear Friday how the Chapter 11 filing might affect Monday's proceeding. SCO's stock has been hammered since March of 2003, when it first filed suit against IBM. On Friday it closed at $0.37, down 43 percent on the bankruptcy news. Â
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Motorola Inc. MOT.N on Wednesday said  its No. 2 officer, who had been passed over for the chief  executive post, will resign at the end of January to seek a top  spot with another company.
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Richard Notebaert said Monday he will leave as chairman and chief executive officer after the board had chosen a replacement.
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PHILIP KNIGHT, the charismatic co-founder of sportswear giant Nike, has decided to step down as chief executive of the company. He will be replaced by William Perez, currently head of SC Johnson &amp; Son, which
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The SCO Group is looking to cut expenses to make sure it has enough cash to push its lawsuit with IBM, the company announced during its third-quarter earnings conference call yesterday.
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Laura Cox, a top aide to U.S.  Securities and Exchange Commission Chairman William Donaldson,  will leave the regulatory agency to join PricewaterhouseCoopers  PWC.UL, a Big Four accounting firm, the SEC said on Tuesday.
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Former press baron Conrad Black will  quit as chairman and chief executive of his Canadian holding  company, Hollinger Inc. HLGc.TO, to facilitate his offer to  take it private.
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Quietly and without fanfare, PeopleSoft chief executive officer Dave Duffield has bidden farewell to the company he founded. In a US government agency filing, PeopleSoft revealed that Duffield resigned from
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Richard Mathias writes &quot;Following on from the posting a month ago, where SCO said it was going to launch a new website to counteract Groklaw and give its side of things - well, now the company looks like it&#39;s given up on the whole plan.