Novell Operates at Loss, Layoffs Expected, Company Sold Out But Ron Hovsepian Receives Reward

Dr. Roy Schestowitz

2008-02-28 05:52:27 UTC
Modified: 2008-02-28 05:52:27 UTC

Reward for competence or for helping a rival?

A couple of months ago, around the time SCO was dissolving and some time after Chapter 11 had been filed, many SCO employees were fires while managers at the company (including Darl McBride) received generous bonuses. This was covered quite extensively in Groklaw which still has all the details. Moving on to Novell, consider this:

Massive layoffs are expected this year
Novell is massaging its financial figures
Novell's old leadership is gradually departing (more recently it was LaSala)
The company now depends (in the financial and [cef 2568 technical sense]) on Microsoft, its competitor

Here comes the news about Ron Hovsepian receiving quite a compensation.

Ronald Hovsepian, the president and chief executive of networking software maker Novell Inc., received a compensation package valued at $7.3 million in 2007, according to a proxy statement filed Wednesday.

Watch and weigh this within a broader context, which includes interesting (even mysterious) moves that occurred shortly after the deal with Microsoft had been signed. We wrote about this later as well. Why is Hovsepian paid more money? ⬆

Sellout

Comments

CoolGuy

2008-02-28 06:36:10

Really sad news...engineers who do the hardwork pay for the mistakes of the top clueless management.

I guess people from redmond will take over this company from inside and the good people will leave.

Novell will be just another M$ sponsered company.
Roy Schestowitz

2008-02-28 06:44:22

I don't believe they'll take over (some seniors whom I spoke to actually believe they sooner or later will), but I expect Novell to just become the next Corel.

If only Noorda was around to see this...

"Pearly Gates and Em-Ballmer One promises you heaven and the other prepares you for the grave."

--Ray Noorda

Windows Measured at 5.7% 'Market Share' in Philippines, GNU/Linux Rose to 5%: It was 3.62% last month
statCounter: GNU/Linux Up to 4.6%, Windows Down Sharply This Month (Almost 22% Worldwide): Let's see it the figures stay stable throughout the month
Figures of Note: Tesla's Debt Has More Than Doubled in Two Years and It's a Symptom of a Fake Economic Order: Cash infusions by taxpayers can create "billionaires" who aren't "job creators" (see what happened to Twitter) and bring no benefits to these taxpayers, only poverty
Linux Foundation Let Linux.com Rot for Two Months and Now It Posts Ridiculous Spam: Mindless shopping site
today's howtos: some older leftovers
Microsoft Windows is Technically at 0% in Some Countries: It's not an important platform to target anymore
South America Has Made It (Android Majority Everywhere) and in North America New Records for GNU/Linux Usage: Windows monopoly rents cannot be salvaged
Windows Down to Only One in Six Internet- or Web-Connected Devices in Asia: it's not looking good for Microsoft
Microsoft Windows Market Share in the United Kingdom Has Fallen to About 20%: Microsoft knows the true numbers, but it would rather not tell
Links 02/12/2024: Journalists Arrested, Tesla Factories Destroying the Planet and Public Health: Links for the day
Gemini Links 02/12/2024: Adventures With Bevy, Google Very Evil, Jumping Into Gemini: Links for the day
BetaNews is Still a Shrine of Microsoft, and Casually Also an LLM Slop Factory: Fake articles, anti-Linux FUD, and Microsoft propaganda make a sound "business model"?
[Meme] Cyber Monday is Not a Thing; There's No Such Thing (It's a Corporate SPAM Campaign Plaguing the Web): Enough with these fake 'holidays' that billionaires (business oligarchs) keep inventing to make more money at other people's expense (debt)
Software Freedom Conservancy (SFC) and Linux Foundation: Same Mentality of Revisionism and Plunder: Lie about history and then 'cash in'
[Meme] Software Freedom Conservancy (SFC) Begs You for Donations: How does one even spend 20,000 dollars per month???
Why Software Freedom Conservancy Does Not Deserve Money (Karen Sandler is Already a Millionaire and Her Organisation Attacks Free Software Leaders): These people speak for "Big Money" interests, not for freedom
On the internet [sic] (Lowercase), They Spread Misinformation About the Internet: Hugh Grant remembers what happened before he was born
Richard Stallman Was Getting Honorary Doctorates Almost Every Year Until 'Cancel Culture' Stepped in, Distracting From Jeffrey Epstein's Ties to Bill Gates: This finally ended... earlier this year (October)
Self-Deprecating Attacks on RMS: Drew DeVault seems to have deleted all of his social control media accounts
When Bills Are Rising, Whereas the Demand Isn't (OpenAI is Insolvent): Latest month on record shows traffic fell about 3 times lower than earlier this year
Over at Tux Machines...: GNU/Linux news for the past day
IRC Proceedings: Sunday, December 01, 2024: IRC logs for Sunday, December 01, 2024
Links 02/12/2024: Climate, Sportwashing, and Software Patents: Links for the day
Gemini Links 02/12/2024: Words and Apologies, Being Rude, and Geminauts 0.1.0 Release: Links for the day
The Microsoft OSI: All the Latest Blog Posts Are Written by Microsoft Operative Salaried by Microsoft: OSI is truly occupied. Microsoft more or less 'bought' the OSI...
Links 01/12/2024: Russian Police Raiding Gay Bars, Zelensky Wants NATO Membership: Links for the day
Gemini Links 01/12/2024: Recycling and Interest in Computers: Links for the day
Links 01/12/2024: 23andMe's DNA Bubble Imploded, Web Server Survey Shows Microsoft Nosediving: Links for the day
Vulture funds war-gaming Ireland loss of corporation tax revenue, Donald Trump: Reprinted with permission from Daniel Pocock
Gerry Hutch & Debian: suicide by Monk?: Reprinted with permission from Daniel Pocock
Gerry 'The Monk' Hutch: criminals vs geeks, multinationals vs Ireland: Reprinted with permission from Daniel Pocock
"Microsoft suffered the next largest loss, down by 634,406 sites (-3.24%)": Microsoft is now in only 2 of the 5 tables; over time Microsoft slips out of visibility in more categories
The Post Offices Have Turned Into Trash. They Swallow Packages and Only Spit Them Out If You Get Lucky.: Nom nom nom
Four Years of Videos (Self-Hosted, Not Social Control Multimedia): Seeing how the "hey hi" (AI) hype spreads to GulagTube and ruins GulagTube, we're glad we need not worry about Google (Gulag) policing our "content" via supposedly 'free' (not really) platforms, such as GulagTube, the social control (multi)media "market leader"
[Meme] Hiding From Bullies Not the Solution: ‘The only thing necessary for the triumph [of evil] is for good men to do nothing.’
Over at Tux Machines...: GNU/Linux news for the past day
IRC Proceedings: Saturday, November 30, 2024: IRC logs for Saturday, November 30, 2024
If You Support Free - is in Freedom/Libre - Software, Then Support the Free Software Foundation (FSF): 2024 was the most productive year so far
CNN's Front Page is About 250 Times Heavier Than Techrights' (Also Far Slower): Those who value performance and users' experience will give bloat the boot
[Meme] What 'Social Justice Warrior' Has Come to Mean by 2024: People who have long called themselves "SJW" aren't exactly any of those things
We Already Know What Makes Techrights So Attractive to Online Abuse and Cybercrimes: Techrights helps explain how to dismantle the 'cancel culture' against Free software (it also names the key perpetrators)
Microsoft Controlling Apache by Proxy/ies: This is a broader attack on what "Open Source" actually means
Two Years Later Sirius Open Source is Basically Dead (With a Zombie Web Site): 1 day from now it's exactly 2 years since Rianne and I resigned
[Meme] The Internet is More Fragile Than They Are Willing to Admit: If your site ready for a war on pipes and cables?
In Case Undersea Cables Are Cut...: The issue has been somewhat of a taboo - mostly overlooked or entirely ignored at times of peace
IBM is More Than 60 Billion Dollars in Debt (Which It Cannot Pay Back): IBM debt is growing
IBM and Microsoft Fake Headcount in Exactly the Same Way (While Mass Layoffs Persist and Real Revenue Falls, Not Just Compared to Inflation Rates): They convert profits into fake 'growth' instead of cashing in (so debt continues to soar), in effect gaming the system based on misleading metrics
Daniel Pocock Moved Up Two Spots in the Political Battles: He has made a statement about it
Links 30/11/2024: Cable Cuts Under Investigation, America’s Cemeteries Are Rewilding, Panda Protection Money Misused: Links for the day
Understanding Irish general election 2024 results Dublin Bay South: Reprinted with permission from Daniel Pocock
Links 30/11/2024: Social Control Media Under Growing Scrutiny, Patent Propaganda Sites Still Promote a Fake Court (UPC): Links for the day
Gemini Links 30/11/2024: SIGINT Foo and Hooking Up an Old Serial Terminal to a NetBSD Machine Over USB: Links for the day
Apache Software Foundation, Already Infiltrated by Microsoft for Well Over a Decade, Still Controlled by Proprietary Giants With Openwashing Agents: No wonder things get outsourced to Microsoft's proprietary prison (GitHub)
Tux Machines Turning Twenty a Half: Contact us if you want to join us and live not far from Manchester
Stable at Over 4% and 400+ Days' Uptime: Hopefully some time this weekend we'll find enough time to upload party photos (this site turning 18)
With a Month Left to Raise Money the Free Software Foundation (FSF) Has Already Raised 56,000 Dollars: December starts tomorrow
The Irish Have Voted, We'll Soon Know How Many Voted for a Debian Developer and Free Software Specialist: Dublin Bay South results
[Meme] The Word Security Has Been Redefined: "See what the media tells us?"
Proving Yet Again That Techrights Was Right About UEFI 'Secure Boot' All Along (Since 2012): 'Secure Boot' or 'secure' boot is about anything but security
[Meme] Growing Up and Becoming Sceptical: Social control media is a toxic weapon against what's true
Over at Tux Machines...: GNU/Linux news for the past day
IRC Proceedings: Friday, November 29, 2024: IRC logs for Friday, November 29, 2024
Reporting Information and Facts at Times of War (and Information Wars), Dissent of Merit and Scepticism//Critical Skills Impermissible: The world is full of white-collar crime, so the more people report, the better
Links 30/11/2024: More Strongarming and Threats to Taiwan, Ananda Krishnan is Dead: Links for the day

Novell Operates at Loss, Layoffs Expected, Company Sold Out But Ron Hovsepian Receives Reward

Comments

Recent Techrights' Posts