VMware: Investors worry as key employees starting leaving
By Tarry Singh at 20 September, 2008, 1:08 am
With Chan, VP Product Development, also quitting. Investors are extremely anxious what will happen to VMware’s IP. after all the brains that made all those softwares is what you need in this extremely hostile market conditions.
Analysts have said investors are concerned that more key employees will leave in the wake of the executive departures.
“We’re obviously sorry to see Paul go, but turnover is inevitable at any company. VMware is putting initiatives in place to retain key employees,” Gallo said.
On Sept. 9, the company announced the resignation of its chief scientist, Mendel Rosenblum. A co-founder of the company, he is also the husband of co-founder Diane Greene, who was replaced as chief executive in July.
On Sept. 2 VMware disclosed that its top executive for product development, Executive Vice President for Research and Development Richard Sarwal, had left less than a year after being recruited away from Oracle Corp.
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this is normal behavior for when a new CEO comes in. It’s his job to surround himself with top LT.’s that he trusts. Keeping all the old guard that were probably part of the problem would help nothing and cause me to question his leadership abilities. Take a few moments to research what has happened at other companies when a new, outside CEO was brought in. I think you will find very similar activity. Maritz is reinvigorating the company, cleaning house and making them grow up. There will be casualties along the way.