Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  1. Home
  2. Careers-and-certifications
  3. Brocade-scraps-reyes
  4. Page
  5. Brocade Scraps Reyes: Page 2 of 2
Careers and Certifications

Brocade Scraps Reyes: Page 2 of 2

10:00 AM -- Maybe there's more to this corporate governance business than compliance hassles. Though Brocade Communications Systems Inc. (Nasdaq: BRCD) let ex-CEO Greg Reyes reign supreme for six years, they're pulling the ripcord on his golden parachute. Last week,...
July 29, 2005

Brocade's action probably would not have happened in the pre-bubble environment that brought Reyes to the helm. He might have been on the payroll for years, prehaps gathering thousands monthly for a home office with paid help. Then again, there's Greg's side of the story. But we probably won't hear that unless this goes to court. For now, Brocade says there's no lawsuit associated with the termination of the Reyes gravy train, as it chugs forlornly over the horizon.

Mary Jander, Site Editor, Byte and Switch

Tags:

Commentary
Careers and Certifications