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PLCOM: Red Hat chairman joins billionaire club

[ Thanks to Peter
Crane
for this link. ]

“In less than a month, Hamilton, Ont.-born Robert Young has
become a high-tech billionaire — at least on paper.”

“The chairman and chief executive officer of Red Hat Inc. saw
the value of his 9.06 million shares climb to $1.05-billion (U.S.)
after the company’s shares jumped $8.75 to $116.75 yesterday on the
Nasdaq Stock Market. Red Hat started trading Aug. 11 after a
$14-a-share initial public offering.”

Complete
Story