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Sun CEO Upbeat in Goodbye Letter

Jan 25, 2010, 18:17 (1 Talkback[s])
(Other stories by Andy Patrizio)

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"Sun CEO Jonathan Schwartz, who has been virtually invisible since JavaOne last June, sent a memo to Sun Microsystems staffers, striking a rah-rah tone and bidding those who will keep their jobs good luck as Oracle employees.

"Schwartz has largely been a non-entity on the Sun campus as the firm treaded water, waiting for the interminable delays in the merger with Oracle to work themselves out. He did explicitly not say what his future holds, whether he will come over to Oracle (NASDAQ: ORCL) or leave, but publicly-disclosed compensation reports filed with the SEC have indicated he is indeed leaving with one year's salary, around $11 million.

"The merger -- now approaching its tenth month, longer than human gestation -- finally received European Union approval on Thursday but still has to get past Russian and Chinese antitrust officials and they might just throw a monkey wrench into the whole thing."

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