News Embattled SCO picks new financial head

Discussion in 'Article Discussion' started by GreatOldOne, 22 Apr 2004.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

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    Hah! maybe this one can actually count and can see that the futile court actions are causing them to haemorrhage cash. This from ZDNet:

    SCO has reassigned its chief financial officer to corporate development and hired a new CFO from another firm, the week after a major investor said it wanted its $20m back

    SCO Group on Wednesday reshuffled its executive ranks, hiring a new chief financial officer and reassigning the previous CFO to corporate development.

    New CFO Bert Young, a former LANDesk Software executive, joins SCO at a difficult point in the company's history. During the past year, SCO has conducted an expensive legal campaign that contends Linux software infringes on the company's Unix copyright holdings. The fight has increasingly dug into SCO's coffers, with the company spending $3.4m (£1.9m) on litigation in its most recent quarter alone.


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