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WebLogic News Desk Tod Nielsen to Leave BEA This Week
Tod Nielsen to Leave BEA This Week
By: Java News Desk
Aug. 25, 2004 12:00 AM
Related Links: BEA Systems' chief marketing officer, Tod Nielsen, is quitting the corporate software company effective Thursday this week, according to a regulatory filing. Last November he wrote: "What's more, the pace of commercializing J2EE innovation needs to accelerate in order for J2EE to meet customers' needs, stay ahead of competitive technologies and maintain its standardization. In the same way the ease of VisualBasic unleashed Windows applications development, routine J2EE development tasks need to become less elite and more mainstream." From July 2000 to July 2001, he was CrossGain's CEO. From 1988 to July 2000, he was employed by Microsoft, where he held various management positions, rising to Vice President, Platform Group and Vice President, Developer Relations. In 2003, according to the San Jose, CA-based company's DEF 14A filing, Nielsen received a salary from BEA of $300,000, a bonus of $190,940, and 1 million stock options - more than doubling his cash compensation from BEA for 2002. BEA's embattled CEO Alfred Chuang was presumably already apprised of Nielsen's plans when he said - during a conference call last week to report the company's financial results - "There may be some further changes." Chuang added that BEA has "taken those into account in our planning. This is a very strong company with more than 3,000 employees." Amid all this staff-turnover turmoil, speculation has inevitably resumed that BEA will become a takeover target by Oracle. Larry Ellison is on record as saying that he would like to buy BEA - but only at the right price. Related Links:Reader Feedback: Page 1 of 1
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