2 posts and columns on financial industry

Departing Sun Co-Founder to Employees: “Kick Butt and Have Fun!”

in News on January 26, 2010 at 3:10 pm PT

With European Commission approval of its $7.4 billion buyout by Oracle in hand, Sun’s leadership is saying its goodbyes. Last week, we heard from Sun CEO Jonathan Schwartz, who–as I reported yesterday–will soon resign his position. Today, it’s Sun co-founder Scott McNealy who is bidding farewell. Sources close to the company tell me that he too will leave Sun following the close of Oracle’s $7.4 billion buyout. His all-hands memo to employees after the jump.

WaMu: Epic Bail

in News on September 26, 2008 at 12:37 am PT

Add Washington Mutual to the list of troubled financial institutions felled by the current economic crisis. The lender was seized by federal regulators on Thursday night and sold to JPMorgan Chase for $1.9 billion in the hopes of preventing further damage to the country’s hard-hit economy.