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EMC discloses CEO Joe Tucci will remain at the company until Feb. 2015. Prior to that time,...

EMC discloses CEO Joe Tucci will remain at the company until Feb. 2015. Prior to that time, he'll step down as CEO, and transition to solely being chairman of EMC and 80%-owned VMware (VMW). Tucci, 65, recently cancelled plans to retire at an earlier date.
Comments (3)
  • Dave Farmer
    , contributor
    Comments (3) | Send Message
     
    The above report is inaccurately states Mr. Tucci's employment arrangement. Please see the SEC filing below:

     

    On September 5, 2012, EMC entered into an amendment to the employment arrangement with Mr. Tucci. Under the arrangement, Mr. Tucci will remain at EMC through at least February 2015. The Board anticipates that at some time prior to such date, Mr. Tucci will fully transfer his role as CEO to a successor and become solely Chairman of EMC and Chairman of VMware, Inc.
    7 Sep 2012, 09:29 AM Reply Like
  • Dave Farmer
    , contributor
    Comments (3) | Send Message
     
    The statement above is inaccurate. The actual SEC filing language is below:

     

    On September 5, 2012, EMC entered into an amendment to the employment arrangement with Mr. Tucci. Under the arrangement, Mr. Tucci will remain at EMC through at least February 2015. The Board anticipates that at some time prior to such date, Mr. Tucci will fully transfer his role as CEO to a successor and become solely Chairman of EMC and Chairman of VMware, Inc.
    7 Sep 2012, 09:29 AM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (829) | Send Message
     
    Thanks. Fixed.
    7 Sep 2012, 09:36 AM Reply Like
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