SCO has announced that Robert Bench is retiring and they will have a new CFO.
It seems Mr. Bench wishes to retire, though he'll stay on for six months more in an acting VP capacity, where he will focus on "external growth opportunities and industry partnerships", which I think means they urgently need to find some money this exact minute.
His replacement as CFO, Bert Young, comes from a background that includes a term at a company called Waste Management, Inc. I'm sure he is highly qualified for the task ahead.
Here are two press releases about it. Note the last paragraph of the second:
"Linux is open source software, meaning that software developers can freely modify its code, and is based on the Unix operating system, which had been used in many large corporate data centers. SCO owns the rights to Unix and collects licensing fees for it. It also has collected licenses from some companies that use Linux."
I got a second-hand report from the shareholder meeting, by the way, that there were no fireworks, only about 20 shareholders showed up, not including the BayStar folks, and the rah-rah word to the troops was that they would win the lawsuit. Of course, they kind of need to say things like that, no matter what they think when they lie awake at night, staring at the ceiling. There is already one law firm notifying SCO shareholders on Yahoo's Finance message board that it specializes in shareholder class action lawsuits.
By the way, Forbes is running a poll on Linux. I suggest not taking it, because I personally don't trust Forbes to play fair. I see no reason to mislead their advertisers into thinking the community finds Forbes of interest, either. They have seriously shown a bias against Linux for a long time, and I don't believe the survey can possibly be scientific, which wouldn't stop some from using it to defend SCO if Linux were to "win" the poll (SCO asserting that SCO hasn't caused any financial damages and thus needn't pay for any such losses, for example), and it's too easy to stuff the ballot. All anyone would have to do is erase all cookies from prospero.com, atdmt.com and forbes.com, or use a few different computers, and vote again and again. (Hmmm.... and then later fess up, thus invalidating the results.) Consequently, this poll's "findings" will be absolutely meaningless, except maybe for some FUD. I say this despite the fact that at the moment, Linux is "winning." It also crosses my mind that Forbes could keep logs on who took the poll, maybe even noting how they vote? I haven't read their privacy terms, but I'm thinking there are just a lot of reasons to stay away from Forbes.
Source: The SCO Group, Inc.
The SCO Group Names Bert Young as Chief Financial Officer
Wednesday April 21, 8:07 am ET
SCO Adds to Executive Team and Creates New Department to Oversee Corporate Development
LINDON, Utah, April 21 /PRNewswire-FirstCall/ -- The SCO Group, Inc. (Nasdaq: SCOX - News), the owner of the UNIX® operating system and a leading provider of UNIX-based solutions, today announced the expansion of its executive team with the appointment of Bert Young as Chief Financial Officer. Young brings to SCO a seasoned background in executive-level management responsibilities from a variety of information technology companies including worldwide finance, operations, mergers and acquisitions expertise.
Previous to SCO, Young was the Vice President and Chief Financial Officer for LANDesk Software, where he was accountable for all financial management and reporting to company stockholders. He has also served as CFO for several other companies including Talk2 Technology, Inc. and Whittman-Hart. He was also the CIO for Chicago-based Waste Management, Inc.
"We look forward to Bert's contributions in helping drive additional efficiencies in our company operations," said Darl McBride, President and CEO, The SCO Group, Inc. "His years of experience in all facets of worldwide operations will enhance our current management team."
In addition to the appointment of Young, the company announced that Bob Bench will assume the responsibilities of acting Vice President of Corporate Development. Bench has been the company's CFO for the past three and one half years and will focus on external growth opportunities and industry partnerships. As the company fills this position on a permanent basis, Bench plans to retire from SCO later this year. "These changes in senior management responsibilities will allow significant focus on efficient internal operations, development of our current product lines, and the addition of technologies and products through acquisition and partnering," said McBride.
This press release contains forward looking statements related to SCO's belief that the appointment of Bert Young will enhance its management team, SCO's anticipation that Mr. Young will contribute in helping SCO drive additional efficiencies in its operations and SCO's belief that the changes in senior management responsibilities will allow significant focus on efficient internal operations, development of its current product lines and the addition of technologies and products through acquisition and partnering. SCO wishes to advise readers that a number of important factors could cause actual results to differ materially from those anticipated in such forward-looking statements. These and other factors that could cause actual results to differ materially from those anticipated are discussed in more detail in SCO's filings with the Securities and Exchange Commission.
The SCO Group (NASDAQ: SCOX - News) helps millions of customers in more than 82 countries to grow their businesses everyday. Headquartered in Lindon, Utah, SCO has a worldwide network of more than 11,000 resellers and 4,000 developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com.
SCO, and the associated SCO logo are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX is a registered trademark of The Open Group.
UPDATE - SCO says Bench plans to retire, names Young CFO
Wednesday April 21, 8:41 am ET
NEW YORK, April 21 (Reuters) - The SCO Group Inc. (NasdaqSC:SCOX - News), the software company suing IBM over the Linux operating system, said on Wednesday that Chief Financial Officer Bob Bench plans to retire later this year, and named Bert Young to replace him.
Lindon, Utah-based SCO, which owns the Unix operating system and says that the operating system Linux violates its copyrights, said that Bench will become acting vice president of corporate development and retire after the position is filled permanently.
Bench has been the company's CFO for the past three and a half years.
SCO, which began its fight over Linux with International Business Machines Corp. (NYSE:IBM - News), which sells computer hardware that has Linux software on it, has since said that it would expand that fight to include other companies such as AutoZone Inc. and DaimlerChrysler AG.
Linux is open source software, meaning that software developers can freely modify its code, and is based on the Unix operating system, which had been used in many large corporate data centers. SCO owns the rights to Unix and collects licensing fees for it. It also has collected licenses from some companies that use Linux.