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Red Hat Co-Founder Bob Young Resigns
Anonymous Coward's Cousin writes "Yahoo news is reporting that Red Hat co-founder Bob Young has resigned from the board. From the article: 'In a funny way, my resignation is perhaps the finest compliment I can pay to everyone associated with Red Hat today, I have complete confidence in the future of the company'"
I don't think there is another "pure" Linux vendor that has done more for making Linux a household name than RedHat. Their smart partnerships with OEMs and computer manufacturers has been invaluable to the Linux movement. In a very real sense, without RedHat, there wouldn't be a strong Linux movement now.
Bob has been behind much of this, though it is hardly something that one man can lay full claim to. Going forward, hopefully RedHat keeps it together and continues to generate Linux buzz.
Jesus saved me from my past. He can save you as well.
lvl-50-ceo-lfg Who'd want to quest with someone who's going to take all the loot?
One of my local LUGgers works for Bob Young on the side at the football team he owns (he runs the tech stuff like the website and broadcasting), the Hamilton Tiger Cats, and he said he could definitly see Bob resigning. He's been jumbling about too much stuff lately and he really isn't paying attention to redhat or linux at all very much recently. I think possibly running the Tiger Cats and just wanting to relax for a bit are greater reasons for Bob's resignment than going off to work on this other .com thing. He's really been quite busy as of late though and he hasn't made it out to the local linux user's group meeting in over a year now so I'm pretty sure he's done with linux for a while now. Ah well, maybe he can come out to more of my local lug meetings now! :)
--stevo32 (Stephen Clement)
s.clementmonkey@sympatico.ca, remove the 'monkey'.
"I have complete confidence in the future of the company'""
So when's Ballmer resigning?
company, and the value of my shares.
Unpretentious Sydney reviews by unqualified Sydney reviewers
It is interesting though that people are complaining that a web site has news a full day late. Shows the effects that the internet has had on communication (as well as expectations of levels of communication).
Red Hat has always charged for the core of their business, which was providing fully-supported Linux systems to business-class customers. I'm not sure dropping the free-as-in-beer version of their OS really counts as the beginning of their charging customers for service.
"Thank you all for everything. Now if you'll excuse me, I have just realized I am now very rich, so I'm going to go drink for 32 years."
rpm -e BobYoung.rpm
I am that that is, not that that is not, that is.
The math is simple and the handwriting is on the wall. No, Netcraft does not confirm this, but Bob figured out that hard drives double in size about every two years. A base Redhat install doubles in size every 9 months. It will be less than 6 years before a Redhat desktop install requires 512 gigs, and shortly after that, the requirements will surpass the largest drives available on the market. He's escaped, and will slowly sell off his stock, take the money and walk way.
Also, I hear he runs Slackware now.
"I have such enthusiasm and confidence in the mission." -Hal 9000
:-)
I'm commenting again, just to clarify. There is no SEC investigation, he is not selling his stock (he couldn't even if wanted to do to contractual obligations), Bob Young is a good leader who only recently has become too busy to fulfill his duties but has a history of being very interactive with the company. Anyone who knows Bob Young knows that he is nothing like a used car salesman, he's a very nice and intelligent man, he gave Linus 12 million dollars in stock to show appreciation (yes, Linus is a millionaire). He really believes in open values. He wants software to be free and he wants people to be able to publish their books without having to deal with publishers which tend to take most of the profit. He is the founder of Lulu which allows anyone to sell their own books. Here is a book that he wrote and gives away for free, it is about how open source businesses are viable and locking people into things is not the only way to make profit. It is a shame that some troll is spreading misinformation about a guy who has done so much good. One other thing that gives huge credibility to Red Hat's potential is that Dell invested 100 million in them, and Michael Dell doesn't screw around with his money.
Regards,
Steve