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Darl McBride Leaving SCO?

Posted by CmdrTaco on from the take-the-money-and-run dept.

JoGiles writes "Linux-watch is reporting that while The SCO Group may go on to pursue its plans with a $100 million buyout, it will do so without its longtime CEO Darl McBride. Buried in the proposed MOU (Memorandum of Understanding) between Unix vendor and Linux litigator SCO and SNCP (Stephen Norris & Co. Capital Partners) is the note that "upon the effective date of the Proposed Plan of Reorganization, the existing CEO of the Company, Darl McBride, will resign immediately.""

1 of 126 comments (clear)

  1. Re:Pending approval... by burnin1965 · · Score: 5, Interesting

    Assuming all of this stuff is approved by the bankruptcy courts for starters.


    Good point. The quick headlines that were generated for stories are highly inaccurate, i.e. its not a $100 million buy out and it looks to be only $5 million at first glance.

    It could turn out after a full review of the facts that this is just another attempt to perpetrate additional theft of Novell's cash through the bankruptcy court as was the last attempt to sell Novell's assets.

    We'll have to wait and see how Novell and IBM respond in the bankruptcy court.