February 20th, 2009
NetApp: Layoffs and a $3 million CEO jet
NetApp’s CEO, Daniel Warmenhoven, took delivery of a personal $3 million airplane just as the company laid off 500 employees.
From ComputerWorld UK:
According to FAA records, Warmenhoven registered a Phenom 100 on 28 January. The plane, built by Brazilian company Embraer, seats four to six adults and typically sells for around $3 million.
“The jet is privately owned and is not a NetApp corporate expense,” said NetApp’s director of corporate PR, Jodi Baumann. “Dan Warmenhoven purchased the jet 2 years ago as a personal expense. It was recently delivered to him due to a long wait list.”
Yes, I understand it’s his reward for past success and that NetApp is supposedly a great place to work. But, in this difficult economy with so many unemployed, I call failure on such examples of excess.
Am I overly sensitive or is this issue worth screaming about?
Michael Krigsman is CEO of Asuret, Inc., a software and consulting company dedicated to reducing software implementation failures. Click here to discuss this post with him on Twitter. See his full profile and disclosure of his industry affiliations.
Subscribe to IT Project Failures via Email alerts or RSS.
| 02/20/09
