Jeffrey Jaffe, named Novell chief technology officer in November, stands to make at least $1.65 million in cash during his first year working at the server software company, Novell disclosed in a regulatory filing Friday. Jaffe will be paid a salary of $450,000; a minimum bonus of $225,000 that could be as high as $450,000; a $300,000 signing bonus, $600,000 if he stays for a full year; and $75,000 relocation expenses to move to Waltham, Mass., where Novell is headquartered.
In addition, Jaffe got 300,000 stock options with a $7.93 exercise price--200,000 of which are dependent on meeting certain performance goals--and the right to purchase 100,000 restricted shares at 10 cents apiece. And under his severance agreement, Jaffe will get 1.5 times his salary; a prorated bonus; accelerated vesting of stock options and restricted stock; and financial help of up to a fifth his salary to get a new job.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
Whether Apple will release a new iPad next month doesn't seem to be the question as much as what day it will happen. A new rumor has it down to the day.
Tommy Jordan, the man who shot his daughter's laptop for YouTube, gets a visit from police and child protection services. Oh, and Good Morning America.
Along with green-lighting Google's buy of Motorola, the Justice Department today OKs an Apple-Microsoft-RIM partnership deal to buy Nortel patents, and Apple's plan to acquire Novell patents.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
"Never Stop Playing" campaign for upcoming portable marks Sony's largest platform launch marketing spend, with ads to reach YouTube, Facebook, TV, and billboards in major cities.
As UC Berkeley students, the co-founders of "Back to the Roots" discovered they could grow mushrooms using recycled coffee grounds. Now their mushroom kit sells at grocery stores across the country.
