The server and software company disclosed the option and stock grants in regulatory filings Monday.
It's not the first time Sun has awarded restricted stock, but previously Sun has done so only "in limited circumstances," spokeswoman Stephanie Von Allmen said. With the new accounting rules, restricted stock no longer is more expensive than options.
McNealy got 1,354,000 shares of restricted stock, while President Jonathan Schwartz got 432,000 shares, Sun said. The two also got options to buy 900,000 shares each at a price of $3.85 per share, with the options vesting over a five-year period.
The company didn't try hard enough to stop a 10-year incursion by hackers likely working from China, says a former Nortel exec cited by the Wall Street Journal.
Google creates an animated doodle that features a boy, a girl, Google's search engine, and a jump rope. But might there be darker, more analytical, more troubling interpretations to this tale?
When the sun goes down, that's when the iPad gets busy for folks with news readers. The iPhone? It's more of a daytime habit. If you're building an app for both devices, heed the lesson.
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.
