Roopinder at tenlinks.com dug out an interesting article in the Boston Business Journal. Apparently, PTC has been through a “change-in-control policy” that stumps up serious cash to the executives running the company if it is ever sold. we’re talking a share of $1.9 million. what’s also interesting is that this is a 10 percent increase in the $18 million already promised to those executives.
In specifics, it seems that the payments would go to CEO C Richard “Dick” Harrrison, CFO Cornelius “Neil” Moses III, Chief Product Officer Jim Heppelman and two other EVPs. Harrison alone would net over $15 million.
But what really amazed me was that someone would have the name Cornelius and not use it.
Related articles:
NEWS: Fujitsu shrinks down VR workstations with new desktop and mobile models
Link3D releases tools to further optimise Additive Manufacturing workflows
MiniWAAM offers new entry point for DED metals AM
The glTF ecosystem adds further PBR realism for web renders
Teradici offers free 30-day trial of Workstation Access Software
PTC and Stratasys join up for 'seamless design to 3D print' in PTC Creo 3
*Updated* Two of Siemens PLM's key UK resellers combine forces
Autodesk Fusion 360 is go