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Cadence Design Systems Inc. Message Board

  • vulcan_grippe vulcan_grippe Oct 16, 2008 1:39 PM Flag

    Which products are going to be canned ?

    Anyone know which products Cadence is going to put in the dustbin ? Cooley shared some interesting numbers that show that resignations could save 27M though we'll have to see how big their exit packages are before we see any savings. Betting that all 2nd and 3rd string products will either be sold off or ix-nayed.

    This morning at Cadence, by "mutual agreement", the following bigwigs
    "resigned":

    Bigwig Title 2007 Compensation
    -------------- --------------- ------------------
    Michael Fister CEO & President $ 13,509,651
    Kevin Bushby Exec VP for Field $ 3,858,759
    James Miller Exec VP for Products $ 3,604,634
    William Porter CFO $ 3,793,860
    R.L. Smith McKeithen General Counsel $ 2,068,400

    Total: $ 26,835,304

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