SiliconBeat

A proposal on the agenda of Symantec’s Sept. 23 annual meeting calls for lowering the threshold of how much an investor owns of the company’s stock in order to have the right to call for a special meeting. Rather than listing the name of the stockholder putting forth the proposal, along with the number of Read the rest of this entry »

Symantec’s chief executive, John Thompson, joined an exclusive group of Silicon Valley chief executives whose companies now use aircraft they own or control for business use, according to the company’s proxy filed with the SEC Monday.

In May, Symantec entered into a “”dry-lease agreement” for an aircraft with a company owned by Thompson, under which it will pay Read the rest of this entry »

Kris Hagerman, a former a division president in charge of Symantec’s data center management group, has been named interim chief executive at Canadian software maker Corel (despite the conspicuous U.S. flag next to its logo at the company’s Web site). Hagerman was most recently a senior advisor at Vector Capital, which owns 69 percent of Corel’s shares outstanding and which proposed the rest of Corel’s shares for $11 back in March.

Corel’s previous CEO, David Dobson told the company last month that he would be leaving “in order to accept a senior executive position at a Fortune 500 company.”

Corel sells packaged software for graphics and digital media, including WordPerfect. Remember it?

Symantec let it be known via an SEC filing that group presidents Thomas Kendra and Greg Butterfiled are “no longer serving in such capacity with Symantec effective as of February 20, 2008.” The moves are a result of the fact that Symantec “has realigned its enterprise product groups to improve collaboration across the organization.”

The remaining “line leaders” will report directly to Enrique Salem, who became Symantec’s chief operating officer last month.

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