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Monday, 23 August 2010 10:57

One winner out of the Intel/McAfee buyout

Written by Nick Farell
mcafee_logo

This guy is so lucky he should buy a lottery ticket
One of the winners of last weeks Intel/ McAfee buy out is the security outfit's new chief financial officer Jonathan Chadwick. Two weeks before the buy out he was awarded some stock options as part of a lucrative compensation package.

Chadwick was given 97,000 performance-related stock options and 125,000 restricted stock options on 6 August. It was worth about $6.7million which is nothing to be sneezed at.

Now he has just seen those stock options increase in value by $4m following the firm’s takeover by Intel. His package is now valued at up to $10.7million and he has not really started work yet.

The shares are subject to a number of targets and stipulations, including his continued service for the firm. It is not sure if he will be continuing with the firm now but he should be laughing all the way to the bank.

Nick Farell

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