No Reason Offered for Unisys Server Chief Departure
February 11, 2010
Server sales, with a refreshed ClearPath mainframe line, helped Unisys to swing to a $114.5m profit from a $58m loss a year ago. As pointed out on The Register, this kind of performance would normally produce a bonus, not the boot.
"So, you would think that Marcello would be getting a bonus, not the boot. But it could very well be that the upswing in ClearPath sales is masking other development or sales and marketing problems with the x64 product line. Or Marcello, who has been in the systems business for decades, may have a fundamental disagreement with Ed Coleman, the Unisys chief executive officer who was brought in from Gateway to turn the company around (and who has arguably done a pretty good job despite the tough economic circumstances), about how to move the Unisys systems business forward.
"Under the agreement that Marcello inked with his former employer, he gets outplacement services through August 31 and will be paid through that term. If Marcello gets employment elsewhere, he gets the remainder of the pay owed him in a lump sum, according to the SEC documents."