EMC Corporation

EMC CEO gets $9M pay package in 2009, down 23 percent from last year. The pay package last year for EMC Corp. CEO Joe Tucci was 23 percent lower than in 2008, a reflection of lower equity awards and cuts to the data-storage company's executive salaries.

EMC CEO gets $9M pay package in 2009, down 23 percent from last year. The Associated Press has found that EMC Corp. CEO Joe Tucci received a 2009 pay package of $9.0 million, which was 23 percent lower than the year before.

Limb of huge 'botnet' of virus-infected PCs is amputated, but criminals are reconnecting. The sudden takedown of an Internet provider thought to be helping spread one of the most promiscuous pieces of malicious software out there appears to have cut off criminals from potentially millions of personal computers under their control.

Richard Mitchell is off the ballot to fill the state Senate seat vacated by US Senator Scott Brown, but the Natick independent said he hopes to appeal the decision. One of Mitchell's signature pages for the special election May 11 did not include his street address. That page was disqualified, leaving him with fewer than the 300 signatures of registered voters necessary for his name to be placed on the ballot, according to Brian McNiff, spokesman for the secretary of state's office, which oversees elections. Mitchell announced his candidacy last week. Three other candidates have declared their intention to run for Brown's former seat. Certified signatures must be submitted to the state Elections Division by 5 p.m. today. Mitchell said yesterday that he was told by the secretary of state's office that his only recourse is to appeal the decision in court. He said he is exploring his options. McNiff said he did not know the details of the court appeals process for such a case or how long

Most see a group of accomplished chief executives and the companies they represent, many of the largest businesses in the state. Some know those executives as active members of civic organizations. Others look at the partnership and see a group of 13 white men and one woman. The demographics of the group that many think of as the ``new Vault'' aren't very different from those of the original Vault, a group of Boston business leaders who influenced local public policy decades ago. ``It's a great idea to have business people get together and do what they can to create jobs, so I'm all for it,'' said Kathleen Stone, president of the Boston Club, an organization for executive women. ``I do think that Boston would be even better served by a group of people that is more representative of the people who live and work here.'' So do other senior executives in Massachusetts who are women or minorities. But most interviewed on the subject declined to speak for the record, often citing business re

Security professionals are most likely to receive management buy-in when they customize their funding pleas around the needs of the business, a panel of experts said Tuesday at the RSA Conference.. Security professionals are most likely to receive management buy-in when they customize their funding pleas around the needs of the business, a panel of experts said Tuesday at the RSA Conference in San Francisco.The discussion, titled "Risk Management: The Next Evolution in Security," examined how effective risk management can translate into operational savings, which, in turn, can lead to executive support."You can't do risk management without translating risk into numbers," said James Routh, a consultant with Archer Technologies and former CISO at the Depository Trust and Clearing Corp. "All of risk management is about saving money. When you say you can save money, people listen. It resonates with them."Jeff Bardin, vice president and chief security officer of ITSolutions, a provider of t

The race to fill the state Senate seat vacated by new US Senator Scott Brown is shaping up to be a four-person contest. The latest candidate to raise his hand is Richard Mitchell, a 47-year-old computer engineer at EMC who moved from Sherborn to Natick in 2007. He said he is running to advocate for fathers' rights. ``I've gone through the family and probate court system and it's a compete mess and something has to be done about it,'' he said in a phone interview yesterday. ``That is the single reason why I'm running.'' He is a registered independent, and this is his first time seeking political office. Candidates who had previously announced are state Representative Lida Harkins, a Needham Democrat; state Representative Richard Ross, a Wrentham Republican; and Peter Smulowitz, a Needham physician and a Democrat who will face off against Harkins in the primary. Before yesterday's 5 p.m. deadline for submitting paperwork to local election authorities, all four candidates had filed voters

VMware to repurchase up to $400 million of shares, EMC to keep 80 percent stake. VMware Inc., which makes software used in corporate data centers, said Tuesday its board has approved a plan to repurchase up to $400 million of its Class A shares through the end of 2011.

The emergence of cloud technology presents IT practioners with a unique opportunity: The chance to build security in as opposed to bolting it on, Art Coviello said in a keynote Tuesday at the RSA Conference.. Security can and should be built into cloud computing infrastructures ? a change from the traditional model of bolting security on, an information security leader said during Tuesday's opening keynote of the 2010 RSA Conference in San Francisco.The challenges of compliance, data protection and risk management are compounded in virtual environments, said Art Coviello, executive vice president of EMC and president of the company's security division, RSA. But with collaboration, those in the information security community can build security into the cloud and ensure a level of protection that surpasses that of physical environments, he added. ?We can create an infrastructure that is more secure and enabling,? Coviello said. ?We can make the cloud inherently secure.?The journey into t

A group of chief executives from some of the biggest companies in Massachusetts has been meeting privately with state political leaders on ways to spur job development, a coordinated high-level business effort reminiscent of Boston's Vault organization that weighed in on public affairs decades ago. The executives, 14 in all, have formed the Massachusetts Competitive Partnership. They include Raytheon Co. CEO William Swanson, Liberty Mutual's Edmund Kelly, and Staples Inc. boss Ronald L. Sargent. The group has hired Dan O'Connell, the former state secretary of housing and economic development under Governor Deval Patrick, as its president. ``We believe there's been a dilution in the business voice in the Commonwealth,'' said the group's chairman and cofounder, John Fish, chief executive of Suffolk Construction Co. in Boston. ``We believe the business community can add tremendous value to government. When it comes to creating jobs, we can offer a healthy perspective.'' The group may have

VMWare buys EMC information technology management business for $200 million. VMware Inc. will acquire part of EMC Corp.'s Ionix information technology management business for $200 million in cash.

On Monday, tough new regulations to protect personal information collected from consumers will take effect in Massachusetts, and companies throughout the United States are scrambling to get ready. ``We get requests almost daily from New Jersey, Texas, California, pretty much everywhere in the country,'' said John McDonald, security evangelist for RSA, a division of Hopkinton data storage giant EMC Corp. that makes products used by businesses and governments to protect sensitive data. The new rules are meant to protect the loss or theft of confidential information about consumers, such as Social Security and credit card numbers. They were set to take effect in January, but implementation was delayed to give businesses more time to get ready. In recent years, confidential information regarding one out of six Massachusetts residents was compromised in data breaches that included hacker attacks on banks and companies that compile consumer data, such as retailer TJX Cos., headquartered in F

Stec shares plunge on 1Q sales warning, drop to be as much as 53 percent below Street estimate. Shares of Stec Inc. plunged Wednesday after the maker of data storage devices said first-quarter revenue would be as much as 53 percent lower than what Wall Street expected.

WASHINGTON (Reuters) - Giant U.S. technology company Intel Corp <INTC.O> is working with a range of venture capital firms to organize $3.5 billion in investment in promising technology, $200 million of which will come from Intel itself, Intel President Paul Otellini said on Tuesday.

As the Irish government's minister for trade and commerce, Billy Kelleher came to Boston last week because, in tough times, you rely on your friends. ``Boston is still the most Irish place in America,'' Kelleher said. But the green he was looking for wasn't sentimental. He was looking for new capital and markets for Irish companies that already employ 82,000 people in the United States, including 2,600 in Massachusetts. After the United Kingdom, the United States is the second-largest market for Irish exporters in an economy that exports 80 percent of what it produces. Once the poster child for the European Union, and regularly lauded as the most globalized economy in the world, Ireland has suffered an economic free-fall the last few years that has exposed the vulnerabilities of a relatively small market in the seas of a global recession. Ireland's unemployment rate has tripled in the last three years, nearing 13 percent. The housing bubble that fueled remarkable growth has burst. Irel

Even as it rebrands and upgrades its broadband products, Comcast Corp. is rolling out a new product that will allow subscribers to back up and share all of their data - pictures, files, video - on the Internet. Comcast Secure Backup & Share will be powered by Mozy, a subsidiary of EMC Corp., the giant data storage company headquartered in Hopkinton. It will allow Comcast's 16 million broadband customers to store their most precious data automatically on remote servers, as a defense against computer breakdowns or theft. Mozy already sells a popular consumer service that backs up unlimited amounts of data from home computers for $4.95 a month per machine. The Comcast service won't offer unlimited storage. Customers will get 50 gigabytes of storage for $4.99 a month, or 200 gigs for $9.99 a month. But Comcast will provide something extra by letting users share some files with friends, business colleagues, or family members over the Internet. A subscriber will be able to create personalize

Over the years, the Shields family and employees at their medical testing network have been dependable contributors to Democrats in Massachusetts. But Thursday night, they will host their second fund-raiser for Charles D. Baker, the Republican candidate for governor and former CEO of Harvard Pilgrim Health Care. It's one of many examples of how Baker, in his torrid fund-raising drive, has mined with extraordinary efficiency the health care industry he left last July to become a candidate. A Boston Globe analysis of contributor reports shows that in seven months Baker's campaign raised more than $122,000 in contributions tied directly to Harvard Pilgrim. This includes not only $43,000 in contributions from Harvard Pilgrim's employees, directors, and affiliated companies, but also a broad array of vendors: its accountants, auditing firm, advertising agency, information technology providers, and consultants. In total, Baker has raised at least $263,000 from employees of health-care provid

For a snapshot of what's happening in the economy, look no further than Wall Street. Over the past few weeks, most of the nation's leading corporations have reported earnings from the last quarter of 2009, and the picture emerging is one of broadly improving economic conditions. From technology to health care to consumer goods, companies are reporting not only better-than-expected profits, but the first year-over-year increases in sales and revenues since the fall of 2008. Revenues are better than profits as a gauge of expansion because businesses can maintain profits by slashing costs and jobs, even when revenues and the broader economy are shrinking, analysts said. The renewed growth in revenues indicates that consumers and businesses are spending again, after having pulled back during the worst of the economic crisis. Wall Street's earnings season isn't over yet, but combined revenues for companies in the Standard & Poor's 500 index are expected to have grown 8 percent in the last t

For a snapshot of what's happening in the economy, look no further than Wall Street. Over the past few weeks, most of the nation's leading corporations have reported earnings from the last quarter of 2009, and the picture emerging is one of broadly improving economic conditions. From technology to health care to consumer goods, companies are reporting not only better-than-expected profits, but the first year-over-year increases in sales and revenues since the fall of 2008. Revenues are better than profits as a gauge of expansion because businesses can maintain profits by slashing costs and jobs, even when revenues and the broader economy are shrinking, analysts said. The renewed growth in revenues indicates that consumers and businesses are spending again, after having pulled back during the worst of the economic crisis. Wall Street's earnings season isn't over yet, but combined revenues for companies in the Standard & Poor's 500 index are expected to have grown 8 percent in the last t

IRobot names Paul Sagan, chief executive of Akamai Technologies, to board of directors. IRobot Corp., which makes military robots and consumer home-cleaning robots such as the Roomba, said Wednesday it has added Paul Sagan, CEO of Akamai Technologies Inc., to its board.