NetApp lays off 500, but CEO buys £2m jet

NetApp has laid off about 500 of its 8,000 employees, but chief executive Daniel Warmenhoven has just bought a £2.1 million jet.

Share

NetApp has laid off about 500 of its 8,000 employees, after announcing a $75 million (£53 million) net quarterly loss. But chief executive Daniel Warmenhoven has just bought a £2.1 million jet.

According to FAA records, Warmenhoven registered a Phenom 100 on 28 January. The plane, built by Brazilian company Embraer, seats four to six adults and typically sells for around $3 million (£2.1 million).

"The jet is privately owned and is not a NetApp corporate expense," said NetApp's director of corporate PR, Jodi Baumann. "Dan Warmenhoven purchased the jet 2 years ago as a personal expense. It was recently delivered to him due to a long wait list."

Warmenhoven makes an easy target in a downturn: His compensation last year was just shy of $6 million (£4.2 million), according to Forbes, including nearly a million in salary.

Find your next job with computerworld UK jobs

"Recommended For You"

NetApp touts Fusion-io partnership and server flash management NetApp to buy flash storage startup SolidFire for $870M