Canopy does not control Trolltech - or do they?

Canopy does not control Trolltech - or do they?

Posted Nov 5, 2003 13:47 UTC (Wed) by walterbyrd (guest, #11620)
Parent article: Novell acquires SUSE

>>The Canopy Group owns only about 5% of Trolltech. That is far from "control". <<

Yarro, CEO of Canopy, sits on Trolltech's BOD, and trolltech won't get rid of him. I think canopy companies all own about 1.5% of each other. trolltech owns 1.5% of scox - and trolltech will not divest. Trolltech could tell canopy to sell off canopy's interest in trolltech; but trolltech won't do that either.

Canopy controls about 25 companies. If each of those companies has a 1.5% interest in trolltech, then canopy indirectly controls another 37.5% of trolltech. Add that 37.5% to other 5%, you get 42.5%. Then consider the very very strong incestrious relationships between all canopy companies - everybody sits on everybody else's BOD, everybody went to the same college, at about the same time, all these company are in the same area (often the same building, even the same office), and -of course- everybody goes to the same church.

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