SCO Names New CFO

By Steven Vaughan-Nichols  |  Posted 2004-04-26 Print this article Print

The SCO Group has hired Bert Young as its new chief financial officer.

The SCO Group announced last week that it has hired Bert Young as its new chief financial officer. SCO is not saying whether the move is connected to BayStar Capital Managements attempt to pull its investment in SCO.

On April 15, SCO executives said BayStar Capital was seeking to redeem its 20,000 shares of SCOs series A-1 convertible preferred stock.

BayStar alleges that SCO breached sections of a February financing agreement among SCO, BayStar and the Royal Bank of Canada. BayStar invested $20 million in SCO.

Prior to this move, it was found that Microsoft lobbied BayStar to invest in SCO.

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Steven J. Vaughan-Nichols is editor at large for Ziff Davis Enterprise. Prior to becoming a technology journalist, Vaughan-Nichols worked at NASA and the Department of Defense on numerous major technological projects. Since then, he's focused on covering the technology and business issues that make a real difference to the people in the industry.

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