Tibco Millionaires Hit The Road After Payout From Reuters
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Over two years into its acquisition by Reuters, Tibco (see Teknekron Software Systems) is still feeling the repercussions. Indra Mohan, one of the vendor's original programmers, and Mark Lobene, its erstwhile head of sales and marketing, have decamped following December 1995's payout of a stock appreciation rights deal. The payout deal was negotiated back in January 1994, when Reuters picked up Tibco for $125 million. Meanwhile, Brad Rhode, Tibco's ex-head of development, has taken a leave of
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