“For a minimum of two months earlier than resigning from the corporate, on the similar time he was working with senior management to form VMware’s key strategic imaginative and prescient and route, Mr. Ramaswami additionally was secretly assembly with a minimum of the CEO, CFO, and apparently your complete Board of Administrators of Nutanix, Inc. to turn into Nutanix’s Chief Government Officer,” VMware advised the media in an announcement.
In its defence, Nutanix CEO stated that he’ll struggle the allegations in court docket and in an announcement stated, “It’s disappointing to see VMware’s administration sue him simply because he selected to pursue a possibility to turn into a public firm CEO.” However VMware feels in any other case and thinks that it’s a clear case of battle of curiosity. It additionally stated that earlier than initiating authorized motion, VMware tried to have a look at an amicable answer which Ramaswami and Nutanix refused to take part in.
“Mr. Ramaswami demonstrated poor judgement and had a transparent and prolonged interval of battle of curiosity. He ought to have disclosed this battle of curiosity to VMware in order that the corporate might have taken steps to guard itself. However he didn’t notify VMware, and thus disadvantaged the corporate of the flexibility to take action by concealing his Nutanix-related actions,” added VMware.
