In today’s Bulldog wrapup of life science and technology news:
- Red Hat and SAP partner in the mobile cloud
- Microsoft’s CEO earns $84 million pay package
- LabCorp launches new HIV test
- North Carolina slips in a business climate survey
- Honda Aircraft keeps growing in the Triad.
- Red Hat-SAP Make a Deal
Red Hat is working with SAP to offer mobile database development and synchronization.
The move is Red Hat’s latest to embrace mobile applications geared to “cloud” computing. The mobile data “cartridge” enables SAP SQL Anywhere use.
Says Julio Tapia, director, OpenShift ecosystem at Red Hat: “Simply put, developers want technologies and solutions that help them do their jobs better, faster. Developing apps in OpenShift using the mobile data management cartridge for SAP SQL Anywhere lets developers do this, while taking advantage of key SAP database technologies and scaling to the needs of the application from small scale through enterprise-class.”
- $84M for Microsoft CEO
Microsoft has given its new CEO Satya Nadella a pay package worth $84.3 million, most of it in the form of long-term stock awards.
A regulatory document filed Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but most of the payments will be made over several years.
Microsoft said Nadella’s actual compensation for the company’s fiscal year 2014 is worth $11.6 million after excluding the long-term stock awards and a $13.5 million one-time retention award he received before his promotion to CEO.
Nadella was named CEO in February and is only the third chief executive in the company’s history.
The Redmond, Washington-based company said in the regulatory filing that it had to change its pay structure because its former CEOs, Bill Gates and Steve Ballmer, were not given stock awards. That was because they were already among Microsoft’s largest shareholders.
Nadella’s pay package includes a long-term performance-based stock award valued at $59.2 million. Nadella won’t receive any of that until 2019 and it will depend on the performance Microsoft’s stock relative to other companies in the Standard & Poor’s 500 index.
The Microsoft CEO made headlines earlier this month with remarks he made at a women-in-computing conference, where he suggested that women don’t need to ask for raises and should just trust that the system will pay them what they’re worth. The comment drew immediate criticism, although Nadella later said he was repeating advice that he’d been given in his own career.
He apologized and later announced in a companywide memo that all Microsoft Corp. workers will receive expanded training on how to foster an inclusive culture.
The Associated Press formula for executive compensation calculates an executive’s total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
- LabCorp’s New HIV Test
Global lab testing firm LabCorp on Monday announced a new lab test to detect HIV earlier in its development.
LabCorp and Monogram Biosciences, which is part of LabCorp’s specialty testing group, developed it.
“Advances in HIV drug therapy have allowed patients to achieve and maintain complete suppression of viral replication,” LabCorp announced. “Life-long treatment, however, is necessary to maintain viral suppression. Such treatment therapies often have adverse side effects, and as new, more simplified ARV drug regimens become available, patients may benefit from new therapies. Previous laboratory testing to guide ARV drug selection required higher viral loads than what many patients have, leaving clinicians without a reliable diagnostic tool to guide ongoing therapy choices. HIV GenoSure Archive is the first genotypic drug resistance assay specifically designed to reliably identify the HIV DNA compartment, and it provides physicians and other HIV care providers with critical diagnostic information to support individualized and updated therapies for patients with low or undetectable viral loads of HIV-1.”
- North Carolina Drops in Business Climate Survey
North Carolina fell to No. 3 from No. 2 in the Development Counsellors International survey of business executives.
The survey is conducted every three years. North Carolina had ranked No. 2 in the previous four.
Texas is No. 1 followed by Florida. North Carolina shared third with Georgia, according to The News & Observer.
- Honda Aircraft Growing in Triad
Honda Aircraft keeps growing at Piedmont Triad International Airport.
The Triad Business Journal reported Monday that the company has launched a $19 million, 74,000 square foot expansion project.
Honda Aircraft is now showing jets to potential customers and plans to begin sales early next year.
Its work force has climbed to 1,200 from 1,000 in May, the newspaper added.