Symantec saves a lot of dead presidents by tossing two live ones

Symantec saves a lot of dead presidents by tossing two live onesGroup presidents Thomas Kendra and Greg Butterfield are out at Symantec, according an SEC filing. Kendra joined the company four years ago and earned $4.2 million last year. Almost half of that came as the last payment in a 2006 signing bonus, a detail perhaps indicating poor foresight on the part of CEO John Thompson.

Butterfield came with Symantec's Altiris acquisition in April 2007. Back in December 2006, Butterfield said he planned to turn Altiris into the next IBM, HP, CA and BMC. But then came Symantec's offer. By November 2007, word leaked the company was planning mass layoffs after U.S. sales continued to sink.