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May 29, 2018 · Luddy wasn't charged with any wrongdoing in the criminal case, and his $35 million stake vanished overnight.
Sep 23, 2020 · But founder Fred Luddy either seems to have missed the memo or is not quite believing the hype. He has sold around $13.275m in ServiceNow stock this week, adding to the $12m he sold in July. It is difficult to speculate on why Luddy might be looking to divest his interest in the company he founded.
In 2004, bankrupt after the company where he’d previously worked had imploded, Fred Luddy decided to start over as a first-time founder at age 50. His vision was to reinvent the nascent IT software field for the cloud era.
Sep 23, 2020 · ServiceNow's unstoppable showman CEO, Bill McDermott, has been telling anyone who will listen that the business's "destiny" is "to become the defining enterprise software company of the 21st century". But founder Fred Luddy either seems to have missed the memo or is not quite believing the hype. He has sold around $13.275m in …. There was a ...
Jun 10, 2021 · This is what happened to Fred Luddy, founder and chairman of ServiceNow -- a 14,000- employee Santa Clara, California-based provider of business workflow software that leads the pack of 36...
- Peter Cohan
Mar 3, 2024 · Yet, it's unlikely that such setbacks occupy much of his thoughts nowadays. According to Forbes, Luddy's net worth now stands at an estimated $1.2 billion, underscoring the remarkable success of his second entrepreneurial endeavor. Truly, a remarkable achievement by any measure.
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Jul 13, 2017 · In a series of unfortunate events circled around a major accounting scandal at the enterprise software giant in 2002, Luddy’s stake in the company amounted to zero, compared to the estimated $35 million he held just a few years earlier at age 40.
