Thank you for sharing this! I actually was naive enough to believe that WD would continue to let HGST operate as a seperate entity.
There is probably some good news in the article though, for what it's worth: "At that time John Cyne ran WD. He since retired, with HGST bss Steve Milligan taking on his job." ... "In other news Western Digital has announced a new executive management team, and it looks almost like HGST executed a reverse take-over of Western Digital." ... "A person who was close to the corporate action in Western Digital and HGST said: 'All key positions are with HGST people; it's a reverse buyout. First HGST took Coyne's money to buy themselves (probably with a clause that Milligan is becoming CEO) and then they watched WD dismantling itself.'"
There is probably some good news in the article though, for what it's worth: "At that time John Cyne ran WD. He since retired, with HGST bss Steve Milligan taking on his job." ... "In other news Western Digital has announced a new executive management team, and it looks almost like HGST executed a reverse take-over of Western Digital." ... "A person who was close to the corporate action in Western Digital and HGST said: 'All key positions are with HGST people; it's a reverse buyout. First HGST took Coyne's money to buy themselves (probably with a clause that Milligan is becoming CEO) and then they watched WD dismantling itself.'"