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How Much is Goldman's Code Worth?

December 6, 2010

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The trial of a former Goldman Sachs programmer accused of stealing source code to take to a competitor has begun in somewhat of a public spectacle. The Wall Street Journal unveiled some particularly interesting details. For example, the programmer was one of the highest paid in the company with a $400,000 annual salary, but competitor Teza Technologies offered him over $1 million in total pay including a $700,000 bonus. Greedy much? So how does the highest paid programmer of one of the largest investment banks in the world get a nearly three-fold salary hike by a much smaller competitor? Ok, ok, he's innocent until proven guilty, but if he is guilty, I would bet a good chunk of cash that the $1 million paycheck was the price the company was paying for Goldman's code. Here's the breakdown. He was offered $300,000 in salary, $700,000 in bonus and $150,000 in profit sharing. Here's my question to you - which portion of his pay do you think was (could be) the bribe and could the programmer have gotten more? How much is Goldman's source code worth? Personally I think he was drastically underpaid for the value of the code, but a clean million is plenty to motivate someone to steal data despite the actual value of the stolen property being much higher. Unfortunately this could be construed as a case of dealing with the symptom instead of the disease. Had a least privilege solution been instituted then he wouldn't have had the ability to misuse privilege and accomplish the theft at any price.

Scott Lang

Sr. Director, Product Marketing at BeyondTrust

Scott Lang has nearly 20 years of experience in technology product marketing, currently guiding the product marketing strategy for BeyondTrust’s privileged account management solutions and vulnerability management solutions. Prior to joining BeyondTrust, Scott was director of security solution marketing at Dell, formerly Quest Software, where he was responsible for global security campaigns, product marketing for identity and access management and Windows server management.

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