While the ranks of Palm are filling with more and more former Apple folk, with CEO Jon Rubinstein at the top, investment firm Elevation Partners is also busy picking up Apple people. While Elevation Partners isn’t in direct control of Palm, they do own 1/3 of the company and have invested a few hundred million dollars into Palm. Adding to Elevation’s board is former Apple chief software engineer Avie Tevanian. While at Apple, Tevanian was the head of Mac OS X development. Despite his pedigree, we aren’t expecting too much from Tevanian as far as Palm is concerned, as when he comes to Elevation he’ll be a managing director in charge of seeking out new investment opportunities for the firm.
[via: CNET]