EMC and VMWare confirm executive trades

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Data center giant EMC Corp. and software company VMWare Inc. confirmed late Tuesday that the closely linked companies are trading some of their top executives as part of a broader business strategy.

EMC holds a majority stake in VMWare, and the technologies of the two companies are often closely tied. The announcement follows reports that built throughout the day suggesting that EMC was moving a key leader to VMWare as training grounds for its next CEO.

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