Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 11 March 2011 10:32

AMD boss got $17.5 million last year

Written by Nick Farell
amd

All that and told to go away
Chipmaker AMD give its former Chief Executive Derrick Meyer $17.5 million when he exited the outfit in 2010.
Investors were somewhat shocked in early January when AMD announced Meyer was stepping down immediately. The move was sparked because the Board was not convinced Meyer had a cohesive strategy for expanding its new semiconductor markets, including devices for tablet computers.

However it looks like leaving was a jolly good move.  Meyer's total 2010 compensation was 22 per cent higher than a year ago at $5.5 million. This was because the vesting of Meyer's stock options and other items was accelerated due to his resignation.

In addition to this Meyer was given a $12 million separation payment. Thomas Seifert, AMD's chief financial officer and interim chief executive, only received total compensation of $3.4 million in 2010, nearly twice as much as his 2009 compensation.

Sheesh if AMD wants me to go away and never bother them I can do it for a lot less than Meyer charged.


Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments