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.
Monday, 05 October 2009 12:38

Jensen earns $1 until things get better

Written by Fuad Abazovic

Image

Cost reduction package


We've
learned that Nvidia's top management, including CEO Jensen Huang have decided to to receive salaries of only $1 (one US dollar) until the financial situation gets better. This is a part of cost reduction package that should help Nvidia get through the bad economical times.

Jensen didn't want to start firing people and claimed that they even hired a lot of engineers as the level of innovation in economy downturn has to grow and since Nvidia wants to earn more money in some emerging markets, they simply had to hire more.

Nvidia staff also got a small salary cut but we've learned that as of this month, the cuts are gone. Nvidia also plans to stop paying bonuses to top guys, until things gets better. This is how Nvidia fights with the economic crisis and this sure is better than letting people go in bad times.

Still, in spite of the fact that Jensen gets only $1 a year I would gladly swap salaries with him, as long as he swaps his stock options as well.
Last modified on Monday, 05 October 2009 13:42

Fuad Abazovic

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