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Hector gets 7% raise to over "one million dollars" in salary
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taltamir
Lifer
mmm... so he has a history of ruining companies eh? I guess I wasn't selling him short after all...
And if you think businessmen are gamblers that you don't know businessmen... they will take the SMALLEST risks who give the LARGEST rewards... not the LARGEST risks that give the SMALLEST rewards.
And if you think businessmen are gamblers that you don't know businessmen... they will take the SMALLEST risks who give the LARGEST rewards... not the LARGEST risks that give the SMALLEST rewards.
heyheybooboo
Diamond Member
Best I can tell he increased shareholder equity nearly 40% in four years as President at Motorola - I don't think that qualifies as ""a history of ruining companies eh?""
He has increased shareholder equity over 40% in his time at AMD. In spite of the competition with Chipzilla he has succeeded in expanding the AMD brand against overwhelming odds.
AMD has never really made money. No one is happy with the current debt load but it sure is easy for all the Armchair CEOs around here to criticize the guy - and fill this thread with a bunch of FUD.
If I was a betting man, I'd be betting you are an AMD boardmember heyheybooboo. Feeling a little heat and pressure to justify the exhorbinant compensation package Hector Ruinz is collecting while Intel's CEO makes even less? (check where Intel is in your own link provided above)
heyheybooboo
Diamond Member
Note to Poster: Change your nic to "Idontknow because you don't know.
I'm pretty sure that AMD is now worth less money than ATI was before they bought it. Is that your idea of effective leadership?
AMD's stock is below $9 right now. Within the past year, they traded around $20. That is a monolithic amount of money to lose!
Indeed, AMD has never been very profitable, but if they lose as much money in 2008 as they did in 2007, they will have nothing left.
taltamir
Lifer
increased shareholders equity? under what book? last I checked AMD was loosing money like crazy... Besides which, making some extra money NOW at the price of ruining the company is a bad thing... I don't care if he increased shareholder equity 1000%... AMD has only 2 competitive products right now, the 3850 and 3870... AND they are cutting down research a lot meaning they would be even MORE uncompetative next year... in other words... they are probably gonna go under. And instead of providing equity for years to come, end up disappearing.
heyheybooboo
Diamond Member
For the FUD-meisters and blind FanBoys:
Paul Otellini has received over $100 million in stock from Intel. If you bothered to click his name you would find that he currently owns nearly $15 million in Intel stock and that the stock's return during his tenure as CEO of Intel is minus 10%.
AMD stock is currently at the level it has historically performed and up 3% over 5 years. Ruiz has $4.7 million in stock - the majority of which was acquired during the 'run-up' in 05-06.
Any questions ???
Market Cap does not reflect the value of a company if that is to what your are refering. AMD didn't need a reduction in market cap to lose money in 2007 - and they will continue to lose money in 2008 - but if you would bother to review the latest 10-Q you would get a much better idea as to what are the current AMD operating losses.
If AMD's revenue is as much in 2008 as it was in 2007 they will return to profitability. Revenues should approach $6 billion in 2007. It may not be at the level of their historical margins but their gross profit should exceed $2.5 billion.
AMD has until 2012 to pay down their current debt - which is at 5.75%.
You clearly have not been paying attention to this thread, myocardia, and decided to contribute to the FUD without any historical reference. Note the facts:
AMD stock is currently at the level it has historically performed and up 3% over 5 years.
That would be a lie. AMD R&D in 2006 was $1.621 bil and over the past 12 months is $2.175 bil. And your use of the term 'competittive' is dubious, highly subjective and means nothing.
It's not my job to defend AMD but there continues to be an unbelievable amount of FUD flying around it this thread. You need to give it up.
Paul Otellini has received over $100 million in stock from Intel. If you bothered to click his name you would find that he currently owns nearly $15 million in Intel stock and that the stock's return during his tenure as CEO of Intel is minus 10%.
AMD stock is currently at the level it has historically performed and up 3% over 5 years. Ruiz has $4.7 million in stock - the majority of which was acquired during the 'run-up' in 05-06.
Any questions ???
Market Cap does not reflect the value of a company if that is to what your are refering. AMD didn't need a reduction in market cap to lose money in 2007 - and they will continue to lose money in 2008 - but if you would bother to review the latest 10-Q you would get a much better idea as to what are the current AMD operating losses.
If AMD's revenue is as much in 2008 as it was in 2007 they will return to profitability. Revenues should approach $6 billion in 2007. It may not be at the level of their historical margins but their gross profit should exceed $2.5 billion.
AMD has until 2012 to pay down their current debt - which is at 5.75%.
You clearly have not been paying attention to this thread, myocardia, and decided to contribute to the FUD without any historical reference. Note the facts:
AMD stock is currently at the level it has historically performed and up 3% over 5 years.
That would be a lie. AMD R&D in 2006 was $1.621 bil and over the past 12 months is $2.175 bil. And your use of the term 'competittive' is dubious, highly subjective and means nothing.
It's not my job to defend AMD but there continues to be an unbelievable amount of FUD flying around it this thread. You need to give it up.
The same deal kinda happened at my small town university.
Our president...sucks. But he is the only one they can actually count on to kinda get the job done and he provides a good front and stability to the university. Don't get me wrong, he is horrible and a true politician...but he is a lot better than the previous 4-5 presidents that went through here within like 8 years. So what happened? He got a huge raise this last year so we could keep him while the rest of the staff got shafted and make 20% less than their counterparts throughout the state.
Maybe the company needs Hector in ways we don't see? I imagine being a CEO is dang hard and you cannot expect him to be the sole reason the company does well or fails.
Our president...sucks. But he is the only one they can actually count on to kinda get the job done and he provides a good front and stability to the university. Don't get me wrong, he is horrible and a true politician...but he is a lot better than the previous 4-5 presidents that went through here within like 8 years. So what happened? He got a huge raise this last year so we could keep him while the rest of the staff got shafted and make 20% less than their counterparts throughout the state.
Maybe the company needs Hector in ways we don't see? I imagine being a CEO is dang hard and you cannot expect him to be the sole reason the company does well or fails.
trajan2050
Member
Amd' s stock is heading below 8.00 a share. It hasn't been that low since July 2003.
That is not a confirmation of great leadership.
That is not a confirmation of great leadership.
myocardia
Diamond Member
You're wanting facts? How about these facts? See all those negative numbers? That's a bad thing for companies. AMD's stock price has fallen more than 3% in the last 5 hours. Want some more facts? How about a -255% stock price, this year alone? Wishing you hadn't invested so much in them now, aren't you?😉
I agree, wholeheartedly. There has been since the Barcelona's weak launch, then it got alot worse after the Phenom's failed launch, and peaked after AMD announcing they were completely stopping shipping Barcelonas.
Well, the Inquirer has issued a correction to their original article, now saying the Hector did not get a raise:
http://www.theinquirer.net/gb/...17/amd-ruiz-didn-raise
Link is to AMD's K-8 dated 12 DEC 2007.
http://www.sec.gov/Archives/ed...19312507264822/d8k.htm
http://www.theinquirer.net/gb/...17/amd-ruiz-didn-raise
Link is to AMD's K-8 dated 12 DEC 2007.
http://www.sec.gov/Archives/ed...19312507264822/d8k.htm
Again I will refer you to the very link you posted: http://www.forbes.com/lists/20...iconductors_9Rank.html
Ruiz past annual compensation package = $14M...Forbes compensation ranking = 133
Otellini past annual compensation package = $5.04M...Forbes compensation ranking = 283
Forbes stated compensation ranking procedure:
I am not asking whether I am interpretting the published rankings correctly or whether they are even correct...but you linked to them and the facts they state are there for you to read as well as I.
Do you now dispute the very Forbes ranking report you started out trolling this thread with?
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