Lisa Su is now CEO of AMD

[Rvenger]

Again, Rory Read had experience as a CEO, Lisa Su does not. Yes, she has the credentials but that doesn't automatically merit CEO pay. If she gives AMD a few good quarters of actual results, I bet that pay will increase.

 

[Ajay]

Geez, in the middle of all of this, I basically forgot that CEO is pretty much capped at $1M US by IRS rules. Salaries above that are not able to be deducted by companies from their tax bill. Fear not, for tax lawyers have saved the day, due to a loop hole in the law, incentive pay isn't counted (and yet, it is fully tax deductible ) :sneaky:

 

[NostaSeronx]

Of all the Vice Presidents, Lisa Su was paid the most and rewarded the most.

 

[ShintaiDK]

http://ir.amd.com/phoenix.zhtml?c=74093&p=irol-newsArticle&ID=1978751

So numbers are up.

Computing and graphics is still bleeding. 7% layoffs coming.

 

[mrmt]

An investor has sued AMD for Su's compensation package. I can't really believe AMD would make such an amateurish mistake. Let's see how the things evolve here. In any case, this is a mostly unwelcome distraction.

http://www.bloomberg.com/news/2014-...older-sues-over-new-ceo-s-stock-grant-1-.html

An Advanced Micro Devices Inc. (AMD) investor accused company directors of violating an executive-compensation plan by giving new Chief Executive Officer Lisa Su more than 6 million shares as part of her pay package.

Su, tapped to run the troubled computer chipmaker last month, was awarded more than 6.4 million AMD shares in violation of the company’s pay plan, which limits such awards to 3 million shares per year, shareholder Thuan Hong said today in a Delaware Chancery Court lawsuit.

Su, an engineer, is being paid $850,000 plus a bonus that may be worth as much as 150 percent of her base pay to replace Rory Read as AMD’s top executive, according to an Oct. 14 filing with the U.S. Securities and Exchange Commission. Su’s stock grant is worth about $5 million, AMD officials said in the filing.

 

[ShintaiDK]

Thats one bad start...

 

[Tsavo]

Thats one bad start...

Nothing really more to expect from AMD.

 

[mrmt]

Looks like they indeed made such an amateurish mistake. One really has to wonder about the quality of the people left to manage the company when things like that happen.

http://www.bloomberg.com/news/2014-12-29/amd-rescinds-ceo-su-s-options-awards-after-shareholder-lawsuit.html


Advanced Micro Devices Inc. (AMD) rescinded stock awards valued at about $4.65 million from new Chief Executive Officer Lisa Su, in another executive compensation wrinkle.

AMD said in a filing today that it’s canceling about 1.76 million restricted stock awards to Su that were made in August and October. The company said it was responding to a shareholder suit that argued AMD had exceeded calendar-year limits on the number of equity grants it can make to executives when it promoted her. The Sunnyvale, California-based company intends to redress the voided stock awards “at or near the earliest practical opportunity,” the filing said.

“Rather than litigate this technical issue, the company believes resolving this technicality quickly is a better solution,” the filing said.

(...)

 

[ShintaiDK]

I wonder how they will compensate her for that loss.

 

[mrmt]

I wonder how they will compensate her for that loss.

Reissue the bonus as soon as technically possible.

 

[TurtleCrusher]

Reading through this thread really exposes who is a shareholder of company x or y. When money clearly influences your perception, your advice and opinions are invalid. No wonder why some go to extreme extents, even fabrication, to try to gain influence that fits their interest.

 

[ShintaiDK]

Reading through this thread really exposes who is a shareholder of company x or y. When money clearly influences your perception, your advice and opinions are invalid. No wonder why some go to extreme extents, even fabrication, to try to gain influence that fits their interest.

Just sell your AMD stocks, then you can act freely again

 

[TurtleCrusher]

Just sell your AMD stocks, then you can act freely again

You do realize you're talking to an electrician that belongs to a union that relies on Intel for thousands of jobs here in Oregon, right? If anything the success of Intel has far more to do with my livelihood and those around me than almost any stockholder, yet I keep an open mind about what is better, short or long term. If they weren't building fabs out here, I'd be working in a different field.

 

[mrmt]

You do realize you're talking to an electrician that belongs to a union that relies on Intel for thousands of jobs here in Oregon, right? If anything the success of Intel has far more to do with my livelihood and those around me than almost any stockholder, yet I keep an open mind about what is better, short or long term. If they weren't building fabs out here, I'd be working in a different field.

If money has influence in an opinion, having its job tied to an organization that is an enemy of business is what, neutrality?