New AMD CEO Gets $1 Million Base Salary
AMD revealed that it will paying its new CEO Rory Read a base salary of $1 million, the highest base salary for an AMD CEO in the company's history.
Read's predecessors Dirk Meyer and Hector Ruiz had a base of $950,000 each, plus the usual bonuses. Jerry Sanders left the daily business of AMD in 2002 with a salary of $916,000 (but may have earned more during certain years - for example, he reportedly earned $1.04 million in 1996, which may have included some bonuses).
Read also received a $1 million sign-on bonus, half of which he has to repay if he leaves AMD within the next 2 years. He is eligible for up to 150 percent bonus of his base salary as well as the common incentive programs. During a conference call with media and analysts, Read mentioned that the pay was not the reason why he is joining AMD, but rather the "exciting" opportunity. Referring to his salary, he noted that he held a great job before AMD at Lenovo as president and COO. However, we believe that the pay isn't a downside of this job either.
Read more about Read's hiring here.
- Business,
- Hardware,
- AMD,
- rory-read ,
- ceo ,
- base-salary ,
- compensation
- VIDEO: New RAGE Game Clip Focuses on Gearheads
- GameStop Pulls PC Version of Deus Ex: HR Off Shelves
- Tim Cook to Staff: Apple is Not Going to Change
- AMD Names a New CEO & President
- Channel 4's On-demand Service to Relaunch Next Week
- Travelodge Customers Can Now Surf for Free
- Samsung to Launch Three Professional LCD Displays
- 1TB "Modern Art" HDD Houses $5M in Pirated Software
- EA's Origin Sends Personal Data to Third Parties
- Report: Google to Announce Google TV for UK Today
- Sandy Bridge-E: 17 New Xeon CPUs for Q4
- Crucial Releases New (20% Faster) m4 SSD Firmware
- Steve Jobs' Salary Was $1, But What About Tim Cook?
- Microsoft Shows Off New Quad-core Tablet
- The Razer Blade is a Stunning New 17" Gaming Laptop
- Microsoft Making File Copying Better in Windows 8
- BT to Raise Prices of Landline Calls and Line Rentals
- Acer Says Tablet Fever is Already Cooling Down
All these CEOs are getting richer by the day,not that I'm jealous though. I just think that their companies wealth and rock solid foundations should be there first. Also that the scientitst and associated staff should get more pay first since it is them that make AMD and not the CEO and the likes.