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Finally. Yeah, you'd really like to keep Ruiz around for his business wizardry. LOL
Glassdoor FTW
New CEO, end of acquisition charges, new GPU line up, new PUMA mobile platform, probably new southbridge and 45nm Deneb soon. Hopefully AMD can have a new start.
But he's no longer in charge of the company (unless Meyer is a puppet), and the compensation is pretty mediocre. He will make less per year now than he made per *week* as CEO:You guys do realize hes still on the board of directors for AMD? He isn't out the door yet, he still gets a paycheck from AMD.
Perks and power
Unlike some other businesses, AMD does not require its board members to own any company stock. However, each director owns at least 10,000 shares of common stock, and all but recent addition John Caldwell have tens of thousands of unexercised stock options. Caldwell, who joined the board as part of the ATI merger last fall, likely won't ever be granted any options, because future share-based compensation will be in the form of restricted shares only.
Each independent director was paid a base salary of $65,000 for his or her service in 2006. On top of that, the committee leaders got $10,000 extra, or $20,000 for Eberhart, as chairman of the audit committee, and Palmer, the lead independent director.
To qualify for these salaries, the board members must attend 75% of their scheduled meetings. That's not as hard as it sounds, even if the board is spread across the nation: Not only do the bylaws allow meetings to happen anywhere the board chooses, but Delaware corporate law (that's where AMD is incorporated) allows boards to meet by teleconference.
Finally. Yeah, you'd really like to keep Ruiz around for his business wizardry. LOL
Glassdoor FTW
Hector "the dissector" also made a mess at Motorola, so don't give him too much credit.