AMD Denies Ruiz Raise

[HardOCP News]

There was a bit of an internet uprising earlier over the supposed raise given to AMD’s head honcho Hector Ruiz. Well, there has been an update to the article and apparently it was all just a big misunderstanding.

It turns out that a senior member of AMD's public relations staff erred when confirming Thursday afternoon--prior to publishing this report--that Hector was given a raise this week. The raise in question actually came last year, and the $1,046,358 in the proxy statement reflected that Hector spent part of 2006 making $950,000, and part of 2006 making $1,124,000. Hector's annual salary rate has changed slightly since then, but by just $24,000 or so to reflect a different accounting treatment of a car expense.

 

[greenman]

..Does this explain why ATI is failing?

 

[Azhar]

"by just $24,000 or so"

Hell I would love to see my salary raised "by just $24,000 or so."

 

[MacDad]

"by just $24,000 or so"

Hell I would love to see my salary raised "by just $24,000 or so."

Seriously. And that's apparently just a car expense. This man spends a year of my salary on a single "car expense".

 

[Big D.]

Seriously. And that's apparently just a car expense. This man spends a year of my salary on a single "car expense".

Ditto.

Son of a gun he makes a lot of money. Damn if they gave these people normal salaries AMD would have been imensely profitable years ago.

 

[nobody_here]

reminds me of a discussion i had with a man today on the plane....Walmart GM's making $100,000+ yr salary + bonuses which can be $250,000 yr easily.....and you wonder why they treated my wife and other "associates" so poorly paying them peanuts and keeping their hours worked way down....

so many companies are so top heavy......this isn't really news IMO, news would be that Hector is taking a pay cut because of the performance of the company as a whole, which he is directly responsible for, that would be news

 

[stoney_titan]

I wish I could embed the Hindenburg disaster video commentary in every thread concerning AMD/ATI. I hope to god someone makes serious changes. I loved my x800gto and 3200+ AMD Athlon system. Please make a high end flagship chip DAAMIT!

 

[tvdang7]

im sure they has to be some sort of a reason they get paid alot. if i had my own company i def wouldnt pay them super high. but 1 mill a year? dang he must really be working hard or something.

 

[djBon2112]

...and WHY is this guy still in control of the company? They obviously need fresh blood, and LOTS of it.

 

[Manny Calavera]

"by just $24,000 or so"

Hell I would love to see my salary raised "by just $24,000 or so."

Really,I too would love to get a raise of even 24k for screwing up and helping to take down the second largest CPU manufacturer in the world.


Where do I sign up ?


Is it just me,or is he still making more money now,then he did last year at this time ?

 

[w1retap]

A base salary of $1M isn't really outrageous for a CEO of a company, compared to many other companies.

But why be so critical in limiting the successful? That would be pretty lame if once you reached a certain income level that you had your wages garnished or your salary capped, or you were taxed to death.

Just because a company is in a slump at a certain point in time doesn't mean someone should be fired or have their wages criticized. The public perception of an individual does not always merit the according action that is wished upon them. Nearly all your CEO's aren't dumb enough to drag a company down to nothing, thus extinguishing their own revenue. They want the company to grow so they can become even wealthier.

 

[Azhar]

A base salary of $1M isn't really outrageous for a CEO of a company, compared to many other companies.

But why be so critical in limiting the successful? That would be pretty lame if once you reached a certain income level that you had your wages garnished or your salary capped, or you were taxed to death.

Just because a company is in a slump at a certain point in time doesn't mean someone should be fired or have their wages criticized. The public perception of an individual does not always merit the according action that is wished upon them. Nearly all your CEO's aren't dumb enough to drag a company down to nothing, thus extinguishing their own revenue. They want the company to grow so they can become even wealthier.

I don't think we were criticizing his salary, leastwise I wasn't. I was just making an observation on how casually they shrug off a great deal of money like it was nothing

 

[Nemesis999]

I don't think we were criticizing his salary, leastwise I wasn't. I was just making an observation on how casually they shrug off a great deal of money like it was nothing

Probably because it is nothing?

Multiply the number of people in a salary range by the salary. The CEO is very inexpensive compared to the people that work under them.

$24k is pocket change for a company that deals with billions.

 

[Azhar]

Probably because it is nothing?

Multiply the number of people in a salary range by the salary. The CEO is very inexpensive compared to the people that work under them.

$24k is pocket change for a company that deals with billions.

No shit sherlock. You know that. I know that. But our wallet does not.

$24,000 is a buttload of money for us. I wasn't talking about him.

 

[w1retap]

If you play your cards right in a capitalist society, you can end up with the figures he earns too.

You need Bruce A. Berman's book, lulz.

But for real.. start investing in a roth IRA or something. If you start at age 20 investing 20% of your paychecks, you'll have over a million dollars to play with by the time you retire. And that is on the least aggressive investment plans.