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Friday, 11 March 2011 10:32

AMD boss got $17.5 million last year

Written by Nick Farell
amd

All that and told to go away
Chipmaker AMD give its former Chief Executive Derrick Meyer $17.5 million when he exited the outfit in 2010.
Investors were somewhat shocked in early January when AMD announced Meyer was stepping down immediately. The move was sparked because the Board was not convinced Meyer had a cohesive strategy for expanding its new semiconductor markets, including devices for tablet computers.

However it looks like leaving was a jolly good move.  Meyer's total 2010 compensation was 22 per cent higher than a year ago at $5.5 million. This was because the vesting of Meyer's stock options and other items was accelerated due to his resignation.

In addition to this Meyer was given a $12 million separation payment. Thomas Seifert, AMD's chief financial officer and interim chief executive, only received total compensation of $3.4 million in 2010, nearly twice as much as his 2009 compensation.

Sheesh if AMD wants me to go away and never bother them I can do it for a lot less than Meyer charged.


Nick Farell

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Comments  

 
+40 #1 Shadow187 2011-03-11 11:59
Sucks hearing things like "Person X was paid only 3.75 million". That's more money than 95% of Americans will ever make in their and their parent's lifetimes.
 
 
+7 #2 Alterecho 2011-03-11 13:27
I'll act like an editor and a smarty and point out the first line reads 'derrick' instead of dirk :D

Was that the oil type or the assault type from gears 2 or was it really a typo?

The man seemed/appeared capable though.
 
 
+11 #3 sidje 2011-03-11 14:58
Quoting Alterecho:
I'll act like an editor and a smarty and point out the first line reads 'derrick' instead of dirk :D

Was that the oil type or the assault type from gears 2 or was it really a typo?

The man seemed/appeared capable though.








Derrick R. "Dirk" Meyer (born November 24, 1961) was a former Chief Executive Officer of Advanced Micro Devices, serving in the position since July 18, 2008 and resigning on January 10, 2011
 
 
+15 #4 Super XP 2011-03-11 17:03
Heck, even $1 to $2 million is more than enough for goodness sakes. Anyway I think AMD is going to regret pushing Dirk Meyer out of the CEO chair and out of AMD completely.
He stuck with the businesses basic core strengths and made them stronger competitively while still making good profit. Dirk Meyer brought AMD back into the light. We can thank him for the Bulldozer Architecture among a few others when he served AMD as CTO back in the day.

AMD’s past CEO Hector Ruiz was positioning AMD for failure. The only really good think Hector Ruiz did for AMD IMO is buy out ATI. He wasn’t even responsible for the Hammer Design back in the day that was under CTO Dirk Meyer’s watch.
 
 
+10 #5 GrumpyOldMan 2011-03-11 17:34
Quoting Shadow187:
Sucks hearing things like "Person X was paid only 3.75 million". That's more money than 95% of Americans will ever make in their and their parent's lifetimes.


Quoting Michael Moore:

"400 individuals in the US own more than 50% of all households combined"

Huge disparity.
 
 
+7 #6 gangsta072 2011-03-11 17:45
Dirk has worked for decades for AMD and has well deserved those few bugs , compared to other manager his Fine aint that huge at all . A sad news - i feel like those who put him there are making the same mistake just like with Hector Ruize , but this time the other way around....
 
 
+3 #7 gangsta072 2011-03-11 17:48
Any way AMD did not got involved with those
Investors to make Toaster , but Dreams come true , and many people worked their ass off to make that happen .
 
 
+11 #8 redisnidma 2011-03-11 18:54
This company is in dire need of resources and on the other side you have bureaucrats leeching the company in this way???

This just makes me sick.
I'll say it once again: AMD has great engineers and great products (except for K10), but their management SUCKS!!!! :-x
 
 
+10 #9 Super XP 2011-03-11 18:58
Well now that Dirk is gone, yes I agree AMD's board of directors suck...
Quoting redisnidma:
This company is in dire need of resources and on the other side you have bureaucrats leeching the company in this way???

This just makes me sick.
I'll say it once again: AMD has great engineers and great products (except for K10), but their management SUCKS!!!! :-x
 
 
+6 #10 genetix 2011-03-12 00:46
Quoting Super XP:
Well now that Dirk is gone, yes I agree AMD's board of directors suck...
Quoting redisnidma:
This company is in dire need of resources and on the other side you have bureaucrats leeching the company in this way???

This just makes me sick.
I'll say it once again: AMD has great engineers and great products (except for K10), but their management SUCKS!!!! :-x


+1

and these are the things that makes us see on marketing we see today from AMD. It's fun to say something simply 'sucks', but I have to agree here. It ain't enough that 1 side is good while the deciding side blows it over.
 

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