ultima_trev wrote:Then let's hope AMD lays off a few hundred people, starting at the very top with their senior executives.
I sure hope that 8.2 million isn't Rory Read's base salary. Even Steve Ballmer at Microsoft only had a base salary of around 650k. Yeah, they need to lay off Rory Read and give me the CEO position. I'll do it for only 200k/year.
Rory Read base is a cool 1 million, with 150% cache bonus, and I believe receives very large amount of stock grant and stock options as retention bonus.
The 150% cash bonus of 1.5 million is based on performance, and from what I can tell Rory Read always collected it, even when AMD had horrible quarters.
Now, if he makes $660,000 month while the company is running like a chicken with its head cut off... imagine how much those AMD guys are going to pay themselves when they recover in 2016.
He makes more in 48h then what most employee make at AMD in a year... And if AMD ever need to replace him ,his contract require a 5 million cash payment + other benefits.
I dont think any of the engineer that got fire got any of that nice gravy.