AMD's CEO reached his maximum rewards already
Accoding to this SEC filing, the number of restricted shares Dr. Ruiz can receive during the 2005-2007 period for meeting his target is 95,000 shares, the maximum he can receive is 210,000 shares. Then, according to this SEC filing on March 16, 2006, Dr. Ruiz received 210,000 restricted shares. Other AMD execs received similar rewards. Remember these incentive plans are like contracts, you don't get rewards unless you satisfy the conditions, or you get class action lawsuits from your own share holders.
You ask me what this means?
The answer: 25-30%.
Here is another hint.
posted by Sharikou, Ph. D. @ 3/21/2006 04:37:00 PM
3 Comments:
someone is pumping up DELL's stock majorly.
i found this ad while surfing around.
http://img97.imageshack.us/img97/4336/dellstock2fx.jpg
If his compensation is truly based on market share, which I highly doubt, and he is topped out then the goal was to break 20% not 25-30. Why? Because AMD had low 20s market share in Q4 and comp plans aren't paid out on a partial Q1 where share is not yet known. Amd has had a great run and Hector has met all of his comp goals, but I think you are off the mark with your conclusion.
Pay attention, the incentive plan is for the 2006-2007 period. Since Intel reported 500 million revenue fall on March 2, 2006, the only logical conclusion is that AMD already reached its goal in the first two months of the year. I may have to revise my AMD 1Q06 revenue target up significantly from my current estimate of $1.7 billion.
Intel is done. 2Q06 Operating loss for Intel is not impossible.
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