Carl,
You'll be glad to hear (from the following article) that Intel is working to save money on it's compensation expense. Maybe eventually they will get around to the BOD options.
Intel Freezes Wages of 3,200 Irish Workers, Irish Times Says
By Gabrielle Monaghan
Dublin, Jan. 31 (Bloomberg) -- Intel Corp., the world's biggest maker of computer chips, froze the wages of its 3,200 workers in Ireland to help combat a continued slump in the technology industry, the Irish Times said, citing an unidentified spokeswoman.
Intel, which doesn't allow staff to negotiate wages collectively through trade unions, will save millions of euros from the move at a time when a new national wage agreement proposes an increase of 7 percent over 18 months, the paper said.
The California-based company must control its costs in Ireland to enable it to continue to invest in research and capital expenditure, the spokeswoman told the Irish Times.
Intel lost half its value in 2002 as sinking profits and doubts that the economy would recover caused businesses and consumers to curb personal-computer purchases.
(Irish Times 1-31 Business, pg. 1) |
