I have been buying INTC through the DRIP plan(perhaps I am the read DRIP)....not really sure why I am buying, as it seems the only ones who are getting rewarded are those at the top:
Intel CEO Gains $10.7 Million on Options
Tuesday March 29, 11:04 am ET
Intel CEO Barrett Gains $10.7 Million From Exercising 384,000 Stock Options, Filing Shows
WASHINGTON (AP) -- The top executive of Intel Corp., the world's largest maker of semiconductors, realized a profit of about $10.7 million from exercising 384,000 stock options last year, according to a regulatory filing Tuesday.
According to the proxy statement filed with the Securities and Exchange Commission, Chief Executive Craig R. Barrett received 2004 total compensation, excluding option grants and exercises, of roughly $2.6 million. That compared with total compensation of $2.26 million for 2003.
Barrett's 2004 compensation included a bonus award totaling around $1.84 million and a $610,000 salary, which is flat with the salary paid in the last two years, the filing said.
In addition, Intel, which is headquartered in Santa Clara, Calif., awarded the CEO 350,000 stock options for 2004.
Intel had revenue of $34.21 billion last year. In morning trading, its shares inched up 6 cents to $23.34 on the Nasdaq Stock Market. The stock fell 28 percent last year. |
