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Technology Stocks : Intel Corporation (INTC)
INTC 37.43+3.2%12:13 PM EST
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To: GVTucker who wrote (180474)3/29/2005 4:22:43 PM
From: Saturn V  Read Replies (2) of 186894
 
Ref- For the same year, Craig Barrett's salary was $2.62mm. His bonus was $1.84mm, a full 70% of his salary. That is absurd for a year that should be considered a failure for Intel

Based upon financial metrics 2004 was one of Intel's best years. So the bonus compensation should obviously reflect that, since the bonus is determined before the year begins and is based upon sales and profit goals. And Intel did pretty well on that score. Barrets compensation was always relatively low compared to most US CEOs. Jerry Sanders would have extravagant compensation even in years when AMD was barely making it. But I agree that US CEO compensation is higher than it should be, particularly when compared to other countries like Japan etc. But given Intels last years financial performance, and average US CEO compensation, it is unfair to single out Barret.

However I am also a frustrated Intel stock holder. So the issue is market perception of Intel. Intel did have execution problems on some new designs last year. However those problems have been resolved, but the market perception has not changed. Even Microsoft, Cisco and the other large high techs are sporting much lower PEs and stock prices. The market does not appear to see significant growth in the future, assuming that high tech has matured. So I will have to wait and have Intel prove the market perception to be too pessimistic.
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