RE: "Can't Intel hire Jerry????"
I don't think Intel can afford him. His guaranteed salary is
about $5 million, while poor Dr. Grove only got only $425,000 in 1996. Of course, Dr. Grove gets bonuses (like everyone else in Intel but bigger -- $2,578,300 in 1996) based on profits and growth of EPS-- and Mr. Sanders can't be very used to that, and Dr. Grove gets options whose value depends on INTC prices (as, since 1997, does everyone else at Intel). In 1996, the value at a 10% rog of options granted was
$7 million. He exercised $94,586,600 of previously granted and
appreciated options. In 1996, Dr. Grove was the highest paid CEO in the Orion cluster, about $98 million (excluding appreciation of
unexercised options and discount on stock-purchase plan buys). Even though Dr. Gates made about $22 billion in the last 12 months on appreciation of his remaining founders' MSFT, he earns a modest salary and is not in the MSFT universal option plan. On a pay-for-performance basis, Dr. Grove is a real bargain. Dr. Moore, of course, as a founder, holds about 5.5 per cent of INTC worth about $8 billion.
His $250,000 initial investment has increased 32,000 times (with
some additions and subtractions). Intel's stock has split 11
times since founding. I don't know, but I guess that Mr. Sanders
has been less successful and that his wealth has not increased
nearly as much. Its sad, because he has said that being rich is the
most important thing in his life. I guess it keeps him working. |
