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To: Tenchusatsu who wrote (101296)	3/22/2000 12:43:00 PM
From: Burt Masnick	Read Replies (1) \| Respond to of 186894

AMD's Sanders doubles 1999 pay with $2 million bonus By Bloomberg News yahoo.cnet.com March 22, 2000, 8:40 a.m. PT WASHINGTON--Advanced Micro Devices chairman and chief executive W. Jerry Sanders more than doubled his pay last year to $3.8 million, on the strength of a special $2 million bonus for taking on the added job of chief operating officer for much of 1999. Sanders, who founded the computer chipmaker, was rewarded for "leadership and strategic direction" in assuming extra duties after last July's resignation of Atiq Raza, the former AMD president who had been considered Sanders' heir apparent, according to the company's proxy statement filed with the Securities and Exchange Commission. Quote Snapshot AMD 56.94 +2.12 INTC 143.12 +4.69 New AMD President and COO Hector Ruiz, hired away from Motorola in January, signed an employment agreement that will give him a special $1.5 million severance payment if he isn't chosen to take over the chief executive's job by 2002. Sanders, who plans to stay on as chairman, has said he expects Ruiz to become CEO at the end of 2001. Sanders' $2 million 1999 bonus soared from $12,167 a year earlier. He got $1 million in salary last year, unchanged from 1998, when his total compensation was about $1.8 million. Sanders, 63, received other compensation that included benefits in the form of company-provided vehicles and "physical security services" the company said in its filing. Shares of Sunnyvale, Calif.-based AMD last year lost about half their value between January and April, then recovered to finish 1999 at about where they started. AMD, which is trying to compete with rival Intel, the world's dominant chipmaker, has seen shares soar almost 90 percent so far this year, when the company this month became the first to ship a processor running at 1 gigahertz. Ruiz, 54, who headed Motorola's computer-chip business, will get a base salary of $750,000 along with a bonus tied to the company's operating profit. The annual bonus, which can be no less than $500,000 this year, is capped at $5 million, the filing said. Ruiz's bonus will be equal to 0.3 percent of AMD's "adjusted operating profit" once that exceeds 20 percent of the adjusted operating profit for the preceding year. Sanders gets an incentive bonus with similar terms, though his percentage share amounts to 0.6 percent of the same amount. Sanders' bonus is also capped at $5 million per year. Ruiz got an option to buy 1 million company shares at the fair market value on the date of the grant, which wasn't specified. Beginning in 2001, he will be entitled to annual option grants to purchase 250,000 shares, the filing said. If Ruiz quits before 2002 because the board has decided he won't step up to the CEO's job, the filing said the executive will get two years of his current base salary and will speed up vesting of his options. Copyright 2000, Bloomberg L.P. All rights reserved.