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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (143161)3/10/2002 7:57:05 PM
From: tejek  Respond to of 1578347
 
AMD CEO still plans April retirement
Sanders will stay on through 2003 as chairman

By Chris Kraeuter, CBS.MarketWatch.com





SUNNYVALE, Calif. (CBS.MW) - Advanced Micro Devices Chairman and CEO W.J. Sanders reiterated that he would retire from his CEO duties on April 25. According to the microchip maker's annual proxy filing, Sanders, 65, will serve as chairman through 2003 and President and Chief Operating Officer Hector de J. Ruiz, 56, will take over as CEO. Ruiz will retain the president's title.

Succession plans originally were announced in February 2001. On Friday, AMD (AMD: news, chart) shares rose $1.03, or 6.7 percent, to $16.34.

Ruiz signed an employment agreement with AMD through April 2007. The contract dictates an annual base salary of $950,000 plus an incentive bonus of not more than $5 million. He was paid $776,000 last year.

Also, he was granted options representing 1.2 million shares at $16.05 a share. Half vest based upon the attainment of performance criteria and the remainder vest in varying amounts through 2006. He already owns 1 million shares.

Sanders, who has held the top post at AMD since co-founding the company in 1969, was paid $1 million last year, as well as the two previous years. For this year, he will be paid $750,000 and $600,000 in 2003.

Ruiz joined AMD in January 2000 after serving as president of Motorola for three years.

Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco.



To: tejek who wrote (143161)3/11/2002 2:59:28 PM
From: hmaly  Respond to of 1578347
 
Tejek Re...The analogy wasn't about killing.......it was about the impact that the two events had on two different aspects of our culture. In that way, I think its an apt analogy.<<<<<<<

LOL ..LOL....LOL. Excuse me for rolling on the floor busting a gut laughing over that one. Any one who considers the impact of an election comparable to the killing thousands of people, millions of lost jobs, and the destruction of Afghanistan comparable; isn't exactly rowing with all of his oars in the water.

<<<<There are people on this thread who can't let go of their feelings re Clinton but you want people to let go of election, 2000<<<<<

Finally, you just may have found subjects with a comparable impact. They both are minor in importance and both should be dropped.

I like that attitude......its believing you can't be defeated that often leads to defeat.<<<<<<

I would be willing to bet that kind of attitude leads to victory more often than defeat.

And I suspect he loves this country as much as you do. Besides, we are each entitled to our own opinions.<<<

And Alec said that he would move out of the country if GW won the election. Guess what. GW won. Now he should keep his word.



To: tejek who wrote (143161)3/11/2002 3:13:37 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1578347
 
Ted, <There are people on this thread who can't let go of their feelings re Clinton but you want people to let go of election, 2000.>

I don't see ANYONE comparing the Clinton sex scandal to 9/11. Why is it OK for Baldwin to compare something equally as petty to 9/11?

Maybe he'd also like to compare Indecision 2000 to Pearl Harbor, given that he co-starred in a movie depicting the events around the latter. (Unfortunately, I watched that movie. Thirty minutes of nice action surrounded by 2.5 hours of fluff.)

Tenchusatsu