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To: Paul Engel who wrote (40803)11/20/1997 9:35:00 PM
From: Harrison Hickman  Read Replies (2) | Respond to of 186894
 
Paul:

You might be interested in this comparison between the compensation for A. Grove and J. Sanders. The title gives a good sense of the conclusion: "Nonperformance Pay: AMD's Jerry Sanders shows how,
protestations aside, CEOs do well even if their stockholders do not."

slate.com

Harrison Hickman



To: Paul Engel who wrote (40803)11/20/1997 9:44:00 PM
From: Harrison Hickman  Respond to of 186894
 
Paul and All: A link in the aforementioned Slate article provides the following tale:

Bill Gates, Andy Grove, and Jerry Sanders (CEOs of MicroSoft, Intel, and
AMD) were in a high-powered business meeting. During the serious, tense
discussion, a beeping noise suddenly is emitted from where Bill is sitting.
Bill says, "Oh, that's my beeper. Gentlemen, excuse me, I need to take
this call." So Bill lifts his wristwatch to his ear and begins talking
into the end of his tie. After completing this call, he notices the
others are staring at him. Bill explains, "Oh, this is my new emergency
communication system. I have an earpiece built into my watch and a
microphone sewn into the end of my tie. That way I can take a call
anywhere." The others nod and the meeting continues.

Five minutes later, the discussion is again interrupted when Andy starts
beeping. He states, "Excuse me gentlemen, this must be an important
call."

So Andy taps his earlobe and begins talking into thin air. When he
completes his call, he notices the others staring at him and explains, "I
also have an emergency communication system. But my earpiece is actually
implanted in my earlobe, and the microphone is actually embedded in this
fake tooth."

The others nod, and the meeting continues.

Five minutes later, the discussion is again interrupted when Jerry emits a
thunderous fart. He looks up at the others staring at him and says,
"Somebody get me a piece of paper... I'm receiving a FAX."