Hey Ted,
CRUS (Management) had a great year!
They got huge bonuses for driving the stock to $9.
It is interesting, that the most worthless people at CRUS get the highest pay!
Mike for just being there, Ed for underloading the fabs and George for destroying the PC business!
SUMMARY COMPENSATION TABLE The following table sets forth the compensation earned during the fiscal years ended March 28, 1998, March 29, 1997, and March 30, 1996 by the Company's Chief Executive Officer, the four highest-paid executive officers. LONG-TERM COMPENSATION ANNUAL COMPENSATION AWARDS ----------------------- ------------ SECURITIES ALL OTHER UNDERLYING COMPENSATION NAME AND PRINCIPAL POSITION YEAR SALARY(1) BONUS OPTIONS(2) (3) --------------------------- ---- --------- -------- ------------ ------------ Michael L. Hackworth..... 1998 $397,488 $680,672(4) 850,000 $ 1,000 President, Chief Executive 1997 397,488 -- 150,000 1,000 Officer and Chairman 1996 397,488 -- -- 313,078 Edward C. Ross........... 1998 275,000 355,440 215,000 51,000(5) President, Technology and 1997 251,924 -- 75,000 1,000 Manufacturing Group 1996 145,193 -- 100,000 1,000 George N. Alexy.......... 1998 289,406 246,752(4) 190,000 1,000 Senior Vice President, 1997 235,958 -- 50,000 1,000 Corporate Marketing 1996 231,504 -- 50,000 133,093 Eric J. Swanson.......... 1998 198,000 265,710 160,000 26,069(6) Vice President and 1997 -- -- -- -- Chief Technical Officer 1996 -- -- -- -- Steven Dines............. 1998 195,680 266,524 137,126 1,000 Vice President and General 1997 -- -- -- -- Manager, Mass Storage Products Division 1996 -- -- -- -- -------- |