"Rory P. Read, President and Chief Executive Officer $ 705,000"
Does anybody else think that a bonus of $705,000 is a bit extreme for Mr. Rory Read?
I thought the timing was kinda weird, the board gave them selves these "bonuses" right after Vanguard and Black Rock announced there large Accumulation of AMD stock. In addition to this The document itself is a 8-K which according to the internet it's an unscheduled document. On top of all this the insiders exercise their option's, so to me this looks like there celebrating like they made a big deal etc. This isn't exactly bad news to me but personally I hate when board members give themselves bonus it's possible in this situation it was warranted. Overall I'm going to rate this news as neutral.
Ashraf you are correct he really didn't LOSE enough money for amd to warrant all that money.
Why would anyone try to improve the company from inside as being losers pays off for the insiders.
PLease note the dilution of outstanding shares.....yep lots of money there haha .
No way! Rory has ushered in many AMD Firsts!
AMD's first ever $1.81 share price! AMD's first ever sub-5% server CPU market share! AMD's first ever sub-20% GPU market share! AMD's first ever "sub-junk" level credit rating! AMD's first ever 40% reduction in force! AMD's first ever sub-36% gross margins!
He's an innovator! Yippee!
Sentiment: Strong Buy
So you have the gall to write demeaning posts on the Motley Fool and make such a brutally stupid remark about a fortune 500 ceo 's bonus? The average fortune 500 CEO receives around 10.5 million in compensation. Please post his total amount and then we can talk. This is considering the 180 he just pulled off.