AMD's Dirk Meyer Lines Pocket with 15% Less Pay Compensation
AMD's Dirk Meyer Lines Pocket with 15% Less Pay Compensation
Posted 03/16/2010 at 4:36am
| by Paul Lilly
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Something tells us AMD's CEO, Dirk Meyer, will still be able to foot the bill at one of Gordon Ramsay's restaurants if he decides to eat there, but nevertheless, Meyer's total compensation in 2009 dropped by 15 percent.
To put that number into perspective, Meyer received compensation in fiscal 2009 valued at $4.5 million. A king's ransom, sure, yet still less than the $5,3 million he receive in 2008.
If you're wondering about his salary, Meyer is paid $792,685 per year, plus a $45,000 bonus, NetworkWorld.com reports. The bonus is considered a one-time payment given to Meyer and other AMD employees to supplement base salaries, and this was decreased (temporarily) by 15-20 percent in 2009 as well.
As a company, AMD's revenue dropped by 7 percent last year, yet it was the first time AMD reported a net profit ($304 million) since 2005.
Image Credit: AMD
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Neufeldt2002
March 16, 2010 at 8:04am
Isn't the net profit only there because of the huge settlement that they got from Intel? Not playing favorite's here just saying. I'm glad too, imagine the cost if Intel was the only one. O.o
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Sodman
March 16, 2010 at 5:09am
I think I might retire after 2 years and just live very comfortable for the rest of my life, no stress, just fun and games (PC games of course).
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