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Usually, when you hear about CEO compensation, it's in relation to how mind-blowingly much executives make, or how a dismissed honcho left riding on a golden parachute. Not at Lenovo. The PC provider has been on a tear in recent months and is on the verge of supplanting HP as the number one computer manufacturer in the world. That top-notch performance made CEO Yang Yuanqing eligible for a big fat bonus check. Rather than keeping the cash for himself, he divvied up the $3 million performance-related bonus into 10,000-ish slices and distributed it to the everymen (and women) who make up the bulk of the company.
Mike Lazaridis, the Greek Canadian businessman who founded Research In Motion (RIM) and recently stepped down as the company's co-Chief Executive Officer, is putting his money where his mouth is. Lazaridis wholeheartedly believes big things are in store for RIM, and while it might be easy to dismiss his outwardly optimism as mere lip service, his investment of an additional $50 million in company shares speaks louder than words, though he had a few of those to spend as well.
Hey look everybody, Yahoo just appointed a new CEO! Don't worry if you missed it or are otherwise preoccupied to pay attention, there's a good chance you'll get another opportunity to see Yahoo anoint a new chief. With all due respect to Scott Thompson, the former PayPal executive who's now in Yahoo's hot seat, he's Yahoo's fourth CEO in less than five years. How's that for job security?
With the economy in the crapper, a lot of folks are buckling down, tightening their belts and saving money any way possible. Not HP. No, we’re not talking about the company’s $10.3 billion acquisition of Autonomy; we're talking about the cash HP’s shelled out in severance packages to ousted revolving-door CEOs the past few years. One website counted up the dollars and cents and came up with an astonishing figure: those golden parachutes cost HP around $80 million.
When HP named Leo Apotheker as the company’s new CEO a scant 11 months ago, hopes were high that the software-focused former SAP honcho would be able to overhaul the company and help rake in tons of dough. Well, they got it half right; since his appointment, Apotheker has sure shaken things up, but not in a good way; the company’s recent sweeping changes didn’t sit well with the public, and partially as a result, HP’s stock has dropped 47 percent on Leo’s watch. Now, his job may be on the line.
Yahoo CEO Carol Bartz has had a bumpy ride in the big chair these last few years, and the ride came to an abrupt end last evening. Bartz was fired by the Yahoo board in a phone conversation. She sent out a quick email before packing up and hitting the trail.
Forget about the East coast earthquakes, all the moving and shaking of late is taking place in Silicon Valley and other technology hotspots. This past week alone has seen HP's TouchPad emerge as the most sought after tablet, Steve Jobs resign as CEO of Apple, Acer post a quarterly loss for the first time in company history, and AMD finally pick a new captain.
Well here's some big news late on a Wednesday afternoon:
AMD's revenue for the second fiscal quarter of 2011 dipped 5 percent compared to the second quarter in 2010 as the hunt for a permanent CEO continues, the company announced on Thursday. It's been over six months since former chief Dirk Meyer resigned in January after butting heads with the company's board of directors over AMD's mobile strategy. CFO Thomas Seifert has been serving as Interim CEO ever since.








