Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

AMD CEO's pay falls 15% to $US4.5 million in 2009

Despite 2009 profits, AMD CEO Dirk Meyer's total compensation fell by 15 per cent
AMD Chief Executive Officer Dirk Meyer

AMD Chief Executive Officer Dirk Meyer

Advanced Micro Devices turned a profit in 2009 after three successive annual losses, but CEO Dirk Meyer's total compensation fell 15%.

Meyer received compensation in fiscal 2009 valued at $US4.5 million, compared to $5.3 million in 2008, according to documents filed with the U.S. Securities and Exchange Commission.

His pay package includes a $792,685 salary, plus a $45,000 bonus. The bonus Meyer and other AMD employees received is a one-time payment to supplement their base salaries, which were temporarily decreased by 15% to 20% during 2009.

CEO payday: How much tech chiefs made in '08

Meyer also received stock and option awards valued at $3.7 million at the time they were granted (down 16% from $4.4 million in 2008). His other compensation and perquisites totaled $7,478, which includes matching contributions to his 401(k) account.

As a company, AMD's revenue fell 7% in 2009, but the company turned an annual profit for the first time since 2005. AMD reported a net profit of $304 million on revenue of $5.4 billion for the year ended Dec. 26. AMD reported a loss of $3.1 billion on revenue of $5.8 billion in 2008.

Meyer's total pay is calculated using data supplied in a proxy statement filed with the SEC on March 5. The following figures are taken from the summary compensation table: salary, bonus, and all other compensation. Added to those figures is the estimated value of stock options and awards granted during the year; that figure is taken from the table that summarizes grants of plan-based awards.

Read more about data center in Network World's Data Center section.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: Advanced Micro Devices, Advanced Micro Devices, AMD, SEC, Securities and Exchange Commission
References show all

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the CIO comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: amd
Latest Blog Posts
Whitepapers
  • New Mobility Requires a New Network Strategy
    Computing has gone through several major transitions through the ages, each of which raised the value of the network and dramatically lowered the cost of computing. In the years after its birth in the mainframe era, the computing industry shifted to client/server and then Internet computing. Today, we are beginning yet another major computing revolution: the shift to mobile computing. This revolution already allows us to carry mini computers, called “smartphones,” in our pockets. This shift will drive down the cost of computing even further and drive up the value of the network, forever changing its role in organisations. Read on.
    Learn more »
  • 10 Essential Steps to Web Security
    This short guide outlines 10 simple steps to best practice in web security. Follow them all to step up your organisation’s information security and stay ahead of your competitors. But remember that the target never stands still. Focus on the principles behind the steps – policy, vigilance, simplification, automation and transparency – to keep your information security bang up to date.
    Learn more »
  • Sustainable Compliance: How to Align Compliance, Security and Business Goals
    In this white paper, we will examine some of the challenges that modern organizations face in their efforts to develop and adapt a compliance program to solve today’s needs and support new requirements in the future.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Recent comments

HP and IDG news, product videos and resources