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 PC World newsletter!

Error: Please check your email address.

Tags AMD

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ann Bednarz

Network World
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

Michael Hargreaves

Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?