Feeds

AMD board stands firm behind Jerry Sanders

Shareholder wants independent chair as Sanders gets $2m bonus

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

An attempt by an AMD shareholder to have an independent chair appointed by the board at the company's annual meeting next month is being resisted by the firm. In the latest SEC filing, which outlines changes to be discussed at the meeting on 27 April, AMD says that the proposal, which is similar to one made two years back and then rejected, should be rejected by shareholders now, too. The proposal wants to amend company bylaws so that the chair is someone who has not worked for the firm within the last five years amd is not affiliated to any company that advises AMD, orr with big customers or suppliers, or with family members. The board said they recommended voting against the proposal for a number of reasons, including the fact that toppling Jerry Sanders would cause AMD to breach a five-year 1996 employment agreement. It adds that the interests of AMD "are best served by the experience and consistent direction and stategic vision afforded by a single full-time individual serving as chairman and CEO". The SEC filing also reveals that Jerry Sanders received a $2,000,000 bonus from AMD, after its then chief operating officer, Atiq Raza, abruptly left the firm in July. Other AMD execs also received hefty bonuses for their performance in 1999, including bringing the Athlon successfully to market and striking deals with Motorola. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.