Feeds

Intel gives shareholders 'say on pay'

Weighing Otellini's package

Internet Security Threat Report 2014

Intel has given shareholders a say on the size of its executive packages.

Yesterday, Intel shareholder Walden Asset Management told the world that the chipmaker's board of directors has approved an Advisory Vote on Executive Compensation, otherwise known as a "say on pay."

At Intel's annual meeting in May, shareholders will be asked whether they approve of the company's "compensation philosophy, policies, and procedures."

Fifteen other American companies have already adopted say on pay measures, including Blockbuster, Motorola, and Hewlett-Packard - though HP's vote won't arrive until 2011. Aflac was the first US company to approve a say on pay in 2008.

Last year, Oracle shareholder Marianists Province of the United States proposed a shareholder say on the size of Larry Ellison's package. But the proposal was shot down.

Oracle's compensation committee maintains control of Ellison's package, and in fiscal 2009, the Oracle CEO is in line for a $13.62m bonus, a 25 per cent increase from 2008. Ellison is the country's third richest human. ®

Internet Security Threat Report 2014

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.