Feeds

Intel gives shareholders 'say on pay'

Weighing Otellini's package

Boost IT visibility and business value

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. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.