Feeds

Intel gives shareholders 'say on pay'

Weighing Otellini's package

Top 5 reasons to deploy VMware with Tegile

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. ®

Beginner's guide to SSL certificates

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
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.