Feeds

Intel gives shareholders 'say on pay'

Weighing Otellini's package

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.