Feeds

Intel gives shareholders 'say on pay'

Weighing Otellini's package

Remote control for virtualized desktops

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. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.