Feeds

Micron CEO waddles onto fattest cat list

Survey fingers Moneybags Appleton

SANS - Survey on application security programs

Micron CEO Stephen Appleon is the 25th most overpaid CEO in America according to a Business Insider story, citing proxy advisory group Glass Lewis's CEO pay survey.

Appleton trousered $8,448,639 pay in 2009. The pay level is computed from salary, bonuses, stock options and golden hellos.

Micron CEO STeven Appleton

A Glass Lewis release said: "Micron Technology's performance has steadily deteriorated during the past three years, culminating in a $1.8 billion loss in 2009 and a return on equity of negative 33.9 per cent, one of the lowest among the companies appearing on our Overpaid 25 list."

Micron has not had a good return from its investment in Appleton (above) based on these figures.

Still, Appleton's excess is nothing compared to that of Yahoo! CEO Carol Bartz, who took home $39m in 2009. Glass Lewis said: "As the highest-paid CEO on our S&P 500 Overpaid list, Ms. Bartz represents a problem we find at many other firms with poor pay-for-performance grades: excessive compensation awarded to executives to encourage them to join or remain with a company."

Recently several executives have left Yahoo!, apparently not believing in Bartz's recovery strategy. ®

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
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
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.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.