Feeds

Micron CEO waddles onto fattest cat list

Survey fingers Moneybags Appleton

Bridging the IT gap between rising business demands and ageing tools

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. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
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
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.