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原帖由 itany 于 2008-10-14 01:07 发表
Ex-AMD chief, Ruiz, lands himself $3 million bonusIt's a rich man's world
By Sylvie Barak: Monday, 13 October 2008, 5:10 PM
AS A REWARD FOR splitting AMD in two, former CEO Hector Ruiz will pick up a hefty three million dollar bonus to go with his new $1.15 million salary as Chairman of The Foundry Co.
Not wanting to make a big deal of the gluttonous pat on the back payout, AMD decided that instead of a press release, it would bury the news in paper instead, sticking it into the firm’s regulatory filing on Friday. After all, what would people think of such excess after AMD had just clawed itself from financial ruin by pimping itself out to Arab oil sheiks?
The $3 million is just frosting on the cake for Ruiz, whose new two-year contract as non-voting chairman of The Foundry Co is rumoured to be worth somewhere in the region of $11.5 million with an annual salary of $1.15 million and potential extra annual bonus of up to 400 per cent of that base salary. Obviously Ruiz must think the credit crunch is a cereal bankers eat at breakfast.
AMD obviously feels that, despite Ruiz bringing the firm to the brink of bankruptcy, he deserves to be lavishly rewarded for helping put together a deal which separates AMD into a chip design firm – partly funded by Abu Dhabi-owned investment firm Mubadala – and The Foundry Co, a majority of whose shares are owned by another investment arm of the Abu Dhabi emirate ATIC.
The move to the "asset smart" model - separating the low-capital, high-margin chip design part of the company from the high-capital, low-margin manufacturing part - is seen by many as the only option AMD had in order to save itself from total financial ruin. The firm’s shares had been rapidly sinking since early 2007, from $20 a share to a weedy $3.81 at market close on Friday.
Of course, the bonus is conditional on Ruiz being able to clear the plethora of regulatory hurdles which still stand in the firms’ way, but those are not expected to pose any special difficulties. Ruiz can probably laugh all the way to the bank. In fact, in this economic climate, he can probably now buy the bank..
这是个有钱人的世界
作为拆分AMD的奖赏,该公司前CEO鲁智深在改领新公司 Foundry 董事长110万 美元年薪的同时，还拿到了一个 300万美元的大红包
不想把这笔幕后支出搞得满城风雨的AMD，选择了把消息埋在文件堆中——在周五的例行档案中顺带提及了此事，而不是发布一条新闻稿公开，毕竟人们知道了靠卖身给阿拉伯石油大亨才勉强逃过财务毁灭的AMD还有这样一笔过度开支之后的想法难以预料
不过三百万对鲁毅智来说不过是蛋糕上的开胃糖霜而已，要知道他和新公司foundry签的无投票权董事会主席合同传闻中可是值1100万美元——包括115万美元的年薪和最高达薪水四倍的奖金，很明显老鲁一定认为信贷紧缩只不过是银行家早餐时候的麦片粥而已。
AMD显然是如此想的，尽管老鲁将该公司带到了破产的边缘，他仍应为成功将AMD拆分为一家芯片设计公司——部分由阿布扎比投资公司Mubadala出资和一家生产厂——主要股份为另一家阿联酋投资局ATIC的分支公司持有的丰功伟绩得到慷慨的奖赏。
向“灵活资产”模型的转换——将低投入高获利的设计部门与高资本投入低获利的生产部门剥离被很多人认为是AMD挽救自己免于完全财务崩溃的唯一方案，公司股价从2007年初来就迅速下跌，从20美元直落到上周五收盘时令人欲哭无泪的3.81美元。
当然，能否到手这个大红包，还取决于老鲁是否能排除公司拆分路上的重重制度障碍，不过这些应该不是大问题，老鲁在去银行的路上可以纵声大笑了——实际上，在目前的经济环境下，他说不定可以直接把那家银行给买下来。
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发表于 2008-10-14 10:40
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