Items tagged with Hector Ruiz
It's not often that you hear a CEO of a rival company give tips to the very company that many consider to be its archrival, and that's not exactly what's happening here. But it's close. The former CEO of AMD, Hector Ruiz, has penned a piece over at Bloomberg Businessweek, offering up a few words of wisdom for the person who will be taking over as the next CEO of Intel. He makes clear right from the start that he spent "an important part of his career battling Intel," noting that AMD was undoubtedly the smaller of the two chip-making firms. Holding no punches, he stated that AMD was forced to challenge Intel's "monopolistic practices." But he's also being forthright about his opinion on what's...
Read more...
Hector Ruiz served as CEO of AMD for nearly a decade and guided the company through both its strong success (Athlon 64) and lurching failures (paying $5.8 billion for ATI). He stepped down as CEO in July of 2008, after AMD reported its seventh consecutive quarterly loss, but became chairman of GlobalFoundries. That position could now be in jeopardy. The Assistant United States attorneys for the Southern District of New York have filed a complaint against the hedge fund Galleon Management. The fund is accused of trading on insider information, and Hector may have provided a great deal of it just before the GlobalFoundries spinoff. According to the court filing, Daniel Chiesi of Galleon Management...
Read more...
Eyebrows were raised last week when reports came in saying that AMD CEO Hector Ruiz received a 7.4% raise last week, despite the problems the semiconductor company is having. We can all rest easy knowing it's just a misunderstanding.It turns out that a senior member of AMD's public relations staff erred when confirming Thursday afternoon--prior to publishing this report--that Hector was given a raise this week. The raise in question actually came last year, and the $1,046,358 in the proxy statement reflected that Hector spent part of 2006 making $950,000, and part of 2006 making $1,124,000. Hector's annual salary rate has changed slightly since then, but by just $24,000 or so to reflect...
Read more...
