Lisa Su is now CEO of AMD

[jpiniero]

Stock down nearly 20% AH and you don't think AMD has anything to hide? Trace the money, usually the truth is there.

By making the change, they've already kind of conceded that the numbers are going to be bad.

Unless you think AMD is going to announce something worse than losing a hundred mill or so, I don't think there's much to hide.

 

[Abwx]

Stock down nearly 20% AH and you don't think AMD has anything to hide? Trace the money, usually the truth is there.

Since no number was published the stock price is the result of technical analysis of the prices curves, it gets down because...it gets down, now if you are so sure that this is due to financial concerns just do a massive short sell position if ever you are that sure of your sayings..

 

[Phynaz]

Since no number was published the stock price is the result of technical analysis of the prices curves, it gets down because...it gets down, now if you are so sure that this is due to financial concerns just do a massive short sell position if ever you are that sure of your sayings..

Lol, it's never AMD's fault is it? The price is down because everyone is expecting a large miss above the line.

 

[Abwx]

Lol, it's never AMD's fault is it? The price is down because everyone is expecting a large miss above the line.

Perhaps but once things get down these are amplified due to curves being extremely bear, i wont explain further, you traded in mid term while it s at the complete opposite of my own methods wich is to do only day trades and doing so require to work in the dominant trend whatever the price, one who sell short at mid terms, that is a month or two, cant act this way, he will have to wait for an adequate price to reduce the risk of inherently higher volatility if time is increased.

 

[Arachnotronic]

Yeah, stock is down another 15% just in After Hours. Must be a big leak. This company is ridiculous.

I don't have any knowledge of what's going on, but this price action smells pretty rotten.

I'm looking at the after-hours trades on Nasdaq and holy cow...3.1 million shares traded on no publicly available news?!

I have a hard time believing that somebody doesn't know something. And that something seems so bad that these traders are willing to dump shares in the after hours session at a big discount to the intra-day prices rather than wait for tomorrow's session.

This doesn't sit right with me, but I guess we'll see what happens tomorrow.

 

[Abwx]

I don't have any knowledge of what's going on, but this price action smells pretty rotten.

I'm looking at the after-hours trades on Nasdaq and holy cow...3.1 million shares traded on no publicly available news?!

This doesn't sit right with me, but I guess we'll see what happens tomorrow.

So what happened today.??

How much money was eventualy saved or earned by thoses who allegedly sold at -20% on after hours trades considering today s prices..?.

Amazing that some people dont realize that in after hours trades it s often the sames hedge funds that are on the two sides of the orders, they sell on one side and buy on the other one as a mean to make people think that it will collapse the next day but you can be sure that they didnt get any net position during these masquerade trades...

 

[hungtran]

So what happened today.??

How much money was eventualy saved or earned by thoses who allegedly sold at -20% on after hours trades considering today s prices..?.

Amazing that some people dont realize that in after hours trades it s often the sames hedge funds that are on the two sides of the orders, they sell on one side and buy on the other one as a mean to make people think that it will collapse the next day but you can be sure that they didnt get any net position during these masquerade trades...

Yes, it became more obvious this was a forced liquidation after I read that TWTR and GOOG went down at the same time. If I had read that earlier, I would have bought some shares to sell today.

 

[positivedoppler]

http://www.digitimes.com/news/a20141014PD203.html
30% market share in desktop. I think in the long run Intel is screwing themselvea with the low end celerons and atoms which are taking up the bulk if computer sales on amazon. they were better off leaving the low margin stuff to amd

Though there is a strong possibilty that the ceo change flags a bad earning, this selloff is madness because there is also a slight possibilty that AMD beats expectatiin and wants a new ceo to leas the charge by introducing the good news.

 

[Phynaz]

Su was promoted from the post of chief operating officer on Oct. 8, just a week before the company is scheduled to report third-quarter earnings. She will receive an annual salary of $850,000, less than the $1 million that Read received last year. Su will also be granted an annual equity award and a cash performance bonus.

As part of a separation agreement, Read, 52, will receive a one-time lump-sum cash payment of $5 million and be eligible for an annual cash bonus for the current year, the company said. He will forfeit some equity awards granted this year and remain with the Sunnyvale, California-based company through the end of 2014 in an advisory role.

http://www.bloomberg.com/news/2014-...ss-than-predecessor-rory-read.html?cmpid=yhoo

 

[Idontcare]

She will receive an annual salary of $850,000, less than the $1 million that Read received last year.

http://www.bloomberg.com/news/2014-...ss-than-predecessor-rory-read.html?cmpid=yhoo

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

Hope she has good karma.

 

[Abwx]

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

Hope she has good karma.

Rory Read was a confirmed CEO while she s new on this kind of responsibilities, i guess that this imply that you first must prove your skills on this matter before asking the same salary, besides R. Read had to do all the dirty work, i wouldnt like to be the guy that do massive lay offs, this plan, even if necessary, will negate you all legitimacy on the long run.

 

[Enigmoid]

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

Hope she has good karma.

IMO this has nothing to do with the fact that she is female, rather its that she is new to the position and AMD is currently having financial problems and cutting where necessary to save money.

Executive Pay details.

http://insiders.morningstar.com/trading/executive-compensation.action?t=AMD&region=usa&culture=en-US

 

[USER8000]

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

Hope she has good karma.

Have you forgotten Rory Read was president and CEO of Lenovo and was one of the reasons they became successful in recent years? Lenovo at the end of his reign had many times the market cap of AMD and employed far more people(around 4 to 5 times more).

Going on from that we don't know how much he was being paid at Lenovo and it means AMD would need to have made sure they paid him relatively well to get him to join them.

Its one reason alone his starting salary would have been higher and you are also comparing the starting salary of Lisa Su to the ending salary of Rory Read after being president of AMD for three years - she is also nearly 10 years younger than him too. AMD is the second company he has been CEO off - this is the first one for Lisa Su. Its down to experience and age,which is no difference to any of the scientific/development areas people I know work in.

 

[Ajay]

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

Hope she has good karma.

I get your point. I suppose we can hope that her other means of compensation (like restricted stock and stock options) bring her closer to some level of equality. Otherwise it publicly and blatantly provides another face to the national corporate culture of devaluing the work women do compared to men.

 

[ShintaiDK]

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

Hope she has good karma.

Twice the work for less. I sure hope she enoys it.

And Rory got his golden handshake after all.

 

[DrMrLordX]

Twice the work for less. I sure hope she enjoys it.

She accepted the terms, so she must have some reason for wanting to do it. It might be just to build experience and pad her resume. Given the circumstances, that could be a bit risky for her if she is being set up to be a fall girl.

And Rory got his golden handshake after all.

Not much of one, really. Without knowing the terms of the deal he made with AMD when he hired on with them, it's difficult to say how much leeway they had in negotiating his final payoff. One would assume that most exec deals have a golden parachute built-in from the start. And no matter how bad the Q3 numbers will look tomorrow (isn't that when they come out?), Rory still has a lot of other data points he can bring up that make his CEO performance look good (or at least better than that of his predecessor).

$5 mil might have been a bargain for all we know. Compared to a lot of other exec payouts, that's actually quite low.

 

[mrmt]

Have you forgotten Rory Read was president and CEO of Lenovo and was one of the reasons they became successful in recent years? Lenovo at the end of his reign had many times the market cap of AMD and employed far more people(around 4 to 5 times more).

Not CEO, COO.

 

[mrmt]

Nice to see AMD pay the female 85% what they pay the male to do the exact same job (by AMD's own job definition), plus the fact she is still doing the job of COO which Rory wasn't doing.

I get your point. I suppose we can hope that her other means of compensation (like restricted stock and stock options) bring her closer to some level of equality. Otherwise it publicly and blatantly provides another face to the national corporate culture of devaluing the work women do compared to men.

If AMD is preparing another round of "optimizations", it is a strong message from the BoD to fire their expensive CEO and hire a cheaper one.

 

[Idontcare]

If AMD is preparing another round of "optimizations", it is a strong message from the BoD to fire their expensive CEO and hire a cheaper one.

Rory was apparently more valuable than Lisa, hence the higher salary.

And yet they paid him the equivalent of 5 years salary just to leave.

That isn't exactly saving money. But the numbers do say they went with the lower value option for the future.

I guess they aren't expecting much of her, or of AMD's future, as they didn't need those $5m nor Rory's superiorly-valued CEO skillz.

 

[beginner99]

Rory Read was a confirmed CEO while she s new on this kind of responsibilities, i guess that this imply that you first must prove your skills on this matter before asking the same salary, besides R. Read had to do all the dirty work, i wouldnt like to be the guy that do massive lay offs, this plan, even if necessary, will negate you all legitimacy on the long run.

Exactly.

For the same reason a CS graduate will be a Junior Programmer and earn way less than a senior one with 5+ years of experience. Regardless of Gender.

 

[mrmt]

Exactly.

For the same reason a CS graduate will be a Junior Programmer and earn way less than a senior one with 5+ years of experience. Regardless of Gender.

I didn't know that there was such a thing as a Junior CEO.

 

[Rvenger]

Rory was apparently more valuable than Lisa, hence the higher salary.

And yet they paid him the equivalent of 5 years salary just to leave.

That isn't exactly saving money. But the numbers do say they went with the lower value option for the future.

I guess they aren't expecting much of her, or of AMD's future, as they didn't need those $5m nor Rory's superiorly-valued CEO skillz.

I am sure she has to prove her worth as CEO before they start throwing the cash at her perhaps. Read came in as a former leader from Lenovo, Lisa Su was never a CEO before this. 850k is not bad especially if she can off load her acting position of COO shortly.

 

[Ajay]

If AMD is preparing another round of "optimizations", it is a strong message from the BoD to fire their expensive CEO and hire a cheaper one.

You make a good point that this could be AMD doing some messaging prior to release of the Q3 report. If the staff cut was something like 15%, then the salary makes some sense from a PR perspective.

But this salary reduction couldn't come at a worse time; given the rising debate over women's pay and the current news cycling visa vi Satya Nadella's recent comments.

I'd like to say more, but this isn't P&N (and I definitely don't want the tech forums to become like P&N!).

 

[frozentundra123456]

With the precarious situation of AMD, it doesnt seem like a good plan to hire a CEO to learn the ropes and prove her worth. OTOH, they arent exactly flush with resources to go out and hire away a proven CEO from another company.

Personally, I think RR did a decent job. Just seems strange that he should leave so abruptly. I think Su will do a good job as well with what she has. AMD really needs to deliver a solid hit with new dgpus or Zen though. They cant afford more delays and underwhelming products.

 

[Ajay]

I am sure she has to prove her worth as CEO before they start throwing the cash at her perhaps. Read came in as a former leader from Lenovo, Lisa Su was never a CEO before this. 850k is not bad especially if she can off load her acting position of COO shortly.

Prove here worth? Did you see her CV? I posted it in this thread: http://forums.anandtech.com/showpost.php?p=36795096&postcount=187