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Analyst slams AMD for distasteful multi-million dollar bonuses

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AMD is under attack by Bernstein analyst Stacy A. Rasgon, who argues that the recent bonuses awarded to the senior management team are "extremely distasteful" in light of AMD's poor business performance. 

 

 

 

 

The equity awards were approved by AMD's Board of Directors on August 5th and were made public Tuesday evening via an 8-K filing: they include a mix of performance-based restricted stock, time-based restricted stock, and stock options. 

The compensation scheme includes awards with a target value of $2 million each for Devinder Kumar, AMD's CFO, Forrest E. Norrod, general manager of the enterprise, embedded and semi-custom business group, and Mark Papermaster, the firm's CTO. On August 6th, the Board also approved equity awards with a target value of $6 million for CEO Dr. Lisa Su. 

 

 

Part of the document seen in spoiler 


40c8bfed_2015-08-1511_23_13-AdvancedMicr

 

I think is this isn't the best move by AMD's management, not only for the fact that Carrizo was a complete mess of a launch and still is almost no where to be found while skylake just came out and is doing fine (ignoring marketshare of each companies). Now the elephant in the room is that this money is mainly all in stocks meaning that if Zen is anywhere near good the stock prices of the 2/6 million dollars (respectively) could and probably will be worth soo much more. 

 

Source: http://www.dvhardware.net/article63006.html

 

Original PDF downloadable as attachment

 

AdvancedMicroDevices_8K_20150811.pdf

AdvancedMicroDevices_8K_20150811.pdf

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more bad news for amd.

 

their stock is actually worth less than it was when they first started off in '78

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Now the elephant in the room is that this money is mainly all in stocks meaning that if Zen is anywhere near good the stock prices of the 2/6 million dollars (respectively) could and probably will be worth soo much more.

 

The other possibility is that they go bust and the stocks are worthless, meaning that their bonus is gone.

 

Buy Intel and Nvidia products only !  You know it's the right thing to do.  :P

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They get paid bonuses for some of the most unimaginative or dissapointing product releases yet?

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Someone will buy them out eventually.  Hopefully sooner than later - intel has no competition until late 2016 and they're releasing even better processors in the meantime.. by the time AMD catch up they'll be a step behind again..

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Have they cashed in any of this stock? Because otherwise I don't see why anyone would be upset about this...if anything it's incentive for the leaders to make sure business goes well.

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They get paid bonuses for some of the most unimaginative or dissapointing product releases yet?

 

 

the products Dr. Lisa Su is responsible will launch next year , the fury was made by the previous CEO

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Someone will buy them out eventually.  Hopefully sooner than later - intel has no competition until late 2016 and they're releasing even better processors in the meantime.. by the time AMD catch up they'll be a step behind again..

If Intel has another IPC increase in 2016, AMD will be 2 steps behind.

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Someone will buy them out eventually.  Hopefully sooner than later - intel has no competition until late 2016 and they're releasing even better processors in the meantime.. by the time AMD catch up they'll be a step behind again..

 

Hopefully no one will buy them out.  From what I understand, AMD's x86 license won't pass on.  Essentially that would make Intel a company in a field of one. (Two if we want to count VIA.)  Anyway... that aside, I'll take AMD's step behind vs. their marathon behind right now.  Anything to close the gap. 

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Hopefully no one will buy them out.  From what I understand, AMD's x86 license won't pass on.  Essentially that would make Intel a company in a field of one. (Two if we want to count VIA.)  Anyway... that aside, I'll take AMD's step behind vs. their marathon behind right now.  Anything to close the gap. 

And to think AMD started out by making CPU off designs licensed by Intel.

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Hopefully no one will buy them out.  From what I understand, AMD's x86 license won't pass on.  Essentially that would make Intel a company in a field of one. (Two if we want to count VIA.)  Anyway... that aside, I'll take AMD's step behind vs. their marathon behind right now.  Anything to close the gap. 

A company that wants to buyout AMD will likely negotiate a deal with Intel for dat x86 license.  It would be suicide unless you just want the GPUs from AMD.

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Let's go over the "analysts are right once in a blue moon rule".

Wait, this isn't a prediction made right before the predicted thing will obviously happen?

woah woah woah.

TBH When your company is dying it's stupid to give out money.

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nXc0OhW.jpg

 

Take what "analysts" say with a pinch of salt. 

 

More likely than not, the whole purpose to the article is to stir up investor emotions.

 

Or just to promote themselves for more work.   

 

To be honest all large companies have to dangle carrots in front of the CEO, CFO, etc.  how else are they expected to motivate them to perform or keep them if they are good?    To me this deal is actually not that good, If I worked as hard as a CEO rebuilding a company in AMD's position I'd want that $2/6M in cash not worthless stock options.

Grammar and spelling is not indicative of intelligence/knowledge.  Not having the same opinion does not always mean lack of understanding.  

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YYYYRRRR the ships a' sinking, goa grab what ya can while a harv it. yrrr 

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Hopefully no one will buy them out.  From what I understand, AMD's x86 license won't pass on.  Essentially that would make Intel a company in a field of one. (Two if we want to count VIA.)  Anyway... that aside, I'll take AMD's step behind vs. their marathon behind right now.  Anything to close the gap.

The IP behind the 64 bit extension to x86 belongs to AMD and is licensed to Intel.

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If Intel has another IPC increase in 2016, AMD will be 2 steps behind.

not that it would matter much.

Their current gen products are up to 5 steps behind. yet in gaming and some other tasks, they do manage to claw their way onto the charts, just enough to be relevant...

2 steps behind can easily be countered by some clock speed and lower prices. unless intel increases IPC threefold in one go... which is unlikely they will ever be able to these days given how products are pretty close to hte bleeding edge of their design capacity......

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not that it would matter much.

Their current gen products are up to 5 steps behind. yet in gaming and some other tasks, they do manage to claw their way onto the charts, just enough to be relevant...

2 steps behind can easily be countered by some clock speed and lower prices. unless intel increases IPC threefold in one go... which is unlikely they will ever be able to these days given how products are pretty close to hte bleeding edge of their design capacity......

AMD's current CPU are in no way relevant to gaming.

"We also blind small animals with cosmetics.
We do not sell cosmetics. We just blind animals."

 

"Please don't mistake us for Equifax. Those fuckers are evil"

 

This PSA brought to you by Equifacks.
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AMD's current CPU are in no way relevant to gaming.

let me ask you a question:

Can they play a game at atleast console levels? (1920x1080p 30FPS with most settings at high)

 

The answer is yes!

 

My FX 8320 + R9 295x2 could play the Witcher 3 at full settings, even hairworks, at 33 FPS. It never went higher, as soon as i swapped to a i7 4790k i got straight up to 60 FPS. Sure the advantages of intel is massive, and my OC of the FX was rather modest, only 4.52GHz. but the FX could run the game, better then any PS4 or XBONE would, as their graphics would be way worse. So it has that going for it. In GTA 5, it can achieve 40+ FPS. So still better then consoles.

 

make no mistake. THEY ARE NOT GOOD FOR GAMING, but they CAN PLAY GAMES ATLEAST WELL ENOUGH TO BE USABLE.

Now, i know some thinks it have to be 60FPS or nothing, in which i personally disagree. I can live with 30FPS aslong as the frame timing is rock solid and i do not get microstuttering or dips/spikes. It all comes down to personal preference. I am used to consoles from the past, so i can tolerate 30 FPS. I do not enjoy it, but i can tolerate it.

 

The Athlon x4 860k costs the same as the Pentium G3258, but performs like 10-15% slower then the i3 4330 in multi thread. So in games that use 4 cores, even a minute OC would push it past the i3 in multi-thread. So is paying 40 bucks less to get a quad core that can play games pretty OK worth it? to some degree, sure. Depends on your budget. If you can make room for a i3 without sacrificing the GPU or something else, then sure, i3 it is. But if you have to sacrifice the GPU or some other part to make room for a i3, well then the Athlon is more worth it. As most modern games are GPU bound anyway

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