Filed under: Misc. Gadgets

Those AMD breakup rumors are back with a bullet this morning thanks to some chatty sources speaking to TG Daily. Though this one can hardly be called rumor since it was AMD’s own freshman CEO, Dirk Meyer (pictured), who said that AMD was “just months away” from spinning off its manufacturing and fabrication business into a separate entity. TGD’s sources claim that an announcement is indeed planned for next month in fruition of its Asset Light and Asset Smart strategies. With it, we’ll see Meyer take over the development of chip technologies while someone else (possibly Hector Ruiz, who recently shed his CEO role but stayed on as the board’s chair) taking responsibilities of manufacturing. Let’s just hope that they can get past this distraction in short order — a strong, focused AMD is good for the industry and that’s good for us consumers.

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Filed under: Desktops, Laptops

Don’t say the writing wasn’t already littering the walls, because it was. Just months after AMD hacked its workforce by 10% and let its CTO walk away without being replaced, the company’s second CEO after Jerry Sanders has spent his last day in AMD’s biggest corner office. Hector Ruiz has decided to walk away from his role in the flagging outfit, leaving his right hand man (that would be Dirk Meyer) to take over whatever there is to take over. Of note, Mr. Ruiz will still have ties with the company as he remains on its board of directors as “executive chairman,” though it’s hard to say how much influence he’ll have from there. Really though, what’s next?

[Thanks, nehemoth]

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Filed under: Desktops, Laptops

Last week, we reported that Hector Ruiz — CEO of chipmaker AMD — had received a 7.4-percent raise even though the company has been struggling as of late and its stock has dropped considerably over the past year. Now, according to reports, the rumors of the pay increase have turned out to be the product of a misinterpreted SEC filing — or so say the public relations people at Advanced Micro Devices. Apparently, the confusion stems from a pay raise that the honcho received in 2006; somehow the change in figures halfway through the year led to a proxy statement of $1,046,358 — the supposed new salary. The “clarification” still leaves a few questions unanswered, but at least for now we can sleep soundly knowing that Hector Ruiz, the highest paid CEO in the semiconductor industry, will only be earning a paltry $1,124,000 this year.

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Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!

Filed under: Desktops, Laptops

In most jobs, if you cost the company money and generally screw up, you can expect a solid dressing-down from the management and then a swift boot out the door. Unless you run a major corporation like AMD. If you’re Hector Ruiz, CEO of the ailing chipmaker, you can freely and openly admit to fouling up the works and still get yourself a tidy raise, it seems. “We blew it and we’re very humbled by it and we learned from it and we’re not going to do it again,” Ruiz said on Thursday, just before the board of directors raised his $1,046,358 salary to $1,124,000 — a 7.4-percent gain. Oh, did we mention the nearly $13 million in stock options too? Hey, just because you tacked on $3.7 billion dollars in long term debt and your stock plummeted 56.2-percent doesn’t mean you’re doing a bad job… although we can’t think of another way to describe it.

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Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!

Filed under: Desktops, Laptops

In most jobs, if you cost the company money and generally screw up, you can expect a solid dressing-down from the management and then a swift boot out the door. Unless you run a major corporation like AMD. If you’re Hector Ruiz, CEO of the ailing chipmaker, you can freely and openly admit to fouling up the works and still get yourself a tidy raise, it seems. “We blew it and we’re very humbled by it and we learned from it and we’re not going to do it again,” Ruiz said on Thursday, just before the board of directors raised his $1,046,358 salary to $1,124,000 — a 7.4-percent gain. Oh, did we mention the nearly $13 million in stock options too? Hey, just because you tacked on $3.7 billion dollars in long term debt and your stock plummeted 56.2-percent doesn’t mean you’re doing a bad job… although we can’t think of another way to describe it.

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Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!

Filed under: Desktops, Laptops

In an unsurprising turn of events, AMD honcho Hector Ruiz has taken advantage of a recent interview to verbally smack up competitor (and market kingpin) Intel. In the midst of a sit-down, the chipmaker’s CEO claimed that rival Intel was playing a game of catch up to AMD’s innovation, stating, “If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel.” Ruiz went on to blast the Santa Clara-based company, saying that, “Intel continues… to abuse their monopoly and that’s why around the world governments and regulatory agencies continue to go after them.” Hey — at least he doesn’t seem to be feeling bitter about the whole thing.

[Via The INQUIRER]

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Office Depot Featured Gadget: Xbox 360 Platinum System Packs the power to bring games to life!