AMD posts Q2 profits that beat Wall Street’s expectations and sent its shares soaring more than 16%
That was despite a drop in revenue.
So what's the lesson here?
AMD has been without a CEO since January, when Dirk Meyer was forced out on January 10th. Maybe AMD is pioneering a new management model, much in the same way Belgium is leading the new political model by showing countries really can do just as well without a government (and those highly-paid heads).
Meyer had been making an annual salary of $950,000, plus a "target" annual bonus of $1.9 million (says Veritas Executive Compensation Consultants LLC). Now that drops to the bottom line. And the effective AMD managers keep Fusion going without interference from the top. Imagine how much less politics when no egos to stroke, no political agenda at play.
Continue reading...