Wednesday, October 09, 2002 6:46:49 AM
Re:"It was then that news came in that Hector was buying shares. I couldn't believe he'd put his own money on the line..."
The Purchase by Ruiz was little more than a calculated attempt to wave the AMD flag and obtain some positive PR. His purchase amounted to about $150 K and that is little more than a Las Vegas weekend for Ruiz. He received $6.5 million in Pay -- no exercised options -- in 2001.
http://biz.yahoo.com/p/a/amd.html
AMD can easily pay back any losses to Ruiz with a little extra compensation. Another perspective is that the limo and driver for Jerry "Where's Mine" Sander's added more than that amount to his compensation per SEC reports. And no numbers were split out for the Beverly Hills office established for Jerry's convenience. That was just rolled up as a "necessary" business expense for AMD.
The Purchase by Ruiz was little more than a calculated attempt to wave the AMD flag and obtain some positive PR. His purchase amounted to about $150 K and that is little more than a Las Vegas weekend for Ruiz. He received $6.5 million in Pay -- no exercised options -- in 2001.
http://biz.yahoo.com/p/a/amd.html
AMD can easily pay back any losses to Ruiz with a little extra compensation. Another perspective is that the limo and driver for Jerry "Where's Mine" Sander's added more than that amount to his compensation per SEC reports. And no numbers were split out for the Beverly Hills office established for Jerry's convenience. That was just rolled up as a "necessary" business expense for AMD.
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