Dear Jay. RE; Sad but true ... Intel is back to where it was 5 years ago!
... I could never figure it out.
Always frustrates me.
I have posted on October 15 2009 (post # 83964) the data that “figure it out”.For every $1.00 of dividend to the share-holders $3.00 was spent on bonuses.
Post # 83964
Data from the third-quarter 2099 report:
Intel spent $1.671 billion on the “Stock repurchase program”, purchasing 88 million shares
, at an average cost of $20.00 per share. The number of shares at the end of the quarter was reduced by 58 million, the difference (30million shares) may have been used as bonus for the upper management. (worth $600.00 million).
Proceeds from sales of shares to employees, tax benefit & other“ was $125.00 million
Intel reported that the “remaining dollars authorized for buyback” = $5.7 billion
Net Income
was $1.856 billion.
There are 5.616 billion shares of INTC $0.14 dividend per share = $ 0.775 billion.
For every $1.00 of dividend to the share-holders $3.00 was spent on bonuses.
The size of the “remaining dollars authorized for buyback” suggest an intension to continue this practice in the future.
Please correct any mistake.