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AMD's Rick Hegberg  (Source: AMD)
AMD loses another executive

In late August, DailyTech reported that Henri Richard would leave his position as executive vice president and chief sales and marketing officer for AMD on September 8. Richard had been with the company since 2002 and saw the Sunnyvale, CA-based company go through good times (Opteron successes) and bad times (post ATI acquisition difficulties).

Today, The Wall Street Journal is reporting that another AMD executive is jumping ship. Rick Hegberg, AMD's VP of worldwide sales, is leaving the company although a company representative declined to indicate when the resignation would take place or his prospects afterwards.

Hegberg was a former ATI employee and came to AMD after the 2006 acquisition. Hegberg is also the second former ATI executive to leave AMD -- former ATI CEO Dave Orton left in July.

It's interesting that three key executives are abandoning the company prior to the release of Barcelona. AMD's native quad-core processor family is just around the corner and the company has already announced pricing for the new chips.



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this is why
By GlassHouse69 on 9/5/2007 3:25:52 PM , Rating: 1
The higher the amount an executive makes, the lower the quality of the executive in terms of causing increases in profits. Also, the lower the quality of the executive, the more they retire with. A normal package for retirement is 10 days of pay for every 1 day you are at the "helm" for your company. Retiring with 150 million dollars is relatively small for "executives". These people make MORE if they screw up and leave. this has nothing to do with peoples' thoughts on amd products or ati acquisitions. They make certain that their own pay and infinite wealth has nothing to do with anything performance related.

he just felt like playing golf and then making more money on another board while underperforming.

yay.




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