Word: micro
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Although designed to provide executives with a strong incentive to perform well over time, stock options often seem to be used to reward executives who perform poorly. One prominent example is Advanced Micro Devices chairman Walter J. ("Jerry") Sanders. Although his firm's stock price has declined 35% over the past seven years, Sanders has pocketed some $29 million in option profits during the same period. United States Surgical Corp. chairman Leon Hirsch has been awarded 2.8 million shares (current market value: $186 million) since 1991, even though his company's stock has underperformed the Standard & Poor's 500 index...
...California, company for the silicon chips that serve as computer brains, IBM has moved to reduce its dependence on Intel by turning to competing vendors. In Europe, IBM last year began selling a low- cost line of PCs called Ambra, which runs on chips made by Intel rival Advanced Micro Devices. IBM also demonstrated a sample PC using a chip made by another Intel enemy, Cyrix. And last October IBM said it would begin selling the company's own chips to outsiders in direct competition with Intel...
...Intel can determine which PC maker survives or perishes. Competitors have also raised concerns about Intel's own entry into the PC market. They complain that the company favors customers that resell Intel-made machines with its newest and best chips. Says Walter J. ("Jerry") Sanders, chairman of Advanced Micro Devices: "It's clear to us that Intel is restricting competition by using bully-boy tactics...
...Federal Government must not micro-manage medical care...
...true that Arkansas is more complicated than the national press has revealed. And Little Rock is no Camelot-like micro-Washington...