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BRIEFLY

Technology

April 06, 1993|From Times Staff and Wire Reports

Big Numbers for Advanced Micro's Boss: Advanced Micro Devices Inc. gave its chairman, W. Jerry Sanders III, a 73% raise last year to $2.98 million in salary and bonus, according to the Sunnyvale-based firm's proxy. Advanced Micro said Sanders also received $3.9 million in restricted stock awards last year as a result of the company's turnaround. The award brought his total holdings in the nation's sixth-largest semiconductor maker to about 1.4 million shares, valued at $30.7 million. The Advanced Micro proxy had been delayed because California Public Employees' Retirement System had demanded that Sanders step aside as chairman and allow an independent director to replace him. CalPERS dropped the request last month after negotiations, said John Greenagel, a company spokesman.

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