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Jerre Stead

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BUSINESS
December 29, 1998 | From Times Staff and Wire Reports
Ingram Micro Inc., the No. 1 personal computer distributor, said Chairman and Chief Executive Jerre Stead bought 1 million shares of company stock, which he plans to keep for the "foreseeable future." Stead bought the stock using options, a first for the Santa Ana-based company's CEO. Drawing from his own money, Stead bought the shares at $18 each on Thursday. He now owns 1.2 million shares of the company's common stock, company officials said Monday.
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BUSINESS
October 29, 1999 | Jonathan Gaw
In an unusually candid statement by a corporate chieftain, the chief executive of Ingram Micro Inc. said Thursday that severe health problems faced by several of his family members led to the Santa Ana-based company's beginning a search for his successor.
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BUSINESS
May 30, 1999
Your article titled "O.C. Execs' Pay Jumps, but Stock Brings More" (May 24) regarding executive pay missed several important items regarding the compensation of Jerre Stead, chairman and chief executive of Ingram Micro Inc. The article cited $15.9 million "paid" in total compensation for 1998 based on the exercise of stock options. Ingram Micro did not pay Mr. Stead $15.9 million. It granted him options to purchase stock in the company valued at $15.9 million above his exercise costs.
BUSINESS
October 29, 1999 | JONATHAN GAW, TIMES STAFF WRITER
In an unusually candid statement by a corporate chieftain, the chief executive of Santa Ana-based Ingram Micro Inc. said Thursday that severe health issues faced by several of his family members caused the company to begin searching for his successor.
BUSINESS
October 29, 1999 | Jonathan Gaw
In an unusually candid statement by a corporate chieftain, the chief executive of Ingram Micro Inc. said Thursday that severe health problems faced by several of his family members led to the Santa Ana-based company's beginning a search for his successor.
BUSINESS
December 29, 1998 | From Times Staff and Wire Reports
Ingram Micro Inc., the No. 1 personal-computer distributor, said Chairman and Chief Executive Jerre Stead bought 1 million shares of company stock, which he plans to keep for the "foreseeable future." Stead bought the stock by using options, a first for the CEO of the Santa Ana-based company. Drawing from his own money, Stead bought the shares at $18 on Dec. 24. He now owns 1.2 million shares of the company's common stock, Ingram officials said Monday.
NEWS
September 9, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Orange County's highest-paid executive, who runs technology giant Ingram Micro Inc., said Wednesday that he is giving up the day-to-day reins of the world's largest computer distributor. The surprise announcement from Jerre Stead, who since 1996 has built the Santa Ana-based company into a global technology powerhouse, comes as Ingram has stumbled amid an industrywide slump that has seen vicious price-cutting erode profits.
BUSINESS
July 28, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
For years, Ingram Micro Inc. has made its fortune not by producing things but by acting as a giant middleman between the manufacturers and sellers of personal computers. To most, the Santa Ana company's operations are invisible, obscure and downright boring. But they are far from small. With $16.6 billion in sales last year and a market cap of nearly $6.
BUSINESS
October 29, 1999 | JONATHAN GAW, TIMES STAFF WRITER
In an unusually candid statement by a corporate chieftain, the chief executive of Santa Ana-based Ingram Micro Inc. said Thursday that severe health issues faced by several of his family members caused the company to begin searching for his successor.
BUSINESS
August 28, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Ingram Micro Inc., the world's largest distributor of microcomputer products, Tuesday named a new chief executive who said he would work for no salary. Jerre L. Stead, 53, who also was named chairman, said he would take compensation in stock options to be granted if the company meets certain financial goals.
NEWS
September 9, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Orange County's highest-paid executive, who runs technology giant Ingram Micro Inc., said Wednesday that he is giving up the day-to-day reins of the world's largest computer distributor. The surprise announcement from Jerre Stead, who since 1996 has built the Santa Ana-based company into a global technology powerhouse, comes as Ingram has stumbled amid an industrywide slump that has seen vicious price-cutting erode profits.
BUSINESS
May 30, 1999
Your article titled "O.C. Execs' Pay Jumps, but Stock Brings More" (May 24) regarding executive pay missed several important items regarding the compensation of Jerre Stead, chairman and chief executive of Ingram Micro Inc. The article cited $15.9 million "paid" in total compensation for 1998 based on the exercise of stock options. Ingram Micro did not pay Mr. Stead $15.9 million. It granted him options to purchase stock in the company valued at $15.9 million above his exercise costs.
BUSINESS
December 29, 1998 | From Times Staff and Wire Reports
Ingram Micro Inc., the No. 1 personal-computer distributor, said Chairman and Chief Executive Jerre Stead bought 1 million shares of company stock, which he plans to keep for the "foreseeable future." Stead bought the stock by using options, a first for the CEO of the Santa Ana-based company. Drawing from his own money, Stead bought the shares at $18 on Dec. 24. He now owns 1.2 million shares of the company's common stock, Ingram officials said Monday.
BUSINESS
December 29, 1998 | From Times Staff and Wire Reports
Ingram Micro Inc., the No. 1 personal computer distributor, said Chairman and Chief Executive Jerre Stead bought 1 million shares of company stock, which he plans to keep for the "foreseeable future." Stead bought the stock using options, a first for the Santa Ana-based company's CEO. Drawing from his own money, Stead bought the shares at $18 each on Thursday. He now owns 1.2 million shares of the company's common stock, company officials said Monday.
BUSINESS
July 28, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
For years, Ingram Micro Inc. has made its fortune not by producing things but by acting as a giant middleman between the manufacturers and sellers of personal computers. To most, the Santa Ana company's operations are invisible, obscure and downright boring. But they are far from small. With $16.6 billion in sales last year and a market cap of nearly $6.
BUSINESS
August 28, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Ingram Micro Inc., the world's largest distributor of microcomputer products, Tuesday named a new chief executive who said he would work for no salary. Jerre L. Stead, 53, who also was named chairman, said he would take compensation in stock options to be granted if the company meets certain financial goals.
BUSINESS
April 13, 1999 | Jonathan Gaw
Ingram Micro Inc. Chairman and Chief Executive Jerre Stead realized a $15.9-million gain from exercising stock options last year. After exercising options to buy 1 million Ingram shares in December, Stead still has 2.8 million exercisable and unexercisable shares, the company said in its annual proxy statement filed Monday with the Securities and Exchange Commission. Stead's stake in Ingram was $58.6 million based on Monday's closing stock price of $20.94.
BUSINESS
September 9, 1996 | GREG MILLER, TIMES STAFF WRITER
Linwood "Chip" Lacy Jr., who helped build Santa Ana-based Ingram Micro into a computer distribution powerhouse before resigning suddenly in May, has agreed to become chief executive of a Connecticut computer retailer. Lacy has been named CEO of Micro Warehouse, which is based in Norwalk and is a specialty retailer of computer hardware and software. Ingram Micro recently named Jerre Stead, a former AT&T Corp. executive, to replace Lacy as chairman and chief executive.
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