( ESNUG 548 Item 4 ) -------------------------------------------- [04/03/15]
Subject: Cooley scolded for not knowing how little ALTR execs would get
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And the 6th stakerholder who really, really, REALLY wants INTC/ALTR to
come through? Altera's upper management. It's been my experience the
upper management of any acquired-for-$13-billion company walk away
with massive WE'RE-SET-FOR-LIFE multi-million dollar golden parachutes.
"It's the American Dream! It's the ultimate exit strategy, baby!!!"
- John Cooley of DeepChip.com
http://www.deepchip.com/items/0548-02.html
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From: [ Keeping It Real ]
Hi, John,
Please publish this and keep me anonymous.
I'm assuming you've heard that the Altera executives turned down the $54 per
share offer from Intel, yes?
Here's exactly what the ALTR executives turned down:
total Mar 26th Intel
ALTR ALTR offer
shares held at $34.58 at $54.00
----------- ----------- ---------
John Daane, CEO 602,343 $20.8 M $32.5 M
Katherine Schuelke, Legal Counsel 41,146 $1.4 M $2.2 M
Ron Pasek, CFO 31,955 $1.1 M $1.7 M
William Hata, VP Engineering 17,793 $0.6 M $0.9 M
Brad Howe, SVP R&D 16,007 $0.5 M $0.8 M
Jeff Waters, GM of BUs 11,364 $0.4 M $0.6 M
Danny Biran, SVP Marketing 9,685 $0.3 M $0.5 M
Kevin Lyman, SVP of HR 4,608 $0.1 M $0.2 M
Other than John Daane personally losing $10.7 million by rejecting the INTC
offer, the rest aren't turning down big money. Making an avg of $300,000
added dollars is not hardly enough to retire in Silicon Valley with.
This was not the Learjet and yacht deal that you portrayed, Cooley. I'm
thankful that Daane bravely rejected the lowball Intel offer. Altera
has a lot more value to give its customers and shareholders than $54.
- [ Keeping It Real ]
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