Advanced Micro Shareholder Sues Over New CEO’s Stock Grant
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An Advanced Micro Devices Inc. investor accused company directors of violating an executive-compensation plan by giving new Chief Executive Officer Lisa Su more than 6 million shares as part of her pay package.
Su, tapped to run the troubled computer chipmaker last month, was awarded more than 6.4 million AMD shares in violation of the company’s pay plan, which limits such awards to 3 million shares per year, shareholder Thuan Hong said today in a Delaware Chancery Court lawsuit.