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Kenneth L. Schroeder served as the Chief Executive Officer of KLA-Tencor from 1999 to 2005, a company known for its role in the semiconductor equipment sector. Starting his career at KLA Instruments in 1979, he climbed the ranks from President...

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Kenneth L. Schroeder

Ex-CEO of KLA Corporation

Education

Bachelor's degree in Business Administration from the University of California, Berkeley

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

January 1, 1958 - 67 years ago

CEO of KLA Corporation for

6 years 0 months (Jan 1999 - Jan 2005)

Previous Experience

President and Chief Operating Officer from 1991 to 1999.

Holdings

See how much did Kenneth L. Schroeder make over time.

During his time at KLA-Tencor, Kenneth L. Schroeder's wealth was closely tied to his stock holdings. By 2005, he held approximately 744,532 unexercised options, worth an estimated $19.5 million at that time. In 2004, he vested 158,950 stock options, reflecting...

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Insider Trading

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Compensation History

See how much did Kenneth L. Schroeder make over time.

In 2004, Kenneth L. Schroeder's total compensation as CEO of KLA-Tencor reached approximately $1.78 million. His salary was $581,195, while the bulk of his payout came from a bonus of $1,183,023, reflecting a solid performance under the company's Executive Incentive Plan. However, despite his earnings, he faced scrutiny over stock option practices, which played a role in the investigation leading to his departure in 2006. His compensation strategy was based on aligning the interests of executives with the company's financial goals, aiming to create value for shareholders. This emphasis on performance is evident in the substantial bonuses tied to the company's success despite the challenges toward the end of his leadership.

Year

2004

Total Compensation

$1.76M

Salary

$581.20K

Board Justification

The compensation philosophy is designed to attract, retain, and reward executives who contribute to the overall success of the Company, aligning their interests with those of the shareholders.

Bonus

$1.18M

Board Justification

The bonus is based on the Executive Incentive Plan and the Outstanding Corporate Performance Bonus (OCPB) for fiscal year 2004, with the total payout being a combination of both plans.

Other

$0.00

Board Justification

No other compensation was reported for 2004.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2004 as the stock grants were not specified in this year.

Performance Metrics

The performance metrics for determining the compensation included financial performance and strategic business objectives.