Thomas J. Seifert is best known for serving as the interim CEO of Advanced Micro Devices (AMD) from January to August 2011. During his short tenure, he earned a performance bonus of $746,000 for his leadership. In total, his compensation...
Thomas J. Seifert is best known for serving as the interim CEO of Advanced Micro Devices (AMD) from January to August 2011. During his short tenure, he earned a performance bonus of $746,000 for his leadership. In total, his compensation for that year was about $1.37 million, which included a base salary of $606,000. Seifert previously held the titles of CFO and COO at Qimonda AG, showcasing his extensive experience in finance. He also holds a bachelor’s degree as well as two master’s degrees in Mathematics and Economics and in Business Administration. What really stands out is his stake in AMD. He owned 151,842 shares of common stock valued over $21 million, along with 102,250 restricted stock units that were worth more than $14 million. This highlights his strong belief in the company's future during his time there. After leaving AMD, he didn't just disappear; instead, he smoothly transitioned out, ensuring that his role was covered by a capable successor. Seifert played a crucial part in connecting executive pay to performance metrics, which reflects a strategic move towards better alignment between management and company goals. This approach could be seen as a way to stabilize AMD during a challenging time in the tech sector.