Comments on: More Complaints About Executive Pay

By: aa

aa — Mon, 22 Dec 2008 17:03:38 +0000

Hi;

This complaint is about the very high compensation of the Magma Design Automation Inc. executive

management at the expense of share holders money, while the company is doing poorly. The stock price

is dropped from $13 to $0.99, and the executive compensation is more than doubled. Following is the

summary of the compensation from yahoo financials:

Pay Exercised
Mr. Rajeev Madhavan , 42
Chairman and Chief Exec. Officer $ 740.00K $ 0
Mr. Roy E. Jewell , 53
Pres, Chief Operating Officer $ 740.00K $ 1.19M
Mr. Peter S. Teshima , 50
Chief Financial Officer, Principal Accounting Officer and VP of Fin. $ 411.00K $ 0
Mr. David H. Stanley , 61
Corp. VP of Corp. Affairs and Corp. Sec. $ 397.00K $ 0
Mr. Saeid Ghafouri , 50
Advisor $ 856.00K $ 346.00K

Moreover, there is a $ 856.00K salary for Mr. Saeid Ghafouri, as an Advisor. He does not work with

the company and there is no reason to pay him such a high salary. I need a complete investigation

into these issues and the management salary should be reduced and share holders money should be

returned.

Thanks,

By: Leon Gettler

Leon Gettler — Fri, 02 Dec 2005 13:35:47 +0000

It really boils down to a question of incentives. What exactly is being rewarded here? The answer is obvious. http://www.soxfirst.com/50226711/fat_merger_payouts_and_incentives.php

By: J

Fri, 02 Dec 2005 04:31:52 +0000

I’ve got to agree with LH – BODs in cahoots with senior management are a root, if not the root of the pRoblem. Bankruptcy law in particular should treat board members MUCH more harshly than they do now.

By: laurence haughton

laurence haughton — Thu, 01 Dec 2005 17:17:29 +0000

Sorry Grasso. It’s early here on the left coast.