Analog Devices has paid above the going interest rate on deferred compensation of its executives and board members. Last year, they paid 6.48% when Treasury bonds were paying 4.64%. This 'slight' differential resulted in the CEO earning $8.7 million in interest alone last year. Of course, his $144.7 million in deferred compensation that he took home last year dwarfed the interest payment. Oh, he also had a salary of $931,000, a bonus of $414,000, options on 400,000 more shares, and $2.85 million he took in when he exercised older options.
You gotta love it! Otherwise, you'd want to cry at the greed of some people and the failure of the board to exercise fiscal responsibility.
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