LSI reorganized its semiconductor business, consolidating both its storage and its networking chips businesses ino one “semiconductor solutions” group reporting to Jeffrey Richardson, who was made an executive vice president and general manager. Philip Brace, who used to head up Read the rest of this entry »
When LSI purchased Agere Systems in 2007, it agreed to maintain roughly the same benefits to former Agere executive for a period of two years with a plan to have a unified perquisite program for all executive officers in 2009.
However, last week LSI agreed to extend special benefits for an additional year for one former Agere executive, Andrew Micallef, who now serves as LSI’s executive vice president in charge of worldwide manufacturing, according to a filing today with the SEC. The benefits are related to his location in Singapore and are “intended to allow individuals receiving its benefits to work in a country other than their home country and experience a similar standard of living to what they could experience in their home country.”
What does that entail? For Micallef, the extra benefits include: Read the rest of this entry »
It looks like four years into the job, LSI’s chief executive, Abhijit Talwalkar still isn’t sure he wants it. How else to explain the company’s second extension of an originally two-year agreement with Talwalkar to pay him $5,000 a month for housing and tens of thousands a year to pay for his commute between Oregon and the Bay Area. Read the rest of this entry »
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