SiliconBeat

Netgear became the latest Silicon Valley public company to announce it will cut salaries for its executives. On Tuesday, the company’s board of directors approved a “temporary 10% reduction in the annual base salaries of all full time senior managers at the vice president level or above including the Chief Executive Officer, Chief Financial Officer and other Named Executive Officers,” according to a filing the company made Thursday.

News of the pay cuts was filed the same day the company Read the rest of this entry »

Beginning last Monday the brass at Santa Clara’s Applied Materials took their second 10 percent pay cut in less than a year “in order to reduce costs due to deteriorating global economic and industry conditions,” according to a filing today with the SEC.

Applied’s Chief executive Michael Splinter, who was making $980,000 a year at the start of the 2008 fiscal year in November 2007, after getting a Read the rest of this entry »

Applied Micro Circuits, which warned it was planning a “restructuring” without giving any details when it filed its earnings late last month, provided some in a filing with the SEC late Thursday.

The company’s board approved a restructuring plan Jan. 27 that includes letting go of “slightly over 100 people.” In October the company announced it would Read the rest of this entry »