SiliconBeat

It appears that the job of leading JDS Uniphase is slightly less valuable on a cash basis these days. The new chief executive as of Jan. 1, Thomas Waechter, will be paid $700,000 a year in salary, $100,000 less than the current CEO, Kevin Kennedy, according to a regulatory filing Thursday. Waechter, who joined the company a year ago in October, is currently an executive vice president in charge of JDS’s communications test & measurement group.

Kennedy, who told the company in October he would be resigning, isn’t going far. Like so many executives, he’ll be retained as a consultant for awhile, and he’ll continue Read the rest of this entry »