ad Silicon Tails: Underperform, miss targets - and receive a bonus

Wednesday, February 16, 2005

Underperform, miss targets - and receive a bonus

Nvidia to pay execs about $1 million in bonuses
According to a statement by Nvidia last week the company's compensation committee awarded bonuses exceeding $1 million to 5 top executives. However, they did not award the bonuses based on corporate performance, as Nvidia did not achieve the previously established revenue and gross margin targets for fiscal 2005. The statement does not state on what grounds the bonuses were awarded if not on performance.

Wonder if underperforming individual contributors at Nvidia receive year-end bonuses too? I doubt it......