Arm Forecasts Chip Away Bonuses

Summary


TWO cuts to revenue forecasts last year from chip developer ARM Holdings resulted in its directors taking up to 20% less pay, writes James Rossiter.

Chief executive Warren East saw his total pay package clipped 17% to Pounds 341,470 from Pounds 411,632 in 2004 as his bonus was pared to a mere Pounds 6,749 - the highest bonus for any main board director.

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Extract


Arm Forecasts Chip Away Bonuses

ARM, whose designs are used in the iPod musi...

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