Sun executives hefty pay increase for 2006, six times the most high

Beijing on September 21 news, Sun announced this week three, the company CEO Qiaonasenshu Watts (Jonathan Schwartz) and Chairman of the Board Mike Scott Neely (Scott McNealy) 2006 salary increase for the year. While Sun has not profitable this year, but spending has been cut through layoffs and regain some market share.

Schwartz total compensation in 2006 will reach 22.8 million U.S. dollars, far more than 3 million U.S. dollars in 2005, or six times over; McNealy total compensation in 2006 will reach 16.5 million U.S. dollars, as far more than 4.2 million in 2005 dollars. The two Sun executives total compensation increase from the company granted restricted stock, of which Schwartz was worth 12.97 million U.S. dollars will be restrictions on equity, while McNealy will be worth 6.7 million U.S. dollars equity restrictions.

According to Sun to the United States Securities and Exchange Commission filings, Schwartz fiscal year 2006 will be 290 million shares, received only 80 million shares in 2005; McNealy will receive 300 million shares in 2005 was only 125 million shares. The right of the line prior to the date, if the Sun shares rose 5% annually, Schwartz received options in fiscal year 2006, the value will reach 8.4 million U.S. dollars, McNealy was the value of equity will reach 8.7 million U.S. dollars.

Sun said it obtained 290 million in equity McNealy, 90 million shares exercisable at a price of 3.85 U.S. dollars, and exercise date July 28, 2015. McNealy remaining 200 million shares, and Schwartz 210 million stake in the exercise price of 4.95 U.S. dollars, and exercise date April 27, 2016. Week 3, Sun shares in the Nasdaq rose 0.04 cents, or 5.16 U.S. dollars, or 0.78%.







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