Bill Nuti, NCR CEO, made $16.8M in 2007, a 141% increase

Bill Nuti, NCR's CEO, made $16.8M in total compensation in 2007, an increase of 141% over 2006 (which was $6.8M).

In 2007, NCR closed facilities in Scotland and Canada, outsourcing some manufacturing (Solectron/Flextronics in the USA) or moving it to low cost countries (Hungary, India). Moreover, the Customer Engineers had their pay and benefits slashed severely. In 2008, there is a hiring freeze in effect, as well as coop student hiring freeze. Many employees also got a zero % increase for 2008.

Also, NCR has spun off Teradata as a separate company in September, and NCR is now a smaller company with smaller revenue.

It seems that these cost cutting measures were seen by the board of directors as positive and warranted the 141% raise for Nuti.

In reality, Nuti only made $9.3M in 2007, but accounting rules have to state the value of shares from the spinoff in a way to make it look like he got $16.8M. Still, an increase from 6.9M to 9.3M is sizeable for a company that has shrunk, and closures, and ongoing cost cuts.

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NCR CUTS CUSTOMER ENGINEER'S PAY

NCR CUSTOMER ENGINEERS UNITE AND CALL STEVE SMITH OF THE IBEW AT 978-302-3690 OR EMAIL IBEWRCN@YAHOO.COM ALSO CHECK OUT THE "BLOG" AT WWW.NCRWORKERS.BLOGSPOT.COM

NCR CUSTOMER ENGINEER'S ORGANIZING WITH IBEW

RECENTLY NCR DEMOTED OVER 500 OF ITS CUSTOMER ENGINEER'S NATIONWIDE. NCR CUSTOMER ENGINEER'S ARE NOW ORGANIZING WITH THE IBEW, FOR INFORMATION CALL STVE SMITH AT 978-302-3690 OR EMAIL IBEWRCN@YAHOO.COM ALSO CHECK "BLOG" AT WWW.NCRWORKERS.BLOGSPOT.COM

NCR is a crap company sine

NCR is a crap company sine Nuti took over. New is the fact they no longer care about their employees.

nutty bill is vermin and

nutty bill is vermin and dosnt give a shit about ncr employees only profits, He typifys why the majority of the world hate americans I hope osama bin laden gets him

IF ONLY ALL NCR EMPLOYEES

IF ONLY ALL NCR EMPLOYEES COULD UNITE AND HAVE A GLOBAL ONE DAY STRIKE!!!! WE COULD RID THE COMPANY OF bill nutti and HAVE OPTOMISM FOR THE FUTURE OF NCR AND ITS EMPLOYEES AND SEND nutti OFF WITHOUT GIVING HIM THE $MILLIONS HE WILL SNEAK OFF WITH HAVING RAPED AND PILLAGED

LET nutti ROT IN HELL