Article 1 - By DON CLARK And JOANN S

Article 1 - By DON CLARK And JOANN S - Article 1 - CEO Hunt...

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Article 1 - CEO Hunt at AMD Drags On - WSJ - July 22 nd 2011 By DON CLARK And JOANN S. LUBLIN Millions of Americans are unemployed and looking for work, yet at least one well-paying job has gone unfilled this year. Advanced Micro Devices Inc.'s search for a new chief executive has entered its seventh month, a delay seen as an indicator of the challenges facing the chip maker's next leader. A number of prominent executives—including Michael Capellas, the former chief of WorldCom Inc. and Compaq Computer Corp., and William Nuti, chief executive of NCR Corp.—have turned down approaches by AMD since the company's board forced out its leader, Dirk Meyer, in January, people familiar with the situation said. AMD negotiated with one promising candidate from outside the semiconductor industry, but those talks fell apart last month over issues that included a proposed pay deal, one of these people said. The company, which released quarterly results Thursday, did not provide a timetable for naming a successor to acting Chief Executive Thomas Seifert. But Harry Wolin, AMD's senior vice president and general counsel, said its board is pleased with the quality of the candidates interviewed so far and is confident in its "robust and active" search process. "Meeting a timeline is not the driving force for the search," Mr. Wolin said during a conference call. "Finding the right candidate is."
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Article 1 - By DON CLARK And JOANN S - Article 1 - CEO Hunt...

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