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Intel's ousted CEO may get more than $10 million in severance
Outgoing Intel CEO Pat Gelsinger is set to get paid as much as $10 million as he exits the struggling tech giant.
Intel CEO Pat Gelsinger ousted by board after disastrous underperformance
Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Frank Yeary will serve as interim executive chair.
Ousted Intel CEO Pat Gelsinger is leaving the company with millions
Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.
Here's what Wall Street analysts say is ahead for Intel after CEO Pat Gelsinger's departure
Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more uncertainty ahead for the chip maker.
Pat Gelsinger lost out on massive $140 million performance bonus—but he’ll have earned at least $46 million for his four years as Intel’s CEO
When Intel hired Gelsinger in 2021 to revive the chipmaker's fortunes, he received a pay package that would have been worth as much as $206 million if he had met performance targets.
The Business Journals
23h
Intel taps 2 for board as post-Gelsinger stock slide continues
while driving greater efficiency and improving profitability,"
Frank
Yeary
, interim executive chair of the Intel board, ...
9h
Intel adds two new directors with CEO search underway
Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as ...
CRN
8h
Intel Adds Two Veteran Semiconductor Leaders To Its Board
Intel said on Thursday that it has added former ASML CEO Eric Meurice and interim Microchip Technology CEO Steve Sanghi to ...
1d
Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then ...
The Business Journals
23h
What's next for Intel after CEO Pat Gelsinger's departure
Holthaus also was appointed CEO of Intel Products, a new position. "We know first and foremost that we must put our product group at the center of it all," Intel Board Chair
Frank
Yeary
said. That ...
14h
on MSN
Intel's Pat Gelsinger departing chipmaker with millions in severance
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down ...
2d
Why Intel Stock May Fall After Its CEO's Removal
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s ...
2d
Intel shares slide as Gelsinger exit leaves chipmaker without a ‘quick fix'
Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.
Impacts
1h
Intel Welcomes Eric Meurice and Steve Sanghi to Board of Directors
Intel has welcomed Eric Meurice and Steve Sanghi to the board of directors. Takeaway Points Intel welcomes Eric Meurice and ...
2d
on MSN
Are Intel’s Problems Too Big to Fix?
Pat Gelsinger’s exit might open some options, but Intel’s struggles in manufacturing technology and market shifts are still ...
Local News Matters on MSN
2d
Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titan
Intel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...
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Intel
Pat Gelsinger
David Zinsner
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