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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.
CRN
1h
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 ...
2h
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 ...
7h
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 ...
CRN
17h
Interim Intel Co-CEO: ‘The Core Strategy Remains Intact’
Interim Intel co-CEO David Zinsner said on Wednesday that the chipmaker’s “core strategy remains intact” and offered further ...
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 ...
TweakTown
3d
Intel announces that CEO Pat Gelsinger has retired, and the search is on for his replacement
Pat has suddenly departed - which is not really a big surprise, given the year Intel's had - and Zinsner plus Holthaus are ...
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 ...
ReadWrite
2d
Intel CEO Pat Gelsinger retires, reports of ultimatum by board
Over the weekend, Intel announced the retirement of its CEO Pat Gelsinger who has been in the role since February 2021.
1d
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.
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
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