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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.
6h
Intel taps 2 for board — including Microchip CEO — as post-Gelsinger stock slide continues
Steve Sanghi is the chairman of Microchip Technology (Nasdaq: MCHP), a chipmaker that has a plant in Gresham. He was ...
tom's Hardware on MSN
14h
Intel appoints two new board members with semiconductor backgrounds following Gelsinger exit
Intel has appointed Eric Meurice, former CEO of ASML, and Steve Sanghi, chairman and interim CEO of Microchip Technology, to ...
8h
Intel Shakes Up Board With ASML And Microchip Technology Veterans Amid CEO Transition
Intel Corporation has appointed semiconductor industry veterans Eric Meurice and Steve Sanghi to its board of directors, the ...
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 ...
22h
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 ...
1d
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
20h
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 ...
3d
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 ...
The Business Journals
1d
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, ...
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Related topics
Intel
Pat Gelsinger
David Zinsner
Johnston Holthaus
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