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Intel's Gelsinger joins 2024's CEO exodus
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 from the struggling chipmaker, according to company filings.
Intel will pay $7M in severance to former CEO Pat Gelsinger, plus millions more in bonuses
Intel’s hiring agreement with Gelsinger promised him a severance payment of 18 months of his salary and his annual target bonus if he resigned “for good reason.” In a regulatory filing Tuesday, Intel said that it had agreed to pay him that in connection with his retirement.
Intel’s ex-CEO Pat Gelsinger set to net $10M in severance pay
Intel's newly departed ex-CEO Pat Gelsinger could be walking away with more than $10 million in severance pay.
Intel’s former CEO Pat Gelsinger set to receive over $10 million in severance
Pat Gelsinger, the former CEO of Intel Corporation, will depart the Bay Area tech giant with a severance package valued at up to $10.18 million, according to a filing with the U.S. Securities and Exchange Commission.
Intel’s Gelsinger Resigns, Gets $12 Million Payoff After Less Than 4 Years
Pat Gelsinger, former Intel CEO, will receive a $12 million severance after resigning due to ineffective turnaround plans.
Opinion
Gelsinger departs Intel with $9.7M handshake
Outgoing Intel chief executive Pat Gelsinger is set to receive severance pay of around $9.7 million following his departure from the chip giant. Yesterday, Chipzilla confirmed the exit of the 40-year industry veteran in a move it hopes bolsters investor confidence in the ailing Silicon Valley biz following a year of turmoil.
Intel reveals Gelsinger severance
Gelsinger's severance is in line with the terms of his CEO employment agreement with Intel "in the event Mr. Gelsinger's employment is terminated by Intel without 'Cause' or he voluntarily resigns for Good Reason." It starts with a payment of 18 months of his annual base salary of $1.25 million, yielding nearly $1.9 million.
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 Gelsinger gets at least 7 million dollar severance pay
Update 03/12/2024 by Martijn van Best - It is now clear how much former Intel CEO Pat Gelsinger will take with him in wages, bonuses, and other severance
Intel’s ousted CEO Gelsinger to receive up to $12 million payout
Intel former CEO Pat Gelsinger could get as much as $12 million as payout, a regulatory filing showed on Tuesday, following his ouster from the struggling U.S. chipmaker. The company said
What Pat Gelsinger's Retirement Likely Means for Intel Stock
Intel (NASDAQ: INTC) is set to begin a new phase of its history amid the sudden retirement of CEO Pat Gelsinger. Gelsinger spent most of his career at Intel. He helped to develop the i486 microprocessor in the 1980s,
Fortune on MSN
3d
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
Pat
Gelsinger
could have earned more than $200 million as Intel CEO—if he met performance targets. © 2024 Fortune Media ...
tom's Hardware on MSN
2d
Shareholders pay up as Intel ex-CEO Pat Gelsinger is reportedly set to depart with a $12 million golden handshake
Two days ago, the industry was taken aback by Pat Gelsinger's surprise resignation - suddenly deciding to step down as the ...
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