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Intel, Pat Gelsinger
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’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 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.
Former Intel CEO Pat Gelsinger calls for prayer and fasting for employees
Former Intel CEO Pat Gelsinger took to social media to invite people to pray and fast for the chipmaker's employees, saying the company is going through a "difficult period."
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 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.
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 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
Inside Intel CEO Pat Gelsinger's Incredible $18 Million California Property Portfolio as He Retires From Struggling Tech Company
Intel CEO Pat Gelsinger announced he has retired from his role at the struggling tech company and has also stepped down from its board of directors, a move that took effect Dec. 1, 2024—and one that saw Intel's stock rise by 3.
These 2 Chip Stocks Are Set to Capitalize on Intel's CEO Crisis
Investors don't seem to know what to do with Intel's (NASDAQ: INTC) recent CEO announcement. The ailing chipmaker issued a press release before markets opened on Monday saying that CEO Pat Gelsinger,
Pat Gelsinger abruptly exits Intel
The search is on for a permanent replacement…or maybe a buyer.
Fortune on MSN
6d
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 ...
6d
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.
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