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 shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.
Gelsinger announced his turnaround plan in July 2021 and then embarked on a spending spree, starting construction on a ...
Intel has begun a search for a new CEO following the sudden departure of Pat Gelsinger. Here are key issues Intel stock ...
Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster ...
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