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.
Corporate governance changes are usually far afield from my coverage area, but Gelsinger’s descension merits an exception.
Intel might have just taken the lead. With the sudden departure this week of CEO Pat Gelsinger, and shares down 52% year to date, the company is an early favorite for Ugliest Turnaround Attempt of ...
CEO Pat Gelsinger suddenly retired from his chief executive role at the chipmaker over the weekend. Gelsinger began working ...
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