Reported about 20 hours ago
Pat Gelsinger, the recently ousted CEO of Intel, is set to receive a severance package totaling up to $12 million, as disclosed in a regulatory filing. This payout includes $1.9 million in base salary for the next 18 months, plus a bonus based on his time as CEO. Gelsinger's departure follows unsuccessful attempts to implement a turnaround plan for the struggling chipmaker.
Source: YAHOO