Reported 1 day ago
Pat Gelsinger's unexpected resignation as CEO of Intel concludes his four-year tenure with earnings of at least $46 million, including severance, as he misses out on a potential $140 million performance bonus due to the company's struggling stock. Gelsinger, who had aimed to revitalize Intel amid its significant challenges, found his performance-based rewards drastically reduced as the stock price fell substantially during his leadership. Although he leaves Intel with a substantial payout, his departure reflects both the urgency for the company's turnaround and the difficulties he faced in achieving his goals.
Source: YAHOO