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.
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Intel’s Gelsinger Resigns, Gets $12 Million Payoff After Less Than 4 YearsPat Gelsinger, former Intel CEO, will receive a $12 million severance after resigning due to ineffective turnaround plans.
It’s been a quiet few news days as everyone seemingly parses deals from Black Friday through to Cyber Monday. But there’s ...
Analysts expect a shake-up to Intel’s foundry business on the heels of Pat Gelsinger’s dramatic exit. Intel’s stock has plummeted 61% since Gelsinger took the helm in February 2021, according to Dow ...
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