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Intel, Pat Gelsinger
Intel's Pat Gelsinger departing chipmaker with millions in severance
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.
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’s former CEO Pat Gelsinger set to receive over $10 million in severance
Pat Gelsinger, the former CEO of Intel Corporation, will depart the Bay Area tech giant with a severance package valued at up to $10.18 million, according to a filing with the U.S. Securities and Exchange Commission.
Fortune on MSN
4d
Pat Gelsinger lost out on massive $140 million performance bonus—but he’ll have earned at least $46 million for his four years as Intel’s CEO
Pat
Gelsinger
could have earned more than $200 million as Intel CEO—if he met performance targets. © 2024 Fortune Media ...
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3d
Intel’s Gelsinger Resigns, Gets $12 Million Payoff After Less Than 4 Years
Pat Gelsinger, former Intel CEO, will receive a $12 million severance after resigning due to ineffective turnaround plans.
4d
Intel's ousted CEO may get more than $10 million in severance
Outgoing Intel CEO Pat Gelsinger is set to get paid as much as $10 million as he exits the struggling tech giant.
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