Intel, Pat Gelsinger
Oregonian · 5d
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.
The Business Journals · 6d
Intel reveals Gelsinger severance
Gelsinger's severance is in line with the terms of his CEO employment agreement with Intel "in the event Mr. Gelsinger's employment is terminated by Intel without 'Cause' or he voluntarily resigns for Good Reason." It starts with a payment of 18 months of his annual base salary of $1.25 million, yielding nearly $1.9 million.
SFGate · 4d
Inside Intel CEO Pat Gelsinger's Incredible $18 Million California Property Portfolio as He Retires From Struggling Tech Company
Intel CEO Pat Gelsinger announced he has retired from his role at the struggling tech company and has also stepped down from its board of directors, a move that took effect Dec. 1, 2024—and one that saw Intel's stock rise by 3.
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