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 CEO Pat Gelsinger announces immediate retirement; 2 interim co-CEOs named
Shake up in Silicon Valley. Intel CEO Pat Gelsinger announces immediate retirement with the company naming two interim co-CEOs to lead the chipmaker. He started at Intel in 1979 and was its first chief technology officer.
Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.
Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster ...
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Gelsinger departs Intel with $9.7M handshakeCEO's severance pales in comparison to Musk's billion-dollar Tesla battle Outgoing Intel chief executive Pat Gelsinger is set ...
Leadership changes at large publicly traded companies from Boeing to Starbucks were a feature of the corporate landscape in a ...
Intel’s leadership change prompts a fresh look at its strategy. Read why INTC stock holds steady with a Hold rating, given ...
After Intel (INTC) announced the “unexpected” retirement of CEO Pat Gelsinger, BofA said the transition “does not come as a complete surprise” ...
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