Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
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.
And now its CFO is tasked with helping to keep the company afloat. David Zinsner, EVP and CFO, and Michelle (MJ) Johnston ...
The chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
Intel is in the process of shedding many non-core products and related assets while showing very positive results in its ...
News that chip giant Intel will get a new CEO set the embattled chip maker's shares in motion Monday, with the stock ...
On Monday, Intel's interim leadership addressed outgoing CEO Pat Gelsinger's abrupt departure, in an internal meeting.
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