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 chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
The move to replace Gelsinger - who took charge of Intel less than four years ago - came after the board decided that the ...
Intel has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief ...
Intel’s stock has plummeted 61% since Gelsinger took the helm in February 2021, according to Dow Jones Market Data. The S&P ...
Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.
On Monday, Intel's interim leadership addressed outgoing CEO Pat Gelsinger's abrupt departure, in an internal meeting.
Intel’s shares rose 5% Monday after the company announced the 63-year-old Gelsinger, who began his career at the chipmaker in ...
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