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.
A new boss will have to decide whether to abandon the company’s hopes of becoming a chip-manufacturing leader.
Gelsinger's severance is in line with the terms of his CEO employment agreement with Intel "in the event Mr. Gelsinger's ...
Intel is in the process of shedding many non-core products and related assets while showing very positive results in its ...
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Intel Corp. (INTC) announced Monday that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has ...
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