tldrdailynews.com logo

Intel's CEO Transition: Gelsinger's $10M Exit and Successor Speculations

1 min read
Source: TechCrunch
Intel's CEO Transition: Gelsinger's $10M Exit and Successor Speculations
Photo: TechCrunch
TL;DR

Intel's former CEO Pat Gelsinger is set to receive over $10 million in severance pay following his departure, which includes 18 months of his base salary and bonuses. This comes amid a challenging period for Intel, marked by a significant drop in valuation and workforce layoffs due to poor financial results. Gelsinger's exit follows nearly four years as CEO, with interim co-CEOs now in place as Intel seeks a permanent replacement.

Topics:top-newsbusiness#business#ceo-departure#financial-performance#intel#pat-gelsinger#severance-pay
Share this article
  1. Intel’s ex-CEO Pat Gelsinger set to net more than $10M in severance pay  TechCrunch
  2. Exclusive-Intel's CEO-shortlist candidates include former board member Lip-Bu Tan, sources say  Yahoo Finance
  3. Intel Set to Pay Ousted CEO Gelsinger as Much as $10 Million  Bloomberg
  4. Are Intel’s Problems Too Big to Fix?  The Wall Street Journal
  5. Intel Announces Retirement of CEO Pat Gelsinger  Investor Relations :: Intel Corporation (INTC)

Want the full story? Read the original reporting

Read on TechCrunch