Intel announced nearly $180 million in CEO pay package amid turnaround efforts

intel corp appointed chief executive officer Pat Gelsinger Compensation last year that could be worth nearly $180 million, depending in large part on whether its sweeping turnaround efforts at the chip giant result in a sharp improvement in its stock price.

The $178.6 million 2021 salary package, disclosed in Intel’s annual proxy filing with the Securities and Exchange Commission on Wednesday, ranks Mr. Gelsinger second among CEOs of S&P 500 companies on Wednesday. Just discovery Inc CEO David Zaslav received $246.6 million more, according to SEC filings. A distant third is Apple Inc. CEO Tim cookat nearly $100 million last year.

https://www.wsj.com/articles/intel-ceo-received-nearly-180-million-in-compensation-in-2021-11648657807?mod=pls_whats_news_us_business_f Intel announced nearly $180 million in CEO pay package amid turnaround efforts

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