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 ...
CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a ...
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
Intel faces challenges but could see positive changes with new leadership. Learn why INTC stock might deliver strong returns ...
A new boss will have to decide whether to abandon the company’s hopes of becoming a chip-manufacturing leader.
Intel is in the process of shedding many non-core products and related assets while showing very positive results in its ...
When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his ...
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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 ...
Shares of computer processor maker Intel (NASDAQ:INTC) fell 5.9% in the afternoon session after the company announced the retirement of CEO Pat Gelsinger. While the company searches for his ...
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