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Intel, Pat Gelsinger
Intel Set to Pay Ousted CEO Gelsinger as Much as $10 Million
Intel Corp.’s ousted Chief Executive Officer Pat Gelsinger, who was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, is set to receive as much as $10 million in severance pay.
Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows
Intel said the severance payment would include $1.9 million as base salary for 18 months and 1.5 times his target bonus of $3.4 million, payable over 18 months.
Intel’s CEO hasn’t turned the company around, and now he’s no longer CEO
Intel CFO David Zinsner and Client Computing Group head Michelle Johnston Holthaus will be sharing the title of interim CEO while the company's board of directors searches for a new CEO. Gelsinger has also stepped down from his seat on the board.
14h
Intel’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
3h
on MSN
Intel Considers Outsiders for CEO, Including Marvell’s Head
Intel Corp.’s search for a new chief executive officer will focus heavily on outsiders, with the chipmaker considering ...
14h
Intel Is Changing For The Better, It's Time To Buy
Intel Corporation has been removed from the Dow Jones 30, reflecting their poor performance over the past five years. Find ...
17h
on MSN
Should struggling Intel receive billions in taxpayer dollars?
Semiconductor maker Intel was just awarded billions of dollars in taxpayer funds, but the company's struggles are sparking ...
1d
on MSN
Intel CEO Forced Out by Board Frustrated With Slow Progress
Intel Corp. Chief Executive Officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic ...
1d
Why Intel Stock May Fall After Its CEO's Removal
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s ...
MarketWatch
1d
Intel Corp. stock underperforms Monday when compared to competitors
Shares of
Intel
Corp
. INTC slipped 0.50% to $23.93 Monday, on what proved to be an all-around mixed trading session for ...
1d
Intel’s CEO Departure Opens Door to Fresh Deal Discussions
The abrupt departure of Intel Corp. Chief Executive Officer Pat Gelsinger offers a fresh opportunity for the troubled company ...
7h
Intel targets budget-friendly 1440p gaming with $249 and $219 Arc B500 GPUs
Both are decidedly midrange graphics cards that will compete with the likes of Nvidia's GeForce RTX 4060 and AMD's RX 7600 ...
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