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.
A new boss will have to decide whether to abandon the company’s hopes of becoming a chip-manufacturing leader.
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
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 ...
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Cashing in his chips: Intel CEO retires after 'challenging year' for Silicon Valley tech titanIntel CEO Pat Gelsinger has retired from the Silicon Valley-based tech giant and effectively stepped down from its board of ...
Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving ...
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