https://techcrunch.com/2024/12/03/pat-gelsinger-set-to-net-more-than-10m-severance-from-intel/
12 replies (most recent on top)
BK got $44M. Shame PG received so much less.
I nominate myself to be Intel's next CEO for a year because I am pretty sure I wouldn't leave it in worse shape than it already is.
$10M would fund my retirement nicely.
Good for him. In the same chair, you'd all want the same for yourselves.
@ewx
Yeah, it's kind of a lot. Considering that's on top of his ridiculous salary. And for what? He was paid a $Multi-Million salary, then given a $Multi-Million severance for failing. Based on his performance, he should be required to pay $Millions back but instead he's rewarded. So now everybody is supposed to sit down, shut up & pretend to enjoy the clown show while su-king-up our 60% stock loss.
Makes me sick! Gluttonous money pigs.
Hay Pat. Here's one you should read: "It is easier for a camel to go through the eye of a needle than for a rich person to enter the Kingdom of God" Luke 18:25
That is not a lot.
What most people don't realize is that the CEOs are paid to deliver unknown miracles, regardless what the company sc--wed up before him. Most of them fail in situations like this.
@iva+1vNlb0hu Bruh, the board already gave Gelsinger $100+ million for essentially burning the company down to the ground. That should be enough, don’t you think?
That's all? The board is showing some restraint.
Yay, free money! - Pat
Huge golden parachute.
Wow, Pat got a Caribbean cruise and $10M? One would think that Intel is doing well! What's next, fly him on the corporate jet to Switzerland for a retirement party where Taylor Swift & Ariana Grande will perform?
Picture the meme with the little girl looking back smiling while standing in front of a burning house: Girl=Pat, House=Intel.
Ah, that must be why they waited for CHIPS money!