while the rank and file employees get crumbs.
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the next ceo shouldn't right the boat. he should build a NEW ship!
Why would you expect anyone who would be qualified to be CEO to accept a $1 salary? Intel is a huge mess. The incoming CEO is taking all the risk to their reputation and career. Expect it to be both a huge salary and stock package.
Wasn't Murthy able to fly on a private jet if no commercial flights were available during his time at Intel? Yeah that's the ticket.
Comp Plan:
- Personal Driver and Security
- Home/Accommodations
- Executive Quality Healthcare
- $1 Salary and millions in stock guarantees
I know I'm missing additional perks
The focus of the next CEO should be weight loss and survival. Those who want a big fat check to start with are already on the wrong path. How many more times can Intel afford for the same failure?
The $1 CEOs are usually founders with a personal commitment to the company.
Some random semi CEO is going to want a big package to handle this mess.
I hope they find someone that is willing to take a $1 per year salary with big payout in stocks later on measurable merits. If not, it is better to divide and sell the company as quickly and as cleanly possible before it is too late.