Intel CEO's income last year was nearly 300 times that of his predecessor.

Intel CEO's income last year was nearly 300 times that of his predecessor.

Intel CEO's income last year was nearly 300 times that of his predecessor. Intel has asked shareholders to vote for the executive compensation proposal at the annual general meeting held on May 6, 2002. The company did not immediately respond to a request for comment. Intel CEO's income last year was nearly 300 times that of his predecessor.

Intel CEO's income last year was nearly 300 times that of his predecessor. 1 According to foreign media reports, the documents submitted by the chip giant Intel show that Pat Kissinger, the CEO who officially took office on February 15 last year, earned nearly $1800,000 last year, much higher than other executives and nearly 300 times that of his predecessor.

Intel disclosed in its filing with the US Securities and Exchange Commission that Pat Kissinger's income last year was close to $6,543.8+$80 million.

According to the documents submitted by Intel, Pat Kissinger received $65.438+78.59 million from Intel last year, including $65.438+98.5 million in salary, $65.438+40 million in stock awards, $296.5438+08.4 million in option awards and $56.5438+0.

Pat Kissinger was appointed as CEO by Intel's board of directors on June 3, last year at 65438+/kloc-0, and officially took office on June 5. Although he worked in Intel for 30 years before, he still got a cash reward of $65,438+$7500 when he returned to the company as CEO.

Pat Kissinger is the eighth CEO of Intel since its founding. He succeeded Robert Swan, who had served less than three years. According to the documents, Robert Swan earned $605,300 in Intel last year, including $654.38+$056,300 in salary and $449,000 in other subsidies.

Although Robert Swan earned only $605,300 in Intel last year, his income in 2065,438+09 was as high as $66,935,438+00,000, and in 2020 it was $22,389,500. In the three years since the temporary CEO became a full member, Swan's income in Intel has also reached $89.9299 million.

Last year, the CEO of Intel earned nearly 300 times as much as his predecessor. On Wednesday, local time, the regulatory documents submitted by Intel to the US Securities and Exchange Commission (SEC) showed that Pat Gelsinger, CEO of the chip giant, had earned nearly 11USD in only1month since he joined the company in February.

The data shows that Kissinger's total income in 20021year was $65,438+$78.6 million, which was about 698% higher than the salary of former Intel CEO Bob Swan in 2020. Among them, Kissinger's total basic salary was $65,438+065,438+10,000, and he also received a cash recruitment bonus of $65,438+0.75 million. Kissinger's biggest income comes from one-time stock awards to newly hired employees, accounting for nearly 79% of his total salary, with a value of about $654.38+$40.4 million.

The average annual salary of about 12 10000 employees of Intel is 104400 dollars, which means that Kissinger's income is 17 10 times that of ordinary employees. Compared with Kissinger, Swan's income in 2020 is only 2 17 times of the average income of Intel employees.

Intel said that when designing Kissinger's compensation plan, the company "sought to provide compensation commensurate with Kissinger's ability and experience, and reflected the great challenge of leading Intel's transformation". Despite the global supply chain shortage in the chip market, under Kissinger's leadership, Intel generated $74.7 billion in revenue in 20021year, up 2% year-on-year.

Intel wrote in the document that in determining the scale and structure of Kissinger's one-time equity reward for new employees, the compensation committee considered many factors, including the salary value he lost because he left his former employer, his unique skills, the highly competitive executive talent market, the scale of the company's ongoing transformation and the importance of ensuring consistency with shareholders.

Regarding the CEO's newly hired equity reward, Intel said that more than 94% of Kissinger's total salary was based on equity. "This is to form an alliance with shareholders immediately and encourage them to lead the company to successfully transform." According to these documents, Kissinger owns about 287,853 Intel shares.

According to the filing documents, Kissinger's total salary in 2022 is estimated to be $26.3 million, of which the basic salary is $654.38+$2500, which is equivalent to the CEO of a similar-sized company in Intel.

In the United States, corporate executive compensation has been rising. In 202 1 year, the income of Apple CEO Tim Cook was 1447 times the average salary of employees. Despite the opposition from the agency consulting firm Institutional Shareholder Services, Apple's shareholders approved the compensation plan.

Intel has asked shareholders to vote for the executive compensation proposal at the annual general meeting held in May 12, and the company did not immediately respond to the request for comment.

After Kissinger took charge of Intel, he announced a new revival strategy to regain the dominant position in the semiconductor industry currently occupied by TSMC. Intel is a world leader in chip manufacturing technology. Earlier this month, Intel announced the details of a huge investment plan across six EU countries, involving 88 billion US dollars, including a large-scale investment in Germany.

Kissinger served as CEO of VMWare before returning to Intel as CEO. He worked for Intel for 30 years before leaving his job.

Due to the manufacturing crisis, Intel's share price fell by about 65,438+07% in 2020, but it rose by 6.8% last year. Compared with March 30th, 20021year, Intel's share price dropped by 18%, which was $63.77 per share at that time.

On Wednesday, US local time, the company's share price fell by 0.82% to close at $565,438+$0.43 per share.

Intel CEO's income last year was nearly 300 times that of his predecessor. Intel reported that its new CEO, Pat Gelsinger, took office in February, 20021,and by the end of the year, his total salary was $654.38+78.59 million. The median total salary of about 12 10000 employees in Intel is 104400 USD, which means that the annual total salary of Gelsinger in 2002171of ordinary employees.

These data are based on new documents submitted by Intel to the US Securities and Exchange Commission. Despite the shortage of global supply chain in the chip market, under the leadership of Gersinger, Intel, headquartered in Santa Clara, California, created a record revenue of $79 billion in 20021year, up 1% year-on-year.

In 202 1 year, the total basic salary of Gersingh was $ 165438+ ten thousand. He also received a cash recruitment bonus of $654.38 +0.75 million. His biggest reward is $654.38+$40.4 million in stock awards, accounting for about 78% of his salary. Gail Singh also received a stock option award of $2,965,438 million. The total salary of his non-equity incentive plan is $565,438+million. All other remuneration of Gersinger is slightly higher than $6,543.8+0,000, and the total remuneration is $654.38+78.59 million.

Intel shares are currently trading at $565,438 +0.94. Compared with March 30th, 20021year, Intel's share price dropped by 18%, when Intel's share price was $63.77 per share.

Intel said that when designing Gersinger's compensation plan, the company tried to provide compensation commensurate with Mr. Gersinger's ability and experience, and reflected the great challenges faced by leading Intel's transformation.

"Specifically, when determining the scale and structure of the one-time equity incentive for new employees, the compensation committee has considered the salary value lost by Mr. Gelsinger when he left his former employer, his unique skills, highly competitive senior management talents in the market, the scale of the company's ongoing transformation, and the importance of finally establishing and ensuring consistency with shareholders."

According to the documents of the US Securities and Exchange Commission, Gersinger's total direct salary in 2022 was $26.3 million, which was in line with 50% of the CEO market of Intel companies of the same size.