Intel's CEO Transition: Gelsinger's $10M Exit and Successor Speculations
TL;DR Summary
Intel's former CEO Pat Gelsinger is set to receive over $10 million in severance pay following his departure, which includes 18 months of his base salary and bonuses. This comes amid a challenging period for Intel, marked by a significant drop in valuation and workforce layoffs due to poor financial results. Gelsinger's exit follows nearly four years as CEO, with interim co-CEOs now in place as Intel seeks a permanent replacement.
- Intel’s ex-CEO Pat Gelsinger set to net more than $10M in severance pay TechCrunch
- Exclusive-Intel's CEO-shortlist candidates include former board member Lip-Bu Tan, sources say Yahoo Finance
- Intel Set to Pay Ousted CEO Gelsinger as Much as $10 Million Bloomberg
- Are Intel’s Problems Too Big to Fix? The Wall Street Journal
- Intel Announces Retirement of CEO Pat Gelsinger Investor Relations :: Intel Corporation (INTC)
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