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Intel CEO Pat Gelsinger Resigns

Fortune on MSN · 1h

Pat Gelsinger lost out on massive $140 million performance bonus—but he’ll have earned at least $46 million for his four years as Intel’s CEO

Pat Gelsinger's surprise resignation as Intel's CEO on Monday ends his four-year effort to rescue the struggling chipmaker—and his chance to snag a massive stock payday that could have been worth $140 million.

CNN on MSN · 1h

Ousted Intel CEO Pat Gelsinger is leaving the company with millions

Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.

TechCrunch · 6h

Intel’s ex-CEO Pat Gelsinger set to net $10M in severance pay

Intel's newly departed ex-CEO Pat Gelsinger could be walking away with more than $10 million in severance pay.

Intel CEO Pat Gelsinger retires, reports of ultimatum by board

Over the weekend, Intel announced the retirement of its CEO Pat Gelsinger who has been in the role since February 2021.

22h

In an all-hands meeting, Intel's new leaders emphasized outgoing CEO Pat Gelsinger's 'personal decision'

On Monday, Intel's interim leadership addressed outgoing CEO Pat Gelsinger's abrupt departure, in an internal meeting.

4h

Intel shares slide as Gelsinger exit leaves chipmaker without a ‘quick fix'

Intel shares fell more than 5% on Tuesday, a day after the chipmaker announced the ouster of CEO Pat Gelsinger.

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