CosmicTaco

Intel's Ex-CEO Pat Gelsinger to Receive $10M+ Severance

CosmicTaco · 2024-12-03T18:26:14.338759+05:30

- Pat Gelsinger, Intel's former CEO, is set to receive over $10 million in severance pay after his departure. - His compensation includes 18 months of base salary and bonuses, totaling $7 million with potential to reach $10.18 million. - Despite Intel's struggles, including a 30% valuation drop and mass layoffs, Gelsinger's exit underscores ongoing executive shakeups. Source: [Techcrunch](https://techcrunch.com/2024/12/03/pat-gelsinger-set-to-net-more-than-10m-severance-from-intel/)

Pat Gelsinger, Intel's former CEO, is set to receive over $10 million in severance pay after his departure.
His compensation includes 18 months of base salary and bonuses, totaling $7 million with potential to reach $10.18 million.
Despite Intel's struggles, including a 30% valuation drop and mass layoffs, Gelsinger's exit underscores ongoing executive shakeups.

Source: Techcrunch