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Intel slashes wages, bonuses after disastrous quarterly results
- mensetmanusman 4y agoThis is leadership. Everyone taking a pay cut instead of 10,000 layoffs and executives taking an even larger pay cut.
- judge2020 4y agoUnless this also cuts Intel leaderships' stock-based compensation, a 25% reduction in base pay doesn't mean much. Worst case scenario one less car in the garage. > Gelsinger’s base pay was $1.25 million, according to his offer letter, or just under 0.7% of his nearly $179 million in total compensation for 2021, his first year in the top job. https://www.cnbc.com/2023/02/01/intel-executives-take-pay-cuts-after-disastrous-earnings.html https://www.cnbc.com/2023/02/01/intel-executives-take-pay-cu...