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> Intel CEO Pat Gelsinger hauled in $179 million in 2021, most of it coming from stock-related compensation. When I see statements like this, I know to stop re
by BeetleB 3y ago
> Intel CEO Pat Gelsinger hauled in $179 million in 2021, most of it coming from stock-related compensation.
When I see statements like this, I know to stop reading.
No he didn't make $179M. He was awarded PSUs that will mature only if Intel stock hits a certain price (in a window of N years). Not only did it not hit that price, it has been down considerably. The grants will likely expire before Intel's price hits those goals (I think the lowest target is in the 80 dollars).
His actual compensation that year? About $10M - quite a bit of it being a sign on bonus.