Intel Execs Take a Pay Cut: CEO Gelsinger to Reduce Base Pay by 25%
Allwork
FEBRUARY 1, 2023
CEO Pat Gelsinger and mid-level managers will be impacted, with Gelsinger seeing his base salary slashed by a quarter, or roughly $312,000 of his $1.25 This comes in the wake of Intel spending $489 million in 2022 to match employee contributions to qualified retirement plans, according to their annual report. million base pay.
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