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Intel, Pat Gelsinger
Intel's Pat Gelsinger departing chipmaker with millions in severance
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.
What Pat Gelsinger's Retirement Likely Means for Intel Stock
Intel ( INTC -2.27%) is set to begin a new phase of its history amid the sudden retirement of CEO Pat Gelsinger. Gelsinger spent most of his career at Intel. He helped to develop the i486 microprocessor in the 1980s, and Intel co-founder Andrew Grove mentored him before he moved on to other opportunities.
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
When Intel hired Gelsinger in 2021 to revive the chipmaker’s fortunes, he received a pay package that would have been worth as much as $206 million if he had met performance targets.
TweakTown
1d
Intel CEO Pat Gelsinger officially departs company likely against his will
Intel CEO Pat Gelsinger has abruptly departed the company after what appears to be a decision the board of directors made ...
Impacts
1d
Intel Board Lose Confidence: CEO Gelsinger Forced Out Of Seat
Intel Chief Executive Pat Gelsinger was fired less than four years after taking over, leaving two lieutenants in charge while ...
2d
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.
1d
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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