• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 25, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Intel shareholders reject executive pay

by Srestha Roy
May 17, 2022
in News
Reading Time: 2 mins read
0
Intel shareholders reject executive pay
TwitterWhatsappLinkedin

According to a regulatory document issued on Monday, Intel shareholders voted last week against the company’s compensation for its top executives.

You might also like

Iran Launches Missiles at US Base in Qatar as Regional Tensions Surge

CCI Clears Alpha Wave Global and IHC’s Minority Stake in Haldiram Snacks Food

Amazon’s $54 Billion UK Expansion Earns PM Starmer’s Endorsement

The decision is advisory and will not directly alter Intel’s executive compensation, but it sends a signal that certain Intel investors are keenly following CEO Pat Gelsinger’s performance and the progress of his recovery plan for the chip giant. Ultimately, shareholders representing approximately 34% of the shares voted in favor of the package. Shareholders representing around 920 million shares voted in favor, while those representing 1.77 billion voted against it.

The vote is the most recent instance of shareholders voting against executive compensation packages that can contain hundreds of millions of dollars in company stock.

In April, for example, AT&T shareholders voted against an executive compensation bill. According to As You Sow, an activist investor group, 16 businesses’ executive pay packages will be rejected by shareholders in 2021.

According to a financial document, Gelsinger took over as CEO of Intel in February 2021 and earned a remuneration package of $178.59 million later that year. Over $1 million in salary, a $1.75 million bonus, over $140 million in stock awards, and approximately $30 million in option awards were included in the remuneration package.

Since becoming leadership, Gelsinger has been on a quest to turn around Intel, which has fallen behind in manufacturing and has begun to lose market share to rival AMD. According to Gelsinger, Intel will invest extensively in new chip facilities and will serve as a contract maker for other chip designers in addition to producing its own processors.

Gelsinger may not receive all of the equity he was awarded; the actual distributions are determined by the success of Intel’s shares over the next five years. According to Intel, the payout of these rewards is tracking at 0% as of the end of January because Intel stock is trading lower than when Gelsinger took charge.

As per Intel’s filing, additional listed officers for 2021 were Sandra Rivera, general manager of the company’s data center division, three former executives who left during 2021, and one executive who plans to leave this month.

Intel Business is a multinational technology corporation located in Santa Clara, California. It is the world’s largest semiconductor chip producer in terms of sales, and it created the x86 series of microprocessors, which are found in the majority of personal computers (PCs). Intel, headquartered in Delaware, was placed No. 45 on the 2020 Fortune 500 list of the largest US firms by total revenue for nearly a decade, from 2007 to 2016.

Tags: ExecutiveIntelShareholders
Tweet54SendShare15
Previous Post

Top Cryptocurrencies That Lost Most Value in the Cryptocurrency Crash of May 2022

Next Post

Ford joins 27 companies in EU petition for zero emissions from 2035

Srestha Roy

Recommended For You

Iran Launches Missiles at US Base in Qatar as Regional Tensions Surge

by Thomas Babychan
June 24, 2025
0
Iran Launches Missiles at US Base in Qatar as Regional Tensions Surge

On Monday, tensions between the United States and Iran escalated further when Iran launched a missile strike targeting the American Al-Udeid Air Base in Qatar. The attack, which...

Read more

CCI Clears Alpha Wave Global and IHC’s Minority Stake in Haldiram Snacks Food

by Rounak Majumdar
June 24, 2025
0
CCI Clears Alpha Wave Global and IHC’s Minority Stake in Haldiram Snacks Food

The Competition Commission of India (CCI) has officially approved the acquisition of a minority stake in Haldiram Snacks Food Private Limited by Alpha Wave Global, a US-based private...

Read more

Amazon’s $54 Billion UK Expansion Earns PM Starmer’s Endorsement

by Rounak Majumdar
June 24, 2025
0
Amazon’s $54 Billion UK Expansion Earns PM Starmer’s Endorsement

Amazon has unveiled an ambitious plan to invest $54 billion (£40 billion) in the United Kingdom over the next three years, marking one of the company’s largest international...

Read more
Next Post
Ford Joins Appeal to the EU for 100% All-Electric Vehicle Sales by 2035

Ford joins 27 companies in EU petition for zero emissions from 2035

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?