Intel CEO Pat Gelsinger’s total compensation for 2021 was 1,711-times larger than the average Intel employee. And now the big guy's gonna take a 25% hit for the team. Lol SMH
https://www.crn.com/news/components-peripherals/intel-ceo-pat-gelsinger-earned-179m-in-2021
Too little, too late. He should reduce his salary to $1.
This was a very very sad state of desperation. When you’ve already made layoffs , stopped everything fun in the company , destroyed customer value and relevance and then have the gall to pick the pockets of the people who make ‘anything’ happen - whilst showing absolutely no accountability at the exec level for presiding over this s*it show. I’m afraid to say we are in a death spiral.
I wish I’d volunteered this cycle #regret.
PG has lobbied very effectively for Intel. But within Intel he is clueless and is being taken for a ride by ELT team. Eventually, Intel will become a laughing stock with Governments and they will drop support.
Gelsinger and the rest of the ELT team looked clueless during their company meeting yesterday. He keep spouting “macroeconomic headwinds” impacting earnings all the while AMD again beat earnings expectations at the same time. If Bob Noyce and Andy grove were still alive , they would’ve fired this overpaid, underperforming fo-----e on the spot.
Pat made generational wealth for his great*10 grandkids. Just another out of touch boomer that couldn't deliver.
Now the question is whether Pat worked hard enough to earn one hundred seventy-eight million nine hundred thousand dollars more than the average salary. The answer is NO! Don't mess with the people who actually DO THE WORK!