Outgoing Intel CEO Pat Gelsinger will receive approximately $9.7 million in severance pay, including salary, bonus, and additional compensation after his abrupt resignation.
Intel's board hopes Gelsinger's resignation will restore investor confidence following a challenging year for the Silicon Valley giant, marked by significant turmoil.
Gelsinger's severance package consists of 18 months' salary, 1.5 times his target bonus, and part of the 2024 annual bonus that he would have earned.
Although Gelsinger's departure comes with a sizable severance, it is modest compared to the massive compensation packages of other industry executives, highlighting stark discrepancies.
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