Intel CEO Pat Gelsinger will see his base pay reduced 25% as part of the company's efforts to cut costs
Intel Corp. Chief Executive Pat Gelsinger and other managers are taking pay cuts, days after the chip makerand spurred a downgrade in the company’s credit rating.
Mr. Gelsinger, in the top job for two years, will see his base pay reduced 25%, Intel said. Other cuts will be staggered, the company said, with base-pay hits of 15% for members of the executive team, 10% for senior managers and 5% for midlevel managers.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Intel executives take pay cuts after disastrous earningsIntel CEO Pat Gelsinger will take a 25% base pay cut days after the company reported weak earnings, with executives down the line facing pay cuts as well.
Weiterlesen »
Mark Cuban talks entrepreneurship and challenges - CEO SpotlightMark Cuban, CEO of Cuban Companies, joins David Johnson on this episode of CEO Spotlight.
Weiterlesen »
'Wheel of Fortune' Contestant Argues with Pat Sajak Over Puzzle ClueSometimes, you just don't get the letter you need, and sometimes the category throws you for a loop.
Weiterlesen »
Pat Bev’s technical foul for showing ref camera was ‘hilarious,' Celtics star saysBoston Celtics guard Marcus Smart found Patrick Beverley's technical foul for showing the referee a camera was 'hilarious.' The incident occurred Saturday night.
Weiterlesen »
Arizona State football spring game to be held after Pat's RunThe 2023 Arizona State football spring game will be held after Pat's Run on April 15 at Sun Devil Stadium in Tempe, the team announced on Monday.
Weiterlesen »
Pat Sajak slammed by ‘Wheel of Fortune’ contestant for puzzle snafu“Wheel of Fortune” contestant Ben Tucker sounded off when Sajak joked about his blunder.
Weiterlesen »