Intel CEO gets $18.9M pay package in final year

Apr 03, 2013

The value of Intel CEO Paul Otellini's pay package rose 10 percent to $18.9 million last year as he prepared to retire. His departure next month follows a tough year during which Intel Corp. stumbled as the growing popularity of mobile devices reduced demand for the company's personal computer chips.

Otellini's uptick in compensation disclosed Wednesday stems mostly from the amount of stock awards and options Intel gave him last year. Those could end up being worth more or less than the company's estimates, depending on how Intel's recently slumping stock fares in the future.

Intel trimmed the cash portion of Otellini's incentive pay by 19 percent to $5.23 million.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

Explore further: Airbnb to expand tax collection efforts

3 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Intel CEO 2010 pay package valued at $15.5M

Apr 04, 2011

(AP) -- Intel Corp. CEO Paul Otellini received a 2010 pay package worth $15.5 million, up 8 percent from 2009 as the chipmaker grew its profit and revenue thanks largely to a rebound in corporate demand.

Intel CEO gets $12.4M in 2008 pay

Mar 23, 2009

(AP) -- The value of Intel Corp. Chief Executive Paul Otellini's compensation package rose slightly to $12.4 million in 2008, a year in which the chip maker's profit was whacked by a global slowdown in personal computer ...

Comcast CEO's 2010 pay package valued at $31.1M

Apr 01, 2011

(AP) -- Brian Roberts, the CEO of cable company Comcast Corp., received a compensation package valued at $31.1 million in 2010, up 14 percent from a year earlier as the company worked to complete a deal to become the majority ...

Former Google CEO made $313,219 in 2010

Apr 20, 2011

(AP) -- Billionaire Eric Schmidt feels more comfortable taking a million dollar paycheck as Google Inc.'s former CEO than he did when he was running the Internet's most powerful company.

Recommended for you

Airbnb to expand tax collection efforts

17 hours ago

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

18 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

Amazon surprises with profit despite fierce spending

Jan 29, 2015

Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programs and delivery drones.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.