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: Samsung removes logo on smartphones in Japan

0 shares

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

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

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.