Intel CEO steps down after a disastrous 2024
 
While Pat Gelsinger says he's retiring, it's not hard to see it as getting the boot from Intel's board.
 
By Michael Crider
Staff Writer, PCWorld Dec 2, 2024 7:15 am PST
 
(excerpts)


 
There is no joy in Mudville Intel’s corporate headquarters. The company has had an epically horrible year, with widespread issues plaguing its flagship chips, massive upswings from rivals AMD and Nvidia, and a stock downturn so dramatic it’s been called one of the worst performers in the industry. So, maybe it isn’t surprising that CEO Pat Gelsinger is leaving.
The announcement was made via press release this morning, calling the move a retirement. Two current executives, David Zinsner and Michelle Johnston Holthaus, will function as co-CEOs while Intel’s board searches for a more permanent replacement.
 
Intel’s stock price has fallen by more than 50 percent in under a year, making it one of the worst performers in an otherwise bullish space in the market.
(end excerpts)
 
Looks like Intel's turnaround is going to take much longer without a CEO.  Not very surprising as Intel has had nonstop one disaster after another

yodap
Will he get his golden parachute?

Usually the stock options are the biggest part of any CEO compensation, so it depends on the value of the stock options.
 
I'm guessing with the stock down over 50% in less than one year; the options are worthless or at a minimum the value of the options has crashed & burned
 
Intel stock is down over 61% over the last five years as of 11:26, 04 Dec 2024
 
general details (all employees & board members together) would probably be in the SEC 10-K forms = All SEC Filings :: Intel Corporation (INTC)
 
https://finance.yahoo.com/quote/INTC/insider-roster/
 
GELSINGER PATRICK P  Chief Executive Officer    Purchase   Nov 4, 2024    645,874 (shares)
 

Default Criteria
Transaction date:between Dec 4, 2022 and Dec 4, 2024, Name: GELSINGER PATRICK P
 
https://finance.yahoo.com/screener/insider/GELSINGER%20PATRICK%20P
 
 
 

he took a crap all across the board

Cool GTX
Usually the stock options are the biggest part of any CEO compensation, so it depends on the value of the stock options.
 
I'm guessing with the stock down over 50% in less than one year; the options are worthless or at a minimum the value of the options has crashed & burned
 
GELSINGER PATRICK P  Chief Executive Officer    Purchase   Nov 4, 2024    645,874 (shares)
 

Default Criteria
Transaction date:between Dec 4, 2022 and Dec 4, 2024, Name: GELSINGER PATRICK P
 
https://finance.yahoo.com/screener/insider/GELSINGER%20PATRICK%20P

He still has $13+ million in stocks.  Interesting that his stock purchase dollar amounts for Intel shares doubled for August & November, AFTER the August stock price crash.