Intels new CEO Pat Gelsinger welcome package is valued at $116 million
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Loobyluggs
Sixtyfps
I want a welcome package ?
geogan
alanm
At least Gelsingers strength is his tech background (formerly CTO at Intel) vs Swans finance background. That I think gives him an advantage in charting a more effective long term direction of the company from a tech standpoint than Swan, which I believe is why he was highly sought after.
MaCk0y
Don't see anything wrong with this. CEOs capable of successfully directing and leading huge companies like these are not a dime a dozen. So it's an employee's market if you want to call it that. Intel thought he was worth that cost and offered him a big incentive to pry him away from VMWare. Scarcity + demand drives up the price.