Monday, December 02, 2024

Intel Announces Retirement of CEO Pat Gelsinger (age 63) with a puny severance package of only $10m

Good news! He did not last very long, only started in February 2021!

This is a great opportunity for Intel. Maybe now with a new CEO it will better compete with e.g. Nvidia!

Was Gelsinger a chip of the old block? Let the chips fall where they may! 😊

"... At age 32, he was named the youngest vice president in Intel's history. Mentored by Intel CEO Andrew Grove, Gelsinger became the company's CTO in 2001, leading key technology developments, including Wi-Fi, USB, Intel Core and Intel Xeon processors, and 14 chip projects. He launched the Intel Developer Forum conference as a counterpart to Microsoft's WinHEC.

In September 2009, he left Intel to join EMC as president and chief operating officer.[17] In 2012, he became the CEO of VMware. ..." (Wikipedia)

Intel Announces Retirement of CEO Pat Gelsinger :: Intel Corporation (INTC)

Intel’s ex-CEO Pat Gelsinger set to net more than $10M in severance pay "For comparison, WeWork’s founder Adam Neumann somehow left the company with well over $400 million, and former Yahoo CEO Marissa Meyer left with a cool $54.9 million."

"Effective Dec. 1, 2024, Intel Corporation CEO Pat Gelsinger has retired from the company and stepped down from the board of directors."






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