> $50m yearly salary is limited upside? interesting take
OK. Rule of thumb. Any sensationalist headline about CEO making $N dollars is always wrong.
The real details are in the Proxy statement they are now required to file. As an example, when Pat signed on, his compensation package was worth over $160m. How much did he actually get? $10M. Why? Because the rest of the package was contingent on high share prices (I think $80 was the lowest target). He got none of it.
And the punchline: His total payout during his whole tenure is $46-49M. That's over almost 4 years. And includes his sign on bonus and severance bonus.
So yes, your claim of $50m yearly salary is ludicrous.
That’s a lot of money to you and me, but we’re not in the running for a CEO position at Intel. For the people who might be, I wouldn’t be surprised if that’s peanuts.
Depends on your appetite of course. But I think it's safe to say that if you're not satisfied at $10m net worth, you're never going to be, and you'll just keep on chasing til circumstances force you to stop.
OK. Rule of thumb. Any sensationalist headline about CEO making $N dollars is always wrong.
The real details are in the Proxy statement they are now required to file. As an example, when Pat signed on, his compensation package was worth over $160m. How much did he actually get? $10M. Why? Because the rest of the package was contingent on high share prices (I think $80 was the lowest target). He got none of it.
And the punchline: His total payout during his whole tenure is $46-49M. That's over almost 4 years. And includes his sign on bonus and severance bonus.
So yes, your claim of $50m yearly salary is ludicrous.
https://finance.yahoo.com/news/pat-gelsinger-lost-massive-14...