[BeetleB]

> $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.

https://finance.yahoo.com/news/pat-gelsinger-lost-massive-14...

[nimish]

Incredible that they set his performance targets on stock price and not on market share and technological superiority.

Priorities and incentives matter