by Karl Utermohlen | April 3, 2014 2:27 pm
Intel CEO (INTC[1]) Brian Krzanich took a massive pay cut in 2013.
[2]Krzanich’s base salary[3] in 2013 was $887,500 and his total pay was valued at about $9.6 million. In 2012, the Intel CEO had a lower base salary of $700,000 but his total pay was valued at a whopping $15.9 million.
Krzanich has been the Intel CEO since November 2012 when Paul Otellini stepped down. He received a $12.4 million stock award in 2012 and a $5.3 million stock award in 2013.
The company restructured its executives-compensation system in February in order to increase the number of management employees who are required to own stock.
INTC stock is up over 2% Thursday.
Source URL: https://investorplace.com/2014/04/intel-ceo-pay-cut-intc-stock/
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