Intel CEO
Lip-Bu Tan, Intel's new CEO. Photo: Intel

Intel announced its new CEO this week, Lip-Bu Tan, a highly experienced figure in the semiconductor industry, hoping to revive the chipmaker from its current slump. Intel's stock is projected to rise nearly 20% in 2025, with most of the gains occurring since Tan's appointment. He will officially take office next week.

According to filings with the U.S. Securities and Exchange Commission, Intel's new CEO will receive a salary of $1 million and could be eligible for bonuses of up to $2 million per year.

Additionally, he is entitled to performance-based and annual stock bonuses of up to $17 million and $14.4 million, respectively. Both rights are exercised over a five-year period, but Mr. Tan will not receive any shares if Intel's stock price declines for the next three years. Conversely, he will receive more if Intel's stock price outperforms the market.

He also received a $9.6 million stock option package as well as a $25 million stock bonus for new employees.

In total, Mr. Tan's compensation amounted to approximately $66 million, excluding salary, bonuses, and legal fees. Intel stated that this figure reflects his experience and reputation as a knowledgeable and experienced technology leader, well-suited to the market. A significant portion of his compensation is tied to creating long-term value for shareholders.

(According to CNBC)