The vote won’t immediately affect the compensation of Intel’s executives.
Highlights
- Intel shareholders voted against its executive compensation package last week.
- The vote is advisory, and won’t immediately affect the compensation of Intel’s executives.
- CEO Pat Gelsinger took over as CEO of Intel in Feb.
- 2021, and received a compensation package worth $178.59 million.
- The actual payouts depend on the performance of Intel stock over five years, Intel said in its proxy filing.
- AT&T and Intel are the latest companies to vote against executive pay packages in the past year, with 16 companies having their pay packages rejected by shareholders in the last two years, an activist group said.