Shareholders pay up as Intel ex-CEO Pat Gelsinger is reportedly set to depart with a $12 million golden handshake (www.tomshardware.com)

submitted 1 month ago by Alphane_Moon@lemmy.world to c/hardware@lemmy.world

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[-] Skullgrid@lemmy.world 15 points 1 month ago* (last edited 1 month ago)

They're corrupt assholes etc, but I'm pretty sure the 12m is a pittance compared to the shit they'd get as CEO. I doubt any CEO is there going "yeah, can't wait for my golden handcuffs to kick in for that free 12m" , they're instead spending time jet setting using the company plane to japan for lunch and france for dinner.

EDIT : The golden handcuffs are there to basically disincentivise the company from replacing the CEO

[-] Alphane_Moon@lemmy.world 1 points 1 month ago

Agreed, none of those types are trying to cash in on the golden parachute, they can get more via other means.

I meant this in a broader sense; a lack of any kind of market incentives for negative or disruptive behaviour.

this post was submitted on 05 Dec 2024

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