Intel slashes wages, bonuses after disastrous quarterly results

Unless this also cuts Intel leaderships' stock-based compensation, a 25% reduction in base pay doesn't mean much. Worst case scenario one less car in the garage.

> Gelsinger’s base pay was $1.25 million, according to his offer letter, or just under 0.7% of his nearly $179 million in total compensation for 2021, his first year in the top job.

https://www.cnbc.com/2023/02/01/intel-executives-take-pay-cu...