Intel Cuts Employee Pay to Maintain Quarterly Dividend

Re:Intel Cuts Employee Pay to Maintain Quarterly Dividend by doetoe on Wednesday February 01, 2023 @01:14PM (#34614887)

Your comment only says that it was mostly in RSU, and since the stock had been going down it will likely be worth 1/3 by the time it vests. Even so, 25% of 1.1m is pretty much negligible, certainly compared with the 5% normal employees get cut

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Re:Intel Cuts Employee Pay to Maintain Quarterly Dividend by BeetleB on Wednesday February 01, 2023 @01:21PM (#34615013)

I agree a 25% cut for him is nothing. I was pointing out the falsehood of him making $179M. He made about $10M in 2021 and will likely not see most of the remaining amount as he will not hit the share price in time.

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Re:Intel Cuts Employee Pay to Maintain Quarterly Dividend by doetoe on Wednesday February 01, 2023 @05:46PM (#34619125)

I misunderstood the part of the RSU's: I thought you meant that by the time they vest they will be worth considerably less than $179M, because the stock price has gone down. However if I understood you correctly now, these will be worth 0 if the stock price doesn't hit a certain value in time

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Re:Intel Cuts Employee Pay to Maintain Quarterly Dividend by BeetleB on Wednesday February 01, 2023 @08:17PM (#34620714)

Yes - he simply won't get those stocks.

Read the 2022 Proxy statement starting from around P 66 for all the gory details. I think my estimate of $10M was probably high.

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