Despite increasing to $16.8 million, Intel CEO Pat Gelsinger's compensation still pales in comparison to AMD's Lisa Su

[midian182]

In brief: As the CEO of Intel, Pat Gelsinger gets paid a lot. His compensation increased 45% to $16.86 million in 2023, and while that's more than most people will ever see, it's still just over half of what AMD boss Dr. Lisa Su made last year.

As revealed in Intel's 2024 proxy statement, Team Blue rewarded Gelsinger with a 45% increase on his 2022 compensation of $11.61 million, writes MarketWatch.

The majority of CEOs' compensation tends to come from stock awards. Intel's share price was up over 90% in 2023 after falling almost 50% the year before, meaning that although Gelsinger's $1.07 million base salary in 2023 was down 18% compared to the previous year's $1.3 million, the value of the stock awards he received increased from $8.87 million to $12.43 million. His non-equity incentive plan compensation, which includes cash performance bonuses, increased from $945,900 to $2.89 million. He also received $112,000 in deferred compensation, while the 'all other compensation' category was down from $497,100 to $362,900. In total, Gelsinger's compensation reached $16.86 million in 2023.

AMD's proxy statement showed that Su's yearly compensation increase was small compared to Gelsinger's, up $130,000, but the Team Red boss received a $1.2 million salary and $21.85 million in stock awards, with her total compensation reaching $30.35 million, or about 80% more than Intel's CEO.

It's unlikely that Gelsinger will be very upset about his compensation being lower than Su's. When appointed Intel boss in 2021, he received total compensation of $178.59 million, which included $140.43 million in new-hire equity awards. Intel's stock is down 28.5% since then, while AMD's is up 92.5%.

The big question is, how will Nvidia's Jensen Huang's compensation compare to his rivals? Nvidia hasn't filed its proxy statement for the latest fiscal year, though we know Huang's total compensation for the previous year was $21.36 million, down from $23.74 a year earlier.

Nvidia, of course, saw its stock increase 238% in 2023 as a result of the generative AI boom. In February, it was reported that this performance had pushed Huang into 21st place on Bloomberg's Billionaires Index (above) – he's now in 19th position. Furthermore, Nvidia's $2.26 trillion market cap is almost five times the combined cap of Intel and AMD.

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https://www.techspot.com/news/102461-despite-45-increase-1686-million-intel-ceo-pat.html

 

[Atmajaya2020]

Seems like it will take a long time for Intel and AMD CEO to achieve what Leather Man has achieved with nVidia..
in term of compensation, of course..

 

[Uncle Al]

Sorry, but they have not made the executive at any level that is worth more than $2 million dollars a year and even that is a stretch ....

 

[Endymio]

Seems like it will take a long time for Intel and AMD CEO to achieve what Leather Man has achieved with nVidia..
in term of compensation, of course..

Eh? In 2021, Huang made just under $20M, compared to Su's $27M and Gelsinger's $179M. The profits Huang the investor makes in NVidia have no bearing whatsoever on the compensation Huang the CEO receives.

Sorry, but they have not made the executive at any level that is worth more than $2 million dollars a year..

When you learn what exactly it is they do, and -- more importantly -- the effect it can have on a firm's bottom line, you'll understand why those salaries are justified.

 

[Theinsanegamer]

Eh? In 2021, Huang made just under $20M, compared to Su's $27M and Gelsinger's $179M. The profits Huang the investor makes in NVidia have no bearing whatsoever on the compensation Huang the CEO receives.


When you learn what exactly it is they do, and -- more importantly -- the effect it can have on a firm's bottom line, you'll understand why those salaries are justified.

Given how well most companies are run? No, there is no justification for making that much. Stocks or wages, doesnt matter.

 

[wiyosaya]

I guess hubris doesn't pay well. Perhaps Gelsinger should find another job.

 

[Endymio]

Given how well most companies are run? No, there is no justification for making that much.

The primary justification is the simple fact that the owner of a company chooses how much to pay their employees -- not you and I. End of argument.

The secondary consideration is that the right CEO can make a corporation hundreds of billions of dollars, whereas a poor CEO can even easier cause a firm to that or more. Your argument is like claiming that Patrick Mahomes, Shohei Ohtani, and Stephen Curry should only be paid a few thousand dollars per game, because there are plenty of high school and college athletes who'll work for much less than that.

 

[Starscream07]

Given how well most companies are run? No, there is no justification for making that much. Stocks or wages, doesnt matter.

I'm sure you have some nice things about Elon's 2020 option tranches pay package

 

[JamesBlond]

Imagine AMD put that waste of money into more research

 

[Silkaura]

Seems like it will take a long time for Intel and AMD CEO to achieve what Leather Man has achieved with nVidia..
in term of compensation, of course..