April 3 (Bloomberg) -- Intel Corp.’s Brian Krzanich, a 32-year veteran of the chipmaker who was elevated to chief executive officer last May, saw his compensation last year drop 40 percent from 2012, when he received a large stock award.
Krzanich was paid a total of $9.6 million last year, including $887,500 in salary, $6.58 million in stock and option awards and $1.87 million in non-equity incentive compensation, the company said today in a filing. In 2012, when he was chief operating officer, he was given a total of $15.9 million, including $13.2 million in stock and options.
Krzanich, 53, is trying to jump start Intel’s progress in areas outside of personal computers, where the Santa Clara, California-based company’s processors are in eight out of 10 devices sold. He’s focusing on tablets, smartphones and wearables, which are denting demand for PCs.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.