http://www.pcpro.co.uk/news/378223/intel-ceo-paul-otellini-to-retire
Quote:
I remember reading his salary was $1 a year.
No idea how he survived on that.
I remember reading his salary was $1 a year.The chip giant hasn't yet announced a successor, saying both internal and external candidates were being considered.
Otellini has worked for Intel for almost 40 years, and took over as CEO in 2005. The firm highlighted the success Intel has enjoyed during his tenure, notably generating "cash from operations of $107 billion".
"Paul Otellini has been a very strong leader, only the fifth CEO in the company's great 45-year history, and one who has managed the company through challenging times and market transitions," said Andy Bryant, chairman of the board. "The board is grateful for his innumerable contributions to the company and his distinguished tenure as CEO over the last eight years."
Hahaha fat chance. The guy is a Multi-Millionaire make no mistake about it.Originally Posted by frickfrock99
http://www.pcpro.co.uk/news/378223/intel-ceo-paul-otellini-to-retire
I remember reading his salary was $1 a year or something.
No idea how he'd survive on that.
No really, I checked.
http://au.ibtimes.com/articles/226816/20111007/steve-jobs-1-annual-salary-thought-ceos.htm#.UKpRJeRWyuIThe visionary who lost his bout with pancreatic cancer on Oct. 5 had an annual salary of $1.00 and not $1 million or $1 billion a year.
He was one of the lowest-paid CEOs of all times, along with Vikram Pandit of Citigroup Inc.,
I remembered Steve had the same compensation, but at those level they get loads of stock options. He surely isn't asking for charity lol!Originally Posted by frickfrock99
http://www.pcpro.co.uk/news/378223/intel-ceo-paul-otellini-to-retire
I remember reading his salary was $1 a year.
No idea how he survived on that.
Those with $1 salaries typically have either made a ton of money in the past, or simply get paid bonuses from the company from time to time.Originally Posted by frickfrock99
No really, I checked.
Him, Steve Jobs, and Mark Zuckerberg all had $1 yearly salaries. At least for a few years.
http://au.ibtimes.com/articles/226816/20111007/steve-jobs-1-annual-salary-thought-ceos.htm#.UKpRJeRWyuI
I guess they came from rich families or something?
They have a big part of their forturne in stocks, and most CEO have positions in other companies too, but you almost never hear about that.Originally Posted by frickfrock99
No really, I checked.
Him, Steve Jobs, and Mark Zuckerberg all had $1 yearly salaries. At least for a few years.
http://au.ibtimes.com/articles/226816/20111007/steve-jobs-1-annual-salary-thought-ceos.htm#.UKpRJeRWyuI
I guess they came from rich families or something?
Or they made enough getting to the top that they didn't need anymore. I know I will probably be alone, but I would never allow a company pay me more than $120k unless cost of living(New York or California) required more. There is absolutely no reason I need that much money.Originally Posted by frickfrock99
No really, I checked.
Him, Steve Jobs, and Mark Zuckerberg all had $1 yearly salaries. At least for a few years.
http://au.ibtimes.com/articles/226816/20111007/steve-jobs-1-annual-salary-thought-ceos.htm#.UKpRJeRWyuI
I guess they came from rich families or something?
There are reasons for that:Originally Posted by frickfrock99
http://www.pcpro.co.uk/news/378223/intel-ceo-paul-otellini-to-retire
I remember reading his salary was $1 a year.
No idea how he survived on that.
Originally Posted by Otellini
AMD lost the game. I'm done here.
Or you can take the money and do something good with the extra cashOriginally Posted by Pavix
Or they made enough getting to the top that they didn't need anymore. I know I will probably be alone, but I would never allow a company pay me more than $120k unless cost of living(New York or California) required more. There is absolutely no reason I need that much money.
Stock options, Frickfrock! He didn't need a salary when you consider how much Apple stock was worth.Originally Posted by frickfrock99
No really, I checked.
Him, Steve Jobs, and Mark Zuckerberg all had $1 yearly salaries. At least for a few years.
http://au.ibtimes.com/articles/226816/20111007/steve-jobs-1-annual-salary-thought-ceos.htm#.UKpRJeRWyuI
I guess they came from rich families or something?
I am sure they all lived off of bonuses more than anything...you can't live off of stock unless you have so much of it that the dividends are substantial (and in these guys' cases they would have to own about 1/4 of the company to get dividends to pay for their life styles). If they sold their company's own stock it would probably look like insider trading and/or likely cause the stock price to fall.
Fixed*Originally Posted by th3illusiveman
Hahaha fat chance. The guy is a billionaire make no mistake about it.
Anyways, he did a great job market manipulation/illegal business practices/supporting sopa,pipa,cispa,acta Who knows, AMD might have a chance now. Maybe Intel will stop buying out retailers to sell Intel only. If only AMD could get a CEO like him.....
Are you unmarried without children? Both of those things will quickly change that perspective lol.Originally Posted by Pavix
Or they made enough getting to the top that they didn't need anymore. I know I will probably be alone, but I would never allow a company pay me more than $120k unless cost of living(New York or California) required more. There is absolutely no reason I need that much money.