Intel shareholders approve equity incentive plan and new CEO pay, stock prices fell 1.6%
From Yahoo Finance: 2025-05-06 12:46:00
Intel shareholders approved a measure to increase share reserves for employee retention and CEO compensation. Share prices fell 1.6% despite this approval. CEO Lip-Bu Tan stands to receive $42 million in stock awards based on Intel’s performance. Three shareholder proposals were rejected, including reassessing operations in Israel and allowing written consent. Tan aims to restructure Intel, focusing on AI and cutting middle management. He plans to leverage Intel’s market share for competitive products.
Read more at Yahoo Finance: Intel shareholders approve equity incentive plan, new CEO pay