r/technology Jan 13 '23 Bravo! 1 Helpful (Pro) 1

Apple CEO Tim Cook to take more than 40% pay cut Business


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u/gnocchicotti Jan 13 '23

Pat Gelsinger of Intel is my favorite CEO statistic.

CEO of a company with 1/5 the revenue of Apple, and is in stunning decline, made 80% of Tim Cook's compensation in 2022. For a brief time I recall he made more than Satya Nadella and Tim Cook combined.

I assume there are many ways to split this and it changes all the time due to performance targets and stock price, but if I were an Intel shareholder I would be watching that dude very, very closely to say the least. Shareholders voted 2:1 to reject the pay package in rather uncommon rebuke, but guess what the vote is non-binding because America is about funneling money to the top 0.01% and anyone with a pension fund or a 401k can go fuck themselves.


u/[deleted] Jan 13 '23 edited Jan 13 '23

Pat Gelsinger, and INTC as a whole, is fucking shit. Has been a turn-around story for the last 5 CEOs, it is garbage. I remember when going fabless became the rage and this fucking imbecile decided to double down on in-house foundries, a massively capex intensive segment that is winner-takes-all, and such winner being TSMC for now. It also takes decades to build and have a foundry operational. All this while INTC struggles to even fulfill ETAs on products because of in-house production issues

EDIT: INTC not INTL is the ticker, I messed up


u/Dramatic-Ad7192 Jan 13 '23

Intel keeping fabs in the US was more of a national security/IP protection decision. Not sure they’d be allowed to go fabless. We’re dumping money into US chipmakers at the moment.


u/[deleted] Jan 13 '23

Yes I know. TSMC however is also developing fabs in the US. And given INTC has shitty fab tech, I have no confidence that they will reach leading edge nodes like TSMC by the time INTCs fabs are ready