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Intel CEO Paul Otellini Earned $16.7 Million in 2011

By - Source: Intel / SEC | B 27 comments

Paul Otellini's compensation for 2011 has grown in line with Intel's gains in operating profit.

The CEO received a total compensation of $16.7 million for the year, which was up 11 percent year over year. The company's operating profit jumped by 12 percent from 15.6 billion to $17.5 billion between 2010 and 2011. Intel reported a record result for 2011 with revenues surpassing $50 billion and landing at $54.2 billion for the first time in the firm's history.

According to an SEC filing, Otellini's stock awards increased by 18 percent to a total of $7.3 million and option awards came in at an additional $1.8 million (+67 percent). Otellini's base salary was increased from $1 million to $1.1 million for the year. The higher CEO pay is also justifiable via Intel's stock performance as Intel shares gained about 15 percent in 2011.

Among other key executives, the highest compensated corporate officers are CFO Stacy Smith with a total pay of $6.1 million, vice chairman of the board Andy Bryant with $8.1 million, chief product officer David Perlmutter with $6.5 million and general counsel Douglas Melamed with $5.3 million.

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  • 13 Hide
    willard , April 5, 2012 9:48 PM
    dalethepcmanGoogle, 40 billion / year gross revenue, CEO makes 5.8 millionIntel, 50 billion / year gross revenue, CEO makes 17 millionApple, 100 billion / year gross revenue, CEO makes over 400millionSome CEO's deserve their pay, while others....

    Tim Cook doesn't make $400M a year. He got a $334M (not $400M) bonus when he became CEO. This bonus is paid in stock, which vest over the next 10 years. For those of you who've never had to deal with stupid vesting bonuses (hate them so much), it means he doesn't get a dime until 6 years from now, and after 10 years he'll get the full $334M.

    If he leaves Apple, or is replaced before then, he doesn't get shit.
  • 13 Hide
    memadmax , April 5, 2012 9:03 PM
    Well deserved...
    Just tell the so called 99%'ers to piss off....
Other Comments
  • 13 Hide
    memadmax , April 5, 2012 9:03 PM
    Well deserved...
    Just tell the so called 99%'ers to piss off....
  • 8 Hide
    dalethepcman , April 5, 2012 9:13 PM
    Google, 40 billion / year gross revenue, CEO makes 5.8 million
    Intel, 50 billion / year gross revenue, CEO makes 17 million
    Apple, 100 billion / year gross revenue, CEO makes over 400million

    Some CEO's deserve their pay, while others....
  • 1 Hide
    h83 , April 5, 2012 9:26 PM

    DonĀ“t forget that profits matter more than gross revenue and that seems to be the key for apple...
  • -8 Hide
    hoomanium , April 5, 2012 9:38 PM
    Ok, we understand you hate Apple. Good for you.
    dalethepcmanGoogle, 40 billion / year gross revenue, CEO makes 5.8 millionIntel, 50 billion / year gross revenue, CEO makes 17 millionApple, 100 billion / year gross revenue, CEO makes over 400millionSome CEO's deserve their pay, while others....

  • 13 Hide
    willard , April 5, 2012 9:48 PM
    dalethepcmanGoogle, 40 billion / year gross revenue, CEO makes 5.8 millionIntel, 50 billion / year gross revenue, CEO makes 17 millionApple, 100 billion / year gross revenue, CEO makes over 400millionSome CEO's deserve their pay, while others....

    Tim Cook doesn't make $400M a year. He got a $334M (not $400M) bonus when he became CEO. This bonus is paid in stock, which vest over the next 10 years. For those of you who've never had to deal with stupid vesting bonuses (hate them so much), it means he doesn't get a dime until 6 years from now, and after 10 years he'll get the full $334M.

    If he leaves Apple, or is replaced before then, he doesn't get shit.
  • 6 Hide
    Plasmid , April 5, 2012 9:53 PM
    Hedge fund managers make a lot more. For them a 16 millions dollars is what they get in bonuses.
  • 9 Hide
    hoomanium , April 5, 2012 10:05 PM
    willardTim Cook doesn't make $400M a year. He got a $334M (not $400M) bonus when he became CEO. This bonus is paid in stock, which vest over the next 10 years. For those of you who've never had to deal with stupid vesting bonuses (hate them so much), it means he doesn't get a dime until 6 years from now, and after 10 years he'll get the full $334M. If he leaves Apple, or is replaced before then, he doesn't get shit.


    Thanks for clarifying that. I'm getting sick of this bunch of ignorant people who try so hard to connect any topic, not matter how unrelated, to Apple. Don't take me wrong, I'm not a fan of that company, I'm just a regular reader here. But it's impossible to open of an article on Tom's these days and not notice unrelated, overwhelmingly exaggerated comments on Apple. Cut the crap!
  • 0 Hide
    _Pez_ , April 5, 2012 11:00 PM
    I want that work ? what should I do ? seriously..
  • -4 Hide
    jimmysmitty , April 5, 2012 11:03 PM
    memadmaxWell deserved...Just tell the so called 99%'ers to piss off....


    Agreed. Year after year record profit, consitent performance increases across all their product lines and a major market share holding in most markets they are in.

    Though I wouldn't mind getting paid that amount. I could build plenty of new PCs for fun.
  • -2 Hide
    greenrider02 , April 6, 2012 1:03 AM
    The president of my school makes $10+ million/year. Approximately 5% of our entire budget
  • -2 Hide
    halcyon , April 6, 2012 2:22 AM
    Why is this news?
  • -7 Hide
    Anonymous , April 6, 2012 2:49 AM
    Well at least they're saying he "earned" the money. Unlike the Obama administration which seems to think it controls the means of production and anyone not paying there "fair share" are robber barons of years past. Hey he's leading a company that makes a good product and rakes in piles of cash. Go capitalists GO!!!
  • 1 Hide
    amuffin , April 6, 2012 3:31 AM
    Sandybridge.
  • -3 Hide
    Zingam_Duo , April 6, 2012 4:03 AM
    Wow! Such a poor guy...

    So much money for the easiest job in the world! Seriously being a CEO of a monopoly is the easiest job in the world. All you have to do is: do nothing because you might otherwise ruin the company... :D 
  • 0 Hide
    Zingam_Duo , April 6, 2012 4:04 AM
    _Pez_I want that work ? what should I do ? seriously..


    Dream about it, probably? :D 
  • 0 Hide
    papaswedine , April 6, 2012 4:22 AM
    I wonder if he actually knows how to build a PC?
  • 0 Hide
    jkflipflop98 , April 6, 2012 4:47 AM
    papaswedineI wonder if he actually knows how to build a PC?



    I would imagine finding where the HDMI cable hooks into his new TV would give him trouble.
  • 0 Hide
    Benihana , April 6, 2012 5:34 AM
    Sweet! Looks like my $600 contributed! :D  Better luck next time AMD.
  • 0 Hide
    tomfreak , April 6, 2012 6:44 AM
    if his earning in Intel is up 11 percent year over year, does the same percentage apply to all Intel employee who contributed the company growth? yes no?
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