Intel CEO Paul Otellini Earned $16.7 Million in 2011

News
By Douglas Perry
published

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.

Douglas Perry
27 Comments Comment from the forums
  • memadmax
    Well deserved...
    Just tell the so called 99%'ers to piss off....
    Reply
  • dalethepcman
    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....
    Reply
  • h83
    Don´t forget that profits matter more than gross revenue and that seems to be the key for apple...
    Reply
  • hoomanium
    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....
    Reply
  • willard
    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.
    Reply
  • Plasmid
    Hedge fund managers make a lot more. For them a 16 millions dollars is what they get in bonuses.
    Reply
  • hoomanium
    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!
    Reply
  • _Pez_
    I want that work ? what should I do ? seriously..
    Reply
  • jimmysmitty
    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.
    Reply
  • v3nom777
    hoomaniumThanks 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!
    Don't read the comments then. Nobody is forcing you to read peoples opinions, except you.
    Reply