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I'm not up on corpo shareholder suits in general, but has there been a high-profile case of shareholders demanding the return of salary from CEOs that managed do nothing useful?
Like, did Carly or Leo have to pay HP back for their blunders? Or Marissa at Yahoo? And so on, etc.
Gelsinger didn't do "nothing."
He was clear from day one that it would take years for Intel to recover. It takes a long time for their products to make it to market, especiallyhlwhen they have to buipdnfab facilities. He was essentially fired for his predecessors lingering fuckups.
The biggest product that's launched he actually had some control over was the second generation of Arc, which launced days after he was fired and has been a massive success.
Tbh I think a big part of the reason they’re targeting gelsinger is because he’s not from the financial boys club.
That said, I still don’t have a much of sympathy for him at all. He handled the lithography fiasco hilariously poorly, amongst many other things, and there’s no way his salary (or the salaries of the vast majority of CEOs in general) are justified
Someone think of the poor starving shareholders!!!
Let them eat each other.
Intel Executive leadership were extra incompetent though.
About time these losers starting actually taking the L
Parasites can do anything. All of Intel CEO's over last 10 years should be given prison for under mining US national security.
Not our guy Pat!