this post was submitted on 03 Apr 2024
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150
Intel discloses $7 billion operating loss for chip-making unit. (www.reuters.com)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 64 points 7 months ago (4 children)

So all the C-Suite is taking a pay cut, right?

[–] [email protected] 9 points 7 months ago

Sure, they are lowering their pay with .50%

[–] [email protected] 8 points 7 months ago (1 children)

Not to say that it's a sufficient penalty for the C-suite, but their compensation packages generally consist of stock options in the company, meaning that the share price decline following unexpected negative events translate into a large pay cut for them.

[–] [email protected] 3 points 7 months ago

Then they'll fight for more stock later to be "made whole."

[–] [email protected] 6 points 7 months ago

Ha... Haha... Hahaha... AHAHAHAHA

[–] [email protected] 3 points 7 months ago

They got a $10B injection from Uncle Sam