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Tuesday, July 15, 2014

When $9.6 million is made to look like chump change, or when it is 25th percentile of poor performers

Intel President: We've Made Some 'Gut-Wrenching' Changes That Employees Don't Like - Yahoo Finance: "James explained that everybody's bonuses used to be tied to how the company performed as a whole. She and Krzanich changed that to a mix of "business-unit specific objectives and corporate profitability," she says, which now helps Intel enforce "accountability to operating units."

Krzanich's pay was not left out of the shift. The letter to shareholders noted that he was being paid "well below [former CEO] Paul Otellini’s compensation as CEO" and less than some of his peers, too, at about " the 25th percentile relative to peer company CEOs."

He was paid $9.6 million in 2013."



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