Intels new CEO Pat Gelsinger welcome package is valued at $116 million

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Jan 19, 2021.

  1. ruthan

    ruthan Master Guru

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    Well give man such amount of money from shareholders which not have these, still make no sense.. this amount of money will make him not care about money anymore. especially when is old, he will probably not do this as some other step in this carrier, so reach even higher.
    I agree that is way too much, its bad side of capitalism, too extreme, but more likely some elites club at top of capitalistic pyramid.
  2. Loobyluggs

    Loobyluggs Ancient Guru

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    Not to argue, but, let's put that into perspective:

    Intel Market Cap is $235 thousand million+, or, $235,000,000,000+ and with a share price of $58+, this means that the slightest movement in the share price (in actuality) has a massive impact on the value of the shares and affects those who hold shares.

    Occulus was not even listed at the time, and didn't own anything but (frankly) niché IP that few cared about. VR is never a good bet for gaming/entertainment, as not even Half-Life 3 in full VR mode would interest most people anyway. See* half-life Alyx / StreamVR sales for proof of this (include ebay sell-offs in your research :) )

    And yet...FB bought it for the amount they did...this was a hugely over-inflated purchase...and kinda reminded me of the $20 headphones that Apple sell for $200+, with a "b" on the side...Dre made so much money from that deal, and, again, it was massively over-inflated pricing.

    Back to Intel

    $116m is a lot for a member of staff, no question, but in the grand scheme of things, the share price went from <$50 to <$59 in just a few days. That's NINE DOLLARS PER SHARE INCREASE. roughly, without checking the math too closely, this means it cost them 13 million shares, of, a total of issued stock being 6,000,000,000+ on stock that was decreasing in value, from 2015.

    So, that $116m did not actually cost them anything, it made them money.

    It makes sense to me, but beats and occulus does and did, not - those were more about tax write-offs than anything else, because if FB were serious about VR (for some crazy reason) MZ would have started from college doing that, not messing about with social networking for narcissists :)
  3. Sixtyfps

    Sixtyfps Master Guru

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    I want a welcome package ?
  4. geogan

    geogan Master Guru

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    My job and education is none of your procreating business, and what has that got to do with him getting paid too much compared to everybody else in the company? I'M NOT LOOKING FOR HIS JOB

    You sound like some spoiled vested interest trying to justify the insane wages/stocks given to the 1%ers.

  5. alanm

    alanm Ancient Guru

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    At least Gelsingers strength is his tech background (formerly CTO at Intel) vs Swans finance background. That I think gives him an advantage in charting a more effective long term direction of the company from a tech standpoint than Swan, which I believe is why he was highly sought after.
  6. MaCk0y

    MaCk0y Master Guru

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    Don't see anything wrong with this. CEOs capable of successfully directing and leading huge companies like these are not a dime a dozen. So it's an employee's market if you want to call it that. Intel thought he was worth that cost and offered him a big incentive to pry him away from VMWare. Scarcity + demand drives up the price.
    Last edited: Feb 1, 2021

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