Intel's CEO earned $1.786 million last year, 1711 times more than the average employee

News on March 3, Reuters released a report that according to a document, processor leader Intel CEO Pat Gelsinger (Pat Gelsinger) has paid as much as $31.2021 million since joining Intel in February 2, which is 1% higher than the salary of former CEO Bob Swan, reaching 786 times the salary of Intel's average employees.

However, it should be pointed out that of Kissinger's salary of $2021.1 million in 786, stock awards accounted for nearly 79%, especially one-time employee stock awards amounting to $1 million.

According to reports, the salary level of executives of American technology companies has been repeatedly increased, such as Apple CEO Tim Cook's salary in 2021 as high as $8530.300 million (basic salary of $8230 million, and stock awards of $1447.<> million), which is <> times the salary of ordinary employees. Despite some outside shareholders' opposition to generous salaries for executives, Apple's shareholder meeting passed the resolution.

While not responding to Reuters reports, Intel called on shareholders to support executive compensation at the May 5 shareholder meeting. Kissinger's salary is mainly due to the fact that after taking over the CEO position, he implemented a series of reforms to promote Intel's return to the foundry market.

Intel's newly announced European investment plan, the first phase of which is $330 billion, includes a €170 billion investment in building two advanced process fabs in Magdeburg, Germany, with an investment of about €120 billion, doubling the manufacturing space of a factory in Lexlip, Ireland. When completed, another €300 billion will be spent in Ireland. Negotiations are underway with Italy for a new €45.800 billion back-end manufacturing facility. Intel plans to invest a total of 200 billion euros in Europe. Before that, Intel announced last year that it would invest $200 billion to build two fabs in Arizona, USA, and this year Intel announced that it would invest $2025 billion in Ohio to build two new fabs, which are planned to start construction this year and put into production in <>.

Editor: Xinzhixun-Lin Zi