Stop messing around
23 May 2022
It's good to be a CEO of a large company. A little too much in our opinion.
In 2021, the CEO of a listed US company is paid an average of nearly $15 million. That's 2x more than 10 years ago.
30 of them are paid more than $30 million.
We are shareholders in Intel. When we opened the Proxy (the document that specifies executive compensation), Charles cracked the team's eardrums: Path Gelsinger, the freshly minted CEO in February 2021, is set to receive compensation of .... $179 million.
Some decency please.
And it doesn't matter what that compensation is made up of - fixed salary, bonus, or stock options.
At Intel's general meeting, we voted against this compensation proposal. And 54% of the shareholders followed us. We hope that the check will be well rounded.
Just a thought for Expedia shareholders, who are about to pay their CEO, Pierre Kern, $296 million. That's almost 3,000 times the average salary of the group.
Have a great week,
Pierre
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