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Intel boss banked $11.2 million last year

by on06 April 2015

You get what you pay for

Intel chief executive Brian Krzanich made $11.2 million in total compensation in 2014.

According to Chipzilla's proxy statement released Krzanich received $1 million in base salary, $3.2 million in an incentive cash payment, and $6.9 million in stock. That compares to $9.5 million in total compensation in 2013 and $15.8 million in 2012.

To be fair Intel has been doing rather better than many predicted. Last year it generated $55.9 billion in revenue, up 6 percent from $52.7 billion a year earlier. Its net income was $11.7 billion, up 22 percent from $9.6 billion in 2013.

Since he took over the share price has been steadily climbing. In fact the only thing he has not managed to is break into smartphone and tablet chips. But since smartphone and tablet sales are drying up, it is not really a big thing, and is only really being parroted by tech press people who still say dumb things like "the tablet was a game changer."

Krzanich is a lot more visible than his predecessor Paul Otellini. Krzanich has given talks at the Consumer Electronics Show two years in a row, and he even hosted a wearable tech fashion show in San Francisco.

At the most recent CES, Krzanich announced that Intel would invest $300 million in diversity programs in an attempt to raise the number of women and minorities working in the tech industry and games.  Still it is hard to imagine anyone who could give value for money earning $11 million a year.

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