(Bloomberg)-The CEO of Intel Corp. will receive. Lips, which was appointed in the position this week, compensated for about $ 69 million if it reached goals in the coming years.
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The chips maker said on Friday’s file that the package includes a $ 1 million salary, in addition to a 200 % -based payment bonus. It also includes $ 66 million in long -term stock prizes, stock options and new rental incentives.
Separately, Tan agreed to purchase $ 25 million of Intel shares in the first 30 days of taking office. “The purchase of lips reflects its faith in Intel and the commitment to create the value of the shareholders,” the company said in a statement.
Earlier this week, Intel announced that Tan was filling the role he left vacant when the council overthrew his predecessor, Gilgringer. The veteran was assigned to the semiconductor industry, which was previously working as a member of the Intel Board of Directors, to try to return the company to the forefront of an industry that has been controlled for decades.
The company said on Wednesday that Tan, 65, will take over the role on March 18. It will also join the council after step down in August 2024.
Intel shares rose this year, with 20 %, including a 15 % increase on Thursday after the announcement of the appointment of Tan.
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