On December 21, Intel shareholder LR Trust filed a lawsuit against Company Executives and Directors, including former Chief Executive Officer Pat Gelsinger and interim Co-Chief Executive Officer and Chief Financial Officer David Zinsner, due to poor performance in the company's foundry business, seeking the return of salaries and compensation for losses. LR Trust accuses Gelsinger and Zinsner of mismanagement, misleadingly disclosing the poor performance of Intel's foundry services (IFS), and concealing the fact that IFS has struggled to attract customers and has continued to incur losses. Among the listed demands, the plaintiff requests that Gelsinger's salary of 0.207 billion dollars (approximately 1.511 billion yuan) earned during his tenure in 2021, 2022, and 2023 be fully returned to Intel. If the lawsuit succeeds, any damages awarded will go to Intel rather than LR Trust or individual shareholders, which will help improve Intel's financial situation. As a long-term shareholder of Intel, LR Trust will also indirectly benefit.
英特尔前CEO被追讨2亿美元薪酬
The former CEO of Intel is being pursued for a salary of 0.2 billion dollars.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.