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Intel CEO Brian Krzanich resigns

He may be still eligible to get about 6.95 million dollar in deferred compensation, retirement payments and medical benefits
BY BEx Bureau
BusinessEx
Jun 22, 2018

Brian Krzanich stands to lose out on about 45.3 million dollar after resigning as Intel Corporations chief executive officer for violating the companys non-fraternization policy.

Krzanichs none of his cash or incentive awards were guaranteed in the event he stepped down voluntarily or was terminated for cause. As a result, he will forfeit about 7.8 million dollar of restricted stock that pays out on a quarterly basis and 37.5 million dollar in performance equity grants made from 2016 to 2018.

Krzanich received 24.7 million dollar in awarded compensation last year, according to the Bloomberg Pay Index, which values equity at fiscal year end. He took home almost 100 million dollar in salary, bonuses, perks and vested stock and exercised options during his five years as CEO.

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