Arrival Intelligence The Corp Executive Director Lip-Bu Tan, which was appointed to the place this week, will receive a fee worth around $ 69 million if it reaches goals in the coming years.
The package includes a million dollar salary, plus 200% of performance bonus based on the basis of a chip manufacturer on a Friday application. It also includes $ 66 million in long -term prizes for capital and stock options and incentives for new rentals.
Tan separately agreed to buy 25 million dollars of the Intel section in the first 30 days of taking over the job. “Buying LIP-BU reflects his belief in Intel and dedication to creating a shareholder value,” the company states.
Earlier this week, Intel announced that Tan fills the role left empty when the Committee overturned its predecessor, Pat Gelsinger. The veteran of the semiconductor industry, which previously served as an Intel administration member, is in charge of trying to get the company back to the forefront of the industry in which it has dominated decades.
Tan, 65, will take a role on March 18, the company announced on Wednesday. The Committee will also be repeated after deviation in August 2024.
Intel shares gathered this year, getting 20%, including an increase of 15% on Thursday after Tan’s appointment announcement.
This story is originally displayed on Fortune.com
