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Intel discloses $7 billion operating loss for chip-making unit.
(www.reuters.com)
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this post was submitted on 03 Apr 2024
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So all the C-Suite is taking a pay cut, right?
Sure, they are lowering their pay with .50%
Not to say that it's a sufficient penalty for the C-suite, but their compensation packages generally consist of stock options in the company, meaning that the share price decline following unexpected negative events translate into a large pay cut for them.
Then they'll fight for more stock later to be "made whole."
Ha... Haha... Hahaha... AHAHAHAHA
They got a $10B injection from Uncle Sam