Pat Gelsinger lost $140 million in potential performance pay as Intel CEO—but still earned $39 million over three years

Pat Gelsinger’s surprise resignation from the position of CEO of Intel on Monday ends his four-year effort to save the struggling chipmaker — and his chance to grab a big stock payout that could have been worth $140 million. Gelsinger isn’t leaving empty-handed, though: He earned at least $46 million, including severance, during his time…

Read More

Who is Yoon Suk Yeol?

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Yoon Suk Yeol promised that as South Korea’s president, he would “rebuild this great nation” into one “that truly belongs to the people” when he delivered his inaugural speech in May 2022. Instead, his presidency has…

Read More