Otellini's pay package included his $1 million salary, which is unchanged from the salary he received in 2009, and a $30,400 cash bonus. The bonus, which Intel says is equivalent to three days of compensation, "was a special bonus paid to all eligible employees, including the listed officers, for their contribution in achieving an Intel milestone: Intel's first year when revenue exceeded $40 billion," the company explained in its proxy statement.
BY THE NUMBERS:
The biggest boost to Otellini's pay came in the form of a performance-based bonus worth $6.8 million -- which is up 29% from the $5.3 million bonus he received in 2009.
The combined value of Otellini's equity awards declined compared to a year ago. He received stock awards valued at $6.2 million at the time they were granted (down 7% from $6.7 million in 2009) and option awards valued at $1.1 million (down 8% from $1.2 million in 2009).
The value of Otellini's other compensation and perquisites increased 32% to $382,100 which includes: $14,700 for retirement plan contributions, $364,900 for deferred compensation plan contributions, and $2,500 for matching charitable contributions. (See also: )