Intel CEO's pay package climbs 7% to $15.7 million

05.04.2011

Otellini also received $131,000 attributed to changes in the value of his pension plan.

The company, meanwhile, logged a record year, growing revenue and profits by 24% and 167%, respectively, in the fiscal year ended Dec. 25. Intel's revenue came in at $43.6 billion, up from $35.1 billion in 2009. Net income hit $11.7 billion, up from $4.4 billion in the prior year.

Otellini's total pay is calculated using data supplied in a proxy statement filed with the SEC on April 4. The following figures are taken from the summary compensation table: salary, bonus, stock awards, option awards, non-equity incentive place compensation (performance-based cash bonus), changes in pension value and non-qualified deferred compensation earnings, and all other compensation. The estimated value of equity awards represents the grant date fair value for stock awards and stock options granted during the fiscal year.

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