Intel Paid CEO Otellini Total 2012 Compensation of $19 MillionLisa Rapaport
Intel Corp. Chief Executive Officer Paul Otellini’s total compensation increased 8.6 percent to $19 million last year.
His base salary rose 9.1 percent to $1.2 million, the Santa Clara, California-based company said today in a regulatory filing. The total also includes bonus, stock, options, pension and other benefits.
Otellini plans to retire in May after almost four decades at Intel. The CEO said in December that an insider would most likely be picked to succeed him. When Intel announced Otellini’s planned departure in November, it also signaled potential replacements by naming three executive vice presidents: Chief Operating Officer Brian Krzanich, Chief Financial Officer Stacy Smith and software head Renee James.