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Intel CEO Pay Rises to $19.1 Million as Security Costs Climb

  • Company boosted security program after backlash on diversity
  • Krzanich’s compensation increased 30 percent from 2015
Brian Krzanich.

Brian Krzanich.

Photographer: Patrick T. Fallon/Bloomberg
Corrected

Intel Corp. boosted Chief Executive Officer Brian Krzanich’s compensation package 30 percent to $19.1 million last year, fueled by a bigger stock award and costs for his personal security arrangements.

Intel’s board awarded Krzanich, 56, stock worth $11.7 million, a 20 percent increase from 2015, according to a proxy statement Thursday. The CEO also received $1.25 million in salary, $3.7 million in bonuses, about $2.13 million in security services, plus other smaller items.