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Intel CEO's Total Compensation Up 12% To $17.5 Million In 2011

By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Intel Corp.'s (INTC) chief executive saw a 12% bump in his total compensation in the last fiscal year, benefiting from an increase in stock and option awards. Paul Otellini received $17.5 million in total compensation in 2011 as stock awards increased 18% to $7.3 million and option awards increased 67% to $1.8 million. In addition, his base salary rose 10% to $1.1 million. Intel reported record revenue in 2011 as the Santa Clara, Calif., semiconductor giant benefited from soaring demand in emerging markets. In addition, business spending on servers and other data center products boosted sales of Intel processors. As a result, Intel's stock climbed 15% during 2011. Vice Chairman Andy Bryant's total compensation slid 14% to $7.2 million on a decline in stock awards and non-equity incentive plan compensation. His salary, however, increased 46% to $760,000. Chief Financial Officer Stacy Smith's total compensation rose 20% to $6.4 million amid a 34% rise in salary and a 42% rise in stock awards. Intel will report first-quarter results April 17. -By Shara Tibken, Dow Jones Newswires; 212-416-2189; shara.tibken@dowjones.com

Stock News for Intel (INTC)
DateTimeHeadline
03/24/201711:27:53Current Report Filing (8-k)
03/23/201718:41:09Initial Statement of Beneficial Ownership (3)
03/23/201718:25:43Initial Statement of Beneficial Ownership (3)
03/23/201718:10:00Correction to Intel New Drives Story on March 19
03/23/201709:18:20Current Report Filing (8-k)
03/23/201709:05:00Intel Declares Quarterly Cash Dividend
03/23/201709:00:00Intel Elects Two New Members to Board of Directors
03/21/201714:55:00Intel Tips Off NCAA® March Madness® with Multiyear Exclusive P...
03/19/201712:23:00Correction to Chip Designers Story
03/19/201706:29:00Intel Looks to Gain From Data Explosion With New Drives
03/16/201708:08:00Watch now: BizWireTV Spotlights a Big Debut at This Year’s S...
03/16/201703:02:00Intel Deal Faces Stiff Test -- WSJ
03/15/201718:44:16Statement of Changes in Beneficial Ownership (4)
03/15/201712:51:00Deal for Mobileye Puts Intel's Spotty Record of Big Acquisitions...
03/15/201703:02:00Big Tech Reshapes Automotive Sector -- WSJ
03/14/201714:49:00Intel Deal for Mobileye Fuels Israel's Drive to Become Automotive...
03/14/201708:35:00Wind River Transforms Future of Industrial IoT with Breakthrough...
03/14/201707:24:00Big Tech Reshaping Auto Supply Chain With Latest Deals
03/14/201707:06:00Today's Top Supply Chain and Logistics News From WSJ
03/14/201703:02:00Intel Joins Race for 'Servers on Wheels' -- WSJ

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