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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
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08/17/201616:10:00Intel Unveils Plans for Artificial-Intelligence Chips
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08/16/201614:40:00Intel Shows Off 'Project Alloy' Virtual-Reality Headset
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08/11/201618:30:00Nvidia Tops Sales Guidance, Gives Strong Outlook
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08/10/201603:03:00Intel Deal Shows Pull Of Artificial Intelligence -- WSJ
08/09/201616:40:00Intel, Apple Add to Artificial-Intelligence Deal Wave
08/09/201616:29:00Intel, Apple Add to Artificial-Intelligence Deal Wave
08/03/201620:37:00Intel Recalls Basis Peak Smartwatches Due to Overheating
08/01/201616:40:05Quarterly Report (10-q)
07/27/201618:59:38Statement of Changes in Beneficial Ownership (4)
07/27/201618:57:35Statement of Changes in Beneficial Ownership (4)
07/27/201618:55:30Statement of Changes in Beneficial Ownership (4)

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