Feeds

Intel to top execs: Company doing better? OK, have a carrot

Chipzilla reorgs exec pay to make them 'more accountable'

The essential guide to IT transformation

Intel has decided to shake up executive pay at the firm to make top employees more accountable for the company's earnings at a time when its main cash cow, the PC market, is struggling to make money.

Chipzilla has decreed that performance-based awards for senior execs will no longer have a minimum value, so in theory they could fall all the way to zero if the firm doesn't meet the thresholds for shareholder returns.

Intel is also going to up the number of employees that own stock from 50 to 350, further linking pay to performance at the firm.

"One of the top priorities of new CEO Brian Krzanich is to further strengthen our culture of accountability, engagement, and empowerment," the company said in a letter to stockholders.

"These changes are designed to help drive positive business results by further increasing accountability and enhancing the link between individual pay and company performance."

Intel was slow to realise that the shrinking PC market wasn't going to recover any time soon and its chips needed to be repurposed for mobile devices.

Since Krzanich came onboard, he has been trying to shake things up at the firm, concentrating on mobile processors and reorganising business divisions.

He has also been cutting costs by reducing the global workforce by around 5,400 and keeping a newly built factory in Arizona closed until demand picks up. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.