Intel ex-CEO Gelsinger and current co-CEO slapped with lawsuit over Intel Foundry disclosures — plaintiffs demand Gelsinger surrender salary earned
Intel ex-CEO Gelsinger and current co-CEO slapped with lawsuit over Intel Foundry disclosures — plaintiffs demand Gelsinger surrender salary earned
LR Trust wants Pat Gelsinger and David Zinsner to return their compensation.
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I'm not up on corpo shareholder suits in general, but has there been a high-profile case of shareholders demanding the return of salary from CEOs that managed do nothing useful?
Like, did Carly or Leo have to pay HP back for their blunders? Or Marissa at Yahoo? And so on, etc.
Tbh I think a big part of the reason they’re targeting gelsinger is because he’s not from the financial boys club.
That said, I still don’t have a much of sympathy for him at all. He handled the lithography fiasco hilariously poorly, amongst many other things, and there’s no way his salary (or the salaries of the vast majority of CEOs in general) are justified