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

Date : 04/04/2012 @ 9:47AM
Source : Dow Jones News
Stock : Intel Corp. (MM) (INTC)
Quote : 36.26  0.0 (0.00%) @ 8:00PM

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

Intel (NASDAQ:INTC)
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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

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