-- Mike Rogoway | mrogoway@oregonian.com | twitter: @rogoway | 503-294-7699. CEO Pat Gelsinger and other members of the executive team are taking salary reductions. Gelsinger: Intel chips have to be better than those made by 'a lifestyle company in Cupertino'. Pat Gelsinger’s income source is mostly from being a successful . Intel said Thursday it will pay Gelsinger $1.25 million in base salary, a $1.75 million hiring bonus and an annual bonus valued at $3.4 million, depending on performance. He is from American. Pat Gelsinger became the CEO of VMware, Inc. (NYSE:VMW) in 2012. The decision to hire Gelsinger was a surprise because Intel promoted current CEO Bob Swan to the top job less than two years ago. The 2019 Glassdoor Employees’ Choice Awards for the Top CEOs contains six company categories and includes reviews by … Pat Gelsinger Net Worth: Since 2005, Pat Gelsinger has made over 24 VMware holdings, according to Construction 4 filed with the SEC. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. 51 on Glassdoor's Best Places to Work list in 2019. Learn about the latest updates for North American minimum wage changes on a monthly basis. ERI's Executive Compensation Assessor makes it easy to benchmark executive compensation packages for planning and reporting. Of this total $700,000 was received as a salary, $600,250 was received as a bonus, $0 was received in stock options, $12,082,453 was awarded as stock and $26,155 came from other types of compensation. His net worth has been growing significantly in 2019-2020. (His salary in 2020 has not yet been disclosed.) Dell Technologies owns 81% of VMware, though VMware's market cap is … All rights reserved (About Us). Patrick Paul Gelsinger (born 1961) is an American business executive and engineer, currently serving as CEO of Intel.. Gelsinger is based in Silicon Valley since the late 1970s and graduated from Stanford University with a master's degree in engineering. 2021 © ERI Economic Research Institute, Inc. ALL Rights Reserved. Intel disclosed Gelsinger’s pay package Thursday, a day after his unexpected hiring. On the second day of Dell Technologies World 2019, VMware CEO Pat Gelsinger shared his 2019 vision for VMware. The sum of all cash payments made to an individual for services during a given year. Career website Glassdoor today released its 2019 list of the top 100 chief executive officers. Pat Gelsinger is Chief Executive Officer at Intel Corp. See Pat Gelsinger's compensation, career history, education, & memberships. The company must decide whether to admit technical defeat and outsource its leading-edge chips to rival manufacturers in Asia. VMware ’s Pat Gelsinger (99 percent approval) 2. This year, VMware CEO Pat Gelsinger claims the top spot for the first time with a 99 percent approval rating, jumping from No. Mr. Gelsinger, age 57, has served as Chief Executive Officer (CEO) and a director of VMware since September 2012. Mr Gelsinger owns over 20,000 units of VMware stock worth over $60,678,216 and over the last 15 years, he sold VMW stock worth over $410,273. 2019: Proportion (2020) Salary: US$1.0m: US$1.0m: 2%: Other: US$42m: US$23m: 98%: Total Compensation: US$43m : US$24m: 100%: On an industry level, roughly 13% of total compensation represents salary and 87% is other remuneration. VMware was a major force at Dell Technologies World 2019, demonstrating VMware’s great importance in the Dell Technologies family. The estimated Net Worth of Patrick P Gelsinger is a minimum of $104 Million dollars as of 19 July 2019. Though based in Silicon Valley, its largest and most advanced operations are in Washington County. Intel said Thursday it will pay Gelsinger $1.25 million in base salary, a $1.75 million hiring bonus and an annual bonus valued at $3.4 million, … 11. This information is derived from proxy statements filed for the 2019 fiscal year. He’s been in his current position since the Fall of 2012 and under his leadership, the company has almost doubled in size. This covers all compensation that don't fit in any of these other standard categories. Pat Gelsinger worked at Intel for 30 years before leaving in 2009.VMware photo. In-N-Out Burger ’s Lynsi Snyder (99 percent approval) 4. Swan, the outgoing CEO, was paid 695 times that sum. Receiving an astounding 99 percent approval rating from users on Glassdoor, VMware CEO Pat Gelsinger was voted the best CEO in America in 2019 … Find market rates for jobs by location, industry, and size. Prior to that, Mr. Gelsinger led Intel's Desktop Products Group. Intel CEO's pay tops $21 million after 'exceptional' year … The chipmaker offered the eye-popping incentives to lure Gelsinger away from his current role running VMware, which most recently valued his annual compensation at more than $42 million. Board Member. This information is according to proxy statements filed for the 2020 fiscal year. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$1.0m. This page is a promotion for ERI’s Assessor Series and is not intended for professional use. Little more than two years ago, Pat Gelsinger's CEO tenure at VMware looked shaky. Mr. Gelsinger joined EMC from Intel Corporation, where he was Senior Vice President and Co-General Manager of Intel Corporation's Digital Enterprise Group from 2005 to September 2009 and served as Intel's Senior Vice President, Chief Technology Officer from 2002 to 2005. Subscribe now. Pat Gelsinger is the CEO of VMware, but he’s not your typical corporate executive. In addition, Gelsinger stands to receive $100 million in restricted stock – contingent on Intel and its share price meeting various performance metrics. Compensation: VMware valued Gelsinger’s total compensation at $23.6 million last … Gary S. Guthart, Intuitive Surgical (97% approval) Intuitive Surgical chief executive Gary Guthart has … © 2021 Advance Local Media LLC. $3,366,346 was received as Total Cash, $20,196,095 was received as Equity and $6,750 was received as Pension and other forms of compensation. whether it will outsource its leading-edge manufacturing to rivals in Asia. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at … Facts-first reporting from the source you trust. VMware's Pat Gelsinger topped the list. In addition, he makes $42,549,700 as Chief Executive Officer and Director at Vmware. To view more detailed proxy data including previous years contact our sales team. Professionals should subscribe to ERI’s Assessor Series. Check out Pat Gelsinger's net worth in US Dollar Apr, 2021. Butt earned a 99% approval rating based on employee reviews and ranked second behind VMware's Pat Gelsinger (99%) and ahead of In-N-Out Burger's Lynsi Snyder (99%). Here is a sneak peek at the 2019 VMware strategy and plans! Patrick Gelsinger made $23,569,191 in total compensation as Director and Chief Executive Officer at VMware Inc in 2019.$3,366,346 was received as Total Cash, $20,196,095 was received as Equity and $6,750 was received as Pension and other forms of compensation. Part of Dell Technologies, VMware was voted No. That’s evidently what it took to pull Gelsinger away from VMware, which is thriving, and jump into a crisis situation at Intel. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/21). | Our data indicates that VMware, Inc. is worth US$59b, and total annual CEO compensation was reported as US$24m for the year to February 2019. It is comprised of yearly Base Pay and Bonuses. Contact us to find out more about the compensation structure for, The following Interpublic Group (IPG) board members are connected to Mr. Patrick Gelsinger. 78 last year with 92 percent approval. Intel valued Swan’s 2019 compensation at $67 million, which was inflated by bonuses associated with his promotion. This information is derived from proxy statements filed for the 2019 fiscal year. T-Mobile ’s John Legere (99 percent approval) 5. Intel has said a deadline of next Thursday to announce whether it will outsource its leading-edge manufacturing to rivals in Asia or keep that work in-house. The restricted stock vests over a period of five years, contingent on Gelsinger remaining with Intel. Pat Gelsinger salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Pat Gelsinger based on real numbers. How Does Pat Gelsinger's Compensation Compare With Similar Sized Companies? Gelsinger, 59, spent 30 years at Intel and was among its top engineers and top Oregon executives when he left the company in 2009. So, how much is Pat Gelsinger worth at the age of 58 years old? Patrick tràdes about 10,890 […] The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. VMware reported nearly $9.0 billion in revenue last year and profits of $2.4 billion. https://www.cnbc.com/2019/06/19/glassdoor-top-10-us-ceos-2019.html Powered by ERI's Executive Compensation Assessor®, Chairman of the Board and Chief Executive Officer, Director, President and Chief Executive Officer, Chief Executive Officer and Chairman of the Board, Director, Chief Executive Officer and President, 2012 - 2019 On an industry level, around 13% of total compensation represents salary and 87% is other remuneration. Incoming Intel CEO Pat Gelsinger stands to collect well over $100 million at his new job. Of this total $1,000,000 was received as a salary, $1,511,875 was received as a bonus, $0 was received in stock options, $40,010,184 was awarded as stock and $27,666 came from other types of compensation. On 19 July 2019, he most recently executed 20,000 VMW stock units worth $1,605,000. Gelsinger owns over 10,000 units of Vmware stock worth over $22,253,619 and over the last 16 years he sold VMW stock worth over $410,273. By any measure, though, it’s an enormous amount of money. The vast majority of what Intel promised Gelsinger is contingent on performance, so it could be worth a lot less if things go badly – or even more if the company excels under his leadership. Patrick Gelsinger made $23,569,191 in total compensation as Director and Chief Executive Officer at VMware Inc in 2019. The company's CEO, Pat Gelsinger was awarded the top spot Intel valued Swan’s compensation for 2019 at $ 67 million, which was bumped up by bonuses related to his promotion. The decision to hire Gelsinger came as a surprise to many, as Intel appointed Bob Swan as CEO less than two years later. Intel said Thursday it will pay Gelsinger $1.25 million in base salary, a $1.75 million hiring bonus and an annual bonus valued at $3.4 million, depending on performance. The software company's stock price was down by half since his arrival in … Gelsinger, formerly Intel’s chief technology officer, will be tasked with restoring Intel’s engineering edge. Community Rules apply to all content you upload or otherwise submit to this site. We have estimated Pat Gelsinger's net worth, money, salary… H E B ’s Charles C. Butt (99 percent approval) 3. He became VMware’s CEO in 2012. Intel employs more than 21,000 in Oregon, where it engineers and makes each new class of computer chip. Pat Gelsinger Net Worth. On 21 July 2006, the most extensive transaction he ever made was using 185,000 VMwàre stock units worth over $2,207,050. The value of stock and option awards plus long term incentives granted. (His salary in 2020 has not been disclosed yet.) For 2019, Intel reported that its median employee earned $96,300. Intel has lost its leading role in the chip industry over the past few years following a succession of manufacturing failures in three consecutive generations of new microprocessors. additionally, he makes $42,549,700 as Chief military officer and Director at VMware. It’s no small wonder that the company has taken off in growth, thanks to Gelsinger’s 35 year of leadership experience in the tech field. The decision to hire Gelsinger came as a surprise to many, as Intel appointed Bob Swan as CEO less than two years later. Investors may find it interesting that VMware paid a marginal salary to Pat Gelsinger… If Gelsinger buys up to $10 million in Intel stock, the company said it will give him a matching number of restricted shares. So he may ultimately receive considerably less than that – or, potentially, even more. Adobe ’s Shantanu Narayen (98 percent approval) 6. He previously served as CTO of Intel. (It hasn’t disclosed his 2020 pay yet.). Mr. Gelsinger VMW stock SEC Form 4 insiders trading ... 10/2019–02/2021. https://www.valuewalk.com/2019/12/top-10-highest-paying-companies-of-2019 VMware CEO Pat Gelsinger joined us. Prior to joining VMware, he served as President and COO, EMC Information Infrastructure Products at EMC from September 2009 to August 2012. Intel valued Swan’s compensation for 2019 at $ 67 million, which was bumped up with bonuses related to his promotion. As CEO at VMWARE, INC., Patrick Gelsinger made $42,549,725 in total compensation. Glassdoor’s 100 Top CEOs in 2019 award features winning chief executives across diverse industries spanning technology, health care, finance, manufacturing, retail and more. 2018 Salary: $17.68 million; Pat Gelsinger became CEO of the software company VMware in 2012, and since then, he’s nearly doubled the company’s size. 7 years. Pat Gelsinger Reveals 2019 VMware Strategy + Plans! The ten Top CEOs in 2019 in the U.S. are: 1. Of course, only makes sense—it's part of Dell Technologies.
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