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Intel discloses $7 billion operating loss for chip-making unit. (www.reuters.com)

submitted 7 months ago by GreenEngineering3475@lemmy.world to c/technology@lemmy.world

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[–] tsonfeir@lemm.ee 64 points 7 months ago (5 children)

So all the C-Suite is taking a pay cut, right?

[–] GissaMittJobb@lemmy.ml 8 points 7 months ago (1 children)

Not to say that it's a sufficient penalty for the C-suite, but their compensation packages generally consist of stock options in the company, meaning that the share price decline following unexpected negative events translate into a large pay cut for them.

[–] andrew@lemmy.stuart.fun 3 points 7 months ago

Then they'll fight for more stock later to be "made whole."

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