Earlier this week it was revealed that Intel’s CEO Pat Gelsinger earned a big rise in compensation in 2023. However, the extra millions mean Gelsinger is still only receiving approximately half the total compensation AMD CEO Lisa Su receives, reportsMarketWatch. We don’t have the final 2023 figures for Nvidia’s Jensen Huang yet, but impressive stock gains have already propelled the leader of the green team into becoming theworld’s 21st richestperson.
Gelsinger’s compensation details came from Intel’s 2024 proxy statement, which came out on Thursday. The financial documents showed the Intel CEO enjoyed a 45% rise in total compensation from $11.61 million in 2022, to $16.86 million in 2023.
Overall, this seems fair if we look at Intel’s stock performance over the same period. During 2023 Intel stock gained over 90% in value. But 2022 wasn’t such a good year, with Intel stock dropping nearly 20%, and Gelsinger’s compensation fell a similar amount compared to the previous year.
AMD also released a proxy statement last week. According to the statement, the CEO,Dr Lisa Su, received $30.35 million in total compensation in 2023. This amounts to basically the same as her 2022 compensation. However, it remains about 80% ahead of the Intel CEO’s annual compensation.
Stock makes a big difference
All the total compensation figures we have highlighted include a mix of a base salary, stock awards and options, plus other bonuses and incentives. Both the above CEO total compensation figures are boosted significantly by stock awards. For example, Gelsinger’s 2023 salary was ‘just’ $1.07 million, but he earned $12.43 million in stock awards. Meanwhile, Su’s 2023 salary was $1.2 million, but she got $27.69 in stock and options, among other bonuses and incentives.
2022
$11.61 million
$30.22 million
$21.36 million
2023
$16.86 million
$30.35 million
$?
The (green) elephant in the room
By now you might be wondering about howJensen Huanghas fared in terms of his total compensation for 2023. Sadly, the full figures for the last fiscal year haven’t yet been published by Nvidia.
We know that the year previously, Huang’s total compensation was $21.36 million, and we knowNvidia stockwent up an amazing 239% over the course of last year. In brief, Huang probably had a decent total compensation uplift in 2023, we are just waiting on the official figures for full and confirmed details.
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Mark Tyson is a news editor at Tom’s Hardware. He enjoys covering the full breadth of PC tech; from business and semiconductor design to products approaching the edge of reason.
