MANHASSET, N.Y. Though the semiconductor industry finished 2004 with a whimper, the year finished with a flourish for Intel Corp. chief executive Craig Barrett, who realized a $10.7 million profit from exercising 384,000 stock options in 2004, according to an Associated Press report.
Citing a proxy statement filed with the Securities and Exchange Commission (SEC), the report said Barrett's 2004 compensation was $2.6 million, excluding option grants and exercises. Barrett earned a $1.84 million bonus and salary of $610,000, which is flat with the salary paid in the last two years, the filing said.
Barrett, who will step down
as Intel's CEO in May, received compensation of $2.26 million in 2003.
Intel's 2004 revenue was $34.21 billion.