LONDON – The total compensation for Paul Otellini, CEO of Intel Corp. (Santa Clara, Calif.), was $17,491,900 in 2011, up 11.75 percent from the equivalent figure of $15,652,500 in 2010, according to a filing with the Securities and Exchange Commission.
Otellini's basic salary increased 10 percent to $1.1 million in 2011. On top of that he received $7.3 million in stock, $1.8 million in stock options and $6.4 million in a non-equity incentive plan.
The compensation of other company officers is also listed in the SEC filing. Andy Bryant, vice chairman of the board of directors of Intel, was awarded $7,246,300 in 2011, a decrease from the $8,451,100 he was paid in 2010. Bryant's basic salary went up 46 percent to $720,000 but he received less stock and a smaller amount of non-equity compensation than in 2010
Stacy Smith, chief financial officer, was awarded $6,387,600 in total in 2011, an annual increase of just over 20 percent. Smith's basic salary was $635,000, up 33 percent.
David Perlmutter, general manager of the Intel Architecture group and Intel's chief product officer, suffered a cut in compensation. He was awarded a total compensation of $7,082,400, slightly down on his 2010 compensation of $7,159,300.
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