Intel Shareholders Approve $42M CEO Compensation, Restructuring Plans

Intel shareholders have approved a plan to increase share reserves to attract and retain employees and to provide compensation for new CEO Lip-Bu Tan, whose potential total in stock awards could reach $42 million if performance targets are met. The board of directors was also approved, though three members did not stand for reelection. Meanwhile, shareholders rejected proposals that would have required Intel to reassess its operations in Israel, produce additional reports on charitable donations, and allow shareholder actions by written consent. These moves come as Intel continues to focus on streamlining its organization and investing in semiconductor manufacturing, with some workers at its Leixlip plant awaiting news on possible job impacts due to a global workforce reduction.