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Intel CEO exercises options, enjoys $572K payday
Monday April 23, 3:07 pm ET
Intel Corp.'s chief executive officer made a $572,000 profit before taxes after exercising options for common stock Friday, according to a Securities and Exchange Commission filing.
Paul Otellini, president and CEO of Intel, exercised the shares for $17.42 per share, selling them later in the day for $21.89.
The Santa Clara-based company, which has a large campus in Folsom, has embraced an aggressive cost-cutting effort that has helped the tech giant improve its operations.
Shares of Intel (Nasdaq: INTC) dropped 22 cents to $21.94 in midday trading Monday.
Intel CEO exercises options, enjoys $572K payday
Monday April 23, 3:07 pm ET
Intel Corp.'s chief executive officer made a $572,000 profit before taxes after exercising options for common stock Friday, according to a Securities and Exchange Commission filing.
Paul Otellini, president and CEO of Intel, exercised the shares for $17.42 per share, selling them later in the day for $21.89.
The Santa Clara-based company, which has a large campus in Folsom, has embraced an aggressive cost-cutting effort that has helped the tech giant improve its operations.
Shares of Intel (Nasdaq: INTC) dropped 22 cents to $21.94 in midday trading Monday.
