Total value aside - if 3% of his compensation is salary, and 97% is stock based - that's not necessarily a terrible motivator for the CEO to do something for the shareholders..Wow:
Gelsinger took over as CEO of Intel in Feb. 2021, and received a compensation package worth $178.59 million later that year, according to a financial filing. The compensation included over $1 million in salary, a $1.75 million bonus, over $140 million in stock awards, and nearly $30 million in option awards.
Q1 2022 vs. Q1 2021 Revenue
Intel: -7% (-1% non GAAP, -7% GAAP)
Turnarounds also take years - so it's going to be interesting to see if the shareholders (who somewhat rewarded the previous CEO's behavior because of buybacks and dividends) continue to side more with short term profits over the long term viability of the historical company model which Gelsinger is trying to restore. Strategically, Intel having it's own fabs can give them advantages others can never have, but the risk profile for this advantage only increases with time.
(If you want real "CEO Wows" - look at former Lockheed CEO Kubasik, who was fired for improperly promoting subordinates he was sleeping with, and paid many $10s of millions to leave.. and then hired by another defense contractor as their CEO - L3 - that has it's own wiki page internally making excuses for his behavior previously.. lol!)