According to reports, regulatory documents submitted on Monday showed that Intel shareholders rejected the executive compensation plan, including the CEO pat Gelsinger's salary of $178 million Intel said that at the company's annual general meeting, the executive compensation plan received about 1.78 billion votes against and 9.212 votes in favor. But this vote is not binding.
"We attach great importance to investors' feedback and are committed to working with them to address their concerns," Intel said in a statement
The company said it had taken some specific measures to address the issues raised by investors, including linking compensation to performance, but "more work needs to be done".
According to the regulatory documents submitted by Intel Kissinger, the salary of ordinary employees reached more than 1700 times in 2021.
In April, Intel expected its second quarter revenue and profit to be lower than Wall Street's expectations, mainly due to weak demand in its largest PC market and uncertainty in the supply chain.