Intel chief executive Brian Krzanich made $11.2 million in total compensation in 2014, according to Intel’s proxy statement released today.
Krzanich received $1 million in base salary, $3.2 million in an incentive cash payment, and $6.9 million in stock. That compares to $9.5 million in total compensation in 2013 and $15.8 million in 2012.
During 2014, Intel generated $55.9 billion in revenue, up 6 percent from $52.7 billion a year earlier. Its net income was $11.7 billion, up 22 percent from $9.6 billion in 2013. But the PC chip giant still faces challenges in breaking into smartphone and tablet chips to compete with rival Qualcomm. Intel’s market capitalization was $161.5 billion on March 3. That made it far less valuable as a company than Apple ($753 billion), but only slightly less than Amazon at $178 billion.
Krzanich has turned out to be a much more visible CEO for Intel than predecessor Paul Otellini. Krzanich has given talks at the Consumer Electronics Show two years in a row, and he even hosted a wearable tech fashion show in San Francisco. At the most recent CES, Krzanich announced that Intel would invest $300 million in diversity programs in an attempt to raise the number of women and minorities working in the tech industry and games.
Next month, he’ll host an event in honor of the 50th anniversary of Moore’s Law, which was conceived by Intel chairman emeritus Gordon Moore. Moore’s Law holds that the number of components on a chip doubles every two years. That law has held true, and it has become synonymous with technological advancement in the modern era.