Intel CEO earned 1,711 times more than average company worker in 2021

In just 11 months since joining Intel Corp in February last year, Chief Executive Officer Pat Gelsinger made 1,711 times more than the typical worker at the U.S. chipmaker, according to a regulatory filing released on Wednesday.

In 2021, Gelsinger was paid $178.6 million, with stock awards accounting for nearly 79 percent of his total compensation, which was nearly 698 percent more than Swan’s pay in 2020.

Intel unveiled the first outlines of a $88 billion investment plan spanning six European Union countries, including a significant investment in Germany, earlier this month. Before returning to Intel as its CEO, Gelsinger was the CEO of VMWare Inc. Before leaving Intel, he had worked there for 30 years.