Intel’s new CEO Lip-Bu Tan gets pay package valued at about $69 million

Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan, who was named to the position this week, will receive compensation valued at about $69 million if he reaches targets over the coming years.

The package includes a salary of $1 million, plus a 200 per cent performance-based bonus, the chipmaker said in a filing Friday. It also includes $66 million in long-term equity awards and stock options and new-hire incentives.