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Intel Execs Take a Pay Cut: CEO Gelsinger to Reduce Base Pay by 25%

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CEO Pat Gelsinger and mid-level managers will be impacted, with Gelsinger seeing his base salary slashed by a quarter, or roughly $312,000 of his $1.25 This comes in the wake of Intel spending $489 million in 2022 to match employee contributions to qualified retirement plans, according to their annual report. “As

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Why You Should Start Your Own Business Today

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Since joining the company eight years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. According to the Bureau of Labor Statistics , the number of “job losers and persons who completed temporary jobs” remained at about 2,800 in March, April and May 2022.

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Lessons From Past Recessions

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As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)? Beef up your emergency fund.

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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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Shaq Insists He’s Not a Celebrity

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He was on the set of Inside the NBA, where he’s been an analyst since 2011, the year he retired from his playing career. He thanked his mother, who raised him on a secretary’s salary when his biological father left them. He bought Google stock on the first offering, when the company was valued at $100 million.

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Do Women Need to Save More When Planning for Retirement?

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While the gap shifts based on age, race and other factors, the harsh truth is, when planning for retirement, most women have to work harder to save the same amount as men. While we work on changing this reality for our daughters, women can also take steps now to ensure they’re ready for whatever comes their way in retirement.

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4 Ways To Financially Support Your Employees (Other Than Raises)

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Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. As companies continue struggling with turnover and absurdly high quit rates , the businesses that are willing to go the extra mile for their employees will experience better retention.