Letter: Intel corporate bailout

Published: 08-06-2024 2:47 PM

Intel has decided to cut 15,000 jobs. The plants in the U.S. that are under construction are being delayed. The U.S. taxpayer gave Intel a check for $8.5 billion. Yep, we have been conned once again by corporate CEOs and their promises of bringing more jobs. Intel CEO earned $170 million in 2021. Since Intel is breaking its commitment, just return the $8.5 billion to the taxpayers of the U.S., and figure out how to run your company with your own money. That is the way small companies do it without getting handouts.

These modern CEOs are nothing more the thieves in white shirts. Time to end their scheming, cut their salaries, and actually make them responsible to their employees. Making $170 million in one year should mean you never have to be paid ever again for as long as you are a CEO of that company. The false narrative of oh, it’s gonna be tough, and 15,000 of you will have to sacrifice for the greater good. That is gaslighting at its best, and is what CEOs do best.

Paul Pelchat

Thornton

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