Intel Won't Give Up the Options Habit

When it comes to corporate pay, options are clearly where the money is. In 2002, Intel (INTC Quote) CEO Craig Barrett cashed in $17.57 million worth of options, a sum far outstripping his regular paycheck, and received a hefty grant of more than a half-million new options.

Indeed, payouts of this magnitude are exactly why one shareowner of the stock is pushing a proposal to make Intel expense options. In its latest proxy filing to the Securities and Exchange Commission outlining executive compensation, Intel said shareholders will vote on the measure at its annual meeting on May 21. ...