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Intel CEO’s pay drops 40% to $9.6 million for 2013

Intel Corp.’s Brian Krzanich, a 32-year veteran of the chipmaker who was elevated to chief executive officer last May, saw his compensation last year drop 40 percent from 2012, when he received a large stock award.

Krzanich was paid a total of $9.6 million last year, including $887,500 in salary, $6.58 million in stock and option awards and $1.87 million in non-equity incentive compensation, the company said today in a filing. In 2012, when he was chief operating officer, Krzanich was given a total of $15.9 million, including $13.2 million in stock and options.