Intel's Otellini nabs $22m in moonlighting fees

SOME NUMBER CRUNCHERS with too much time on their hands have calculated that Chipzilla's Paul Otellini gets paid almost $500,000... every time he attends a Google board meeting.

The calculations get a bit complex, but here's the gist. Back in 2004, Messrs Page and Brin invited the Chief 'Zilla to sit on the Google board, pre-IPO. Otellini was given the chance to buy up a bunch of Google stock at $38 a pop.

Fast forward three years, and Otellini has sold off over 45,000 of the 65,000 shares he initially purchased - for an average selling price of around $500 each - netting him over $22.3m.

Given that he has attended no more than 48 meetings at Google in those three years, that works out at around $464,000 per meeting.

Cripes, who wouldn't fancy a piece of that?

Incidentally, Otellini has made in three years roughly one-fifth of what he has made at Intel in share options over the past 16 years. If he sells the remainder of his shares next year, it's entirely plausible that he could net himself another $16m or so.

That would confirm Google's status as simply the best place to have owned early stock possibly ever - Google's market cap now sits at $210bn, compared to Intel's paltry $146bn.

You can find the full analysis over at Mercury News here. µ