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Reuters

Intel shareholders reject compensation packages for top executives

About 1.78 billion votes were cast against executive compensation at the annual meeting, Intel said, though the vote is non-binding. “We take our investors’ feedback very seriously, and we are committed to engaging with them and addressing their concerns,” Intel said in a statement. Intel forecast its second-quarter revenue and profit below Wall Street expectations in April, citing weak demand in its largest market, PCs, and increased supply-chain uncertainty due to fresh COVID-19 lockdowns in China.

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