Intel's Ex-CEO and CFO Face Shareholder Lawsuit Over Compensation

Former Intel CEO Pat Gelsinger and current CFO and co-interim CEO David Zinsner are facing a shareholder derivative lawsuit alleging they misled shareholders about the financial performance of Intel's foundry unit. The suit claims breaches of fiduciary and contractual duties, seeking the return of all profits, benefits, and compensation. This follows Gelsinger's failed turnaround plan and Intel's record quarterly loss, with the foundry business identified as a major source of losses. The lawsuit highlights Intel's challenges in regaining shareholder trust and rebuilding its image.