Intel Staffers Get Huge Bonuses after Record Year

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[citation][nom]dogman_1234[/nom]Why don't they lower CPU prices to aid the consumer?Really, IMHO, if I were an engineer, I would be happy with my 60,000 dollars a year salary.[/citation]

Seriously? You think the top engineers @ Intel make only $60k? LOL
 


You must be an MBA.
 
New hires with a freshly minted BS in engineering (assuming you can find a job opening that only requires a BS) start at ~60k. MS grads start at ~70k and PhD grads start at ~90k.
Click to expand...

I'm part owner of an engineering company. We hire BS grads at $50k. In today's economy any engineer is lucky to have a job. We have a lot of applications from people that are laid off, we could probably hire engineers with lots of experience for $50k. This year I may not even make $50k.

I'm sure that lots of the people at Intel making big bucks are not even engineers. They probably have lots of technicians that make as much or more than the engineers- the engineers are probably paid a salary and no overtime, the technicians get 1.5 times their pay for overtime hours.

Intel is doing well to have record profits in this economy.
 
[citation][nom]x4dm[/nom]New hires with a freshly minted BS in engineering (assuming you can find a job opening that only requires a BS) start at ~60k. MS grads start at ~70k and PhD grads start at ~90k.Still thinking about majoring in communications or psychology now?[/citation]
anything under $600,000 a year is way to low for me. neurosurgery looks promising but that would mean i would be 34 after residency :~( the food industry looks promising though.
 
[citation][nom]deathbydoubleG[/nom]anything under $600,000 a year is way to low for me. neurosurgery looks promising but that would mean i would be 34 after residency :~( the food industry looks promising though.[/citation]
Even if you think you will get $600k (more like $400-500k assuming you work only 12 hours a day), you aren't taking into account malpractice insurance (~300k a year for new neurosurgeons with little/no track record), student loan debt and all that interest that accrued on the inital balance during your residency, you are looking at a salary around $150k a year after expenses at age 34, maybe a little more than a PhD engineer with 10 years of experience makes.

It all depends on your willingness to give away 10 years of your life. (Also check out the bio-med industry, no malpractice required in most cases, but the hours can be better for equivalent after expense pay)
 
[citation][nom]dogman_1234[/nom]Why don't they lower CPU prices to aid the consumer?Really, IMHO, if I were an engineer, I would be happy with my 60,000 dollars a year salary.[/citation]
haha, 60k as an engineer? No, you would not be happy with just that. I wouldn't have even looked at Intel for 60k back when I was a newbie engy, iirc I think they tend to hire fresh meat for around 65-80k depending on the value of your b.s. degree/gpa/experience. Also, Intel tends to be in places with higher costs of living, as an experienced engineer I wouldn't even look at Intel if they offered anything less than 130-150k just to maintain my current standard of living in the midwest.

And as far as not giving out a bonus in order to lower cost... for the volumes intel sells, I doubt you'd even see a significant decrease in processor cost if they put 100% of that bonus money towards a price decrease. Secondly, those of us with intellectual/specialized value to a company expect bonuses when the company does well or we go elsewhere, because we can. My company did very well this year and we ended up with a month and a half's pay for a bonus, so the 17 day bonus mentioned in the image is hardly unreasonable. Finally, I just bought a new i7 2600 for 249, it's hardly like they're gouging us, to me, that's a very reasonable price.
 
Yeh, I'm getting laid off next Friday!
Why it is not in the news? I should Tweet it instead and get more coverage than J.Bieber.


 

i know but with the patience it would take to become a neurosurgeon, one could easily wait a few years to fall into the good money. my dad is a family doctor and his pay is high, much higher than most surgeons, but he works a lot.

edit- anyway 600,000k would be more of a leisure pay, 2mil is in the range of most very hard working neurosurgeons... anyway you get paid while in residency. 50k in first year residency for neurosurgeon.

and you could also say "trust me, I'm a doctor" :)


taxes, by then, and possible socialized medicine could cut that pay check down to the ground
 
[citation][nom]ProDigit10[/nom]all the while they could have used that money (which they saved) to hire people!This society is sick!Rich people get even more, and poor people with talents are not been given the chance!Ok, so the rich guy will buy a new car, and a pool for his $100m home; while the poor won't be able to finance the loan on their $0.5m home![/citation]
Poor and $500,000 home do not go in the same sentence.
 
[citation][nom]dogman_1234[/nom]Why don't they lower CPU prices to aid the consumer?Really, IMHO, if I were an engineer, I would be happy with my 60,000 dollars a year salary.[/citation]
Lowering CPU prices further doesn't sound like a solution to another record breaking quarter.
 
good for them and peopel its bonuses from profit they earned... money came from consumers already its not being passed on to consumers.. and Sb is VERY reasonably priced imo
 
[citation][nom]dogman_1234[/nom]Why don't they lower CPU prices to aid the consumer?Really, IMHO, if I were an engineer, I would be happy with my 60,000 dollars a year salary.[/citation]
I'm not an engineer but I make more than that! That isn't jack sh*t for an engineer. During the week I work as a Computer Hardware Analyst and on the weekends I work on a help desk. (Total Salary: $79,300) (That doesn't include benefits or bonuses of any kind.)
 
[citation][nom]dogman_1234[/nom]Why don't they lower CPU prices to aid the consumer?Really, IMHO, if I were an engineer, I would be happy with my 60,000 dollars a year salary.[/citation]

You would go through 4 years undergrad, 2 years grad in computer engineering, finish at the top of your class and sacrifice years of additional work and research so that you would gladly get 60K a year? What are you 14, 15? We're not talking about funny costumes and janitors. This is Intel and they demand the top talent which is weeded out through very fierce competition. I'm not a fanboy, just saying...that was a dumb statement.

It's nice of Intel to share the wealth. They need to retain their high-performing employees, and they are hard to come by. I hope incentive compensation becomes more standard accross all engineering fields. Having a bonus hanging over your head really makes you step up your game. That translates to greater productivity, better and cheaper technology, and better products.
 
I have been an AMD supporter for the past 12 years because I believe competition is good for us the consumers. So I have always built my systems with AMD processors until this week when I caved in and bought an i7-950 so I could dual boot windows 7 and OS X without having to give any money to Apple.
 
Its cheap moves like axing half there staff at their Lexlip processor plant in Dublin and moving it Poland for cheap labour that lets them profit like this. jackasses!
 
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