So, I guess we get to hope whoever the new CEO is, he or she is paid at least as much as their peers unless we want to see layoffs.
CEOs paid less than peers more likely to engage in layoffs, research finds
https://eurekalert.org/pub_releases/2018-08/bu-cpl082018.php
Probably to prop up share price to increase the equity side of pay. Fire your way to a raise.
OP doesn‘t know how to tell the difference between cause and effect.
I wonder if the CEO is influenced by the below average pay? Alternatively, maybe the below average pay reflects a below average CEO that simply does not know how to run the company, hence the CEO cuts people...? Anyway, what happens with Intel will certainly be fun to watch.