Proxy Watch: Texas Instruments CEO Returns to Helm With $17M Pay Package

Rich Templeton's retirement plan lasted a short six weeks.The longtime Texas Instruments CEO had to return to the helm of the global semiconductor chipmaker in mid-2018 when his successor, Brian Crutcher, abruptly resigned for violating the company's code of conduct.The Dallas Morning News reported at the time that Crutcher departed without the sizeable exit package typically awarded to CEOs. He was forced to leave stock options and grants worth about $36 million on the table.Crutcher was paid $726,540 for 2018, according to the Dallas-based company's annual proxy filing with the U.S. Securities and Exchange Commission. To bring Templeton back as CEO and president, TI put together a pay package worth $17,576,224 for 2018, according to its proxy filing. Templeton, who served as CEO for 14 years, also has been the company's chairman since 2008.  Continue reading...

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