Compensation Discussion and Analysis

The Compensation Committee of the Board of Directors determines the compensation for our executive officers. The committee considers, adopts, reviews, and revises executive officer compensation plans, programs, and guidelines, and reviews and determines all components of each executive officer's compensation. As discussed above under "Corporate Governance; Compensation Committee," Professor Brian Hall of the Harvard Business School serves as the committee's outside adviser. The committee also consults with management and Intel's Compensation and Benefits Group regarding both executive and non-executive employee compensation plans and programs, including administering our equity incentive plans.

This section of the proxy statement explains how our executive compensation programs are designed and operate with respect to Intel's listed officers (the CEO, CFO, and three other most highly compensated executive officers in a particular year):

Paul S. Otellini, President and CEO
Stacy J. Smith, Senior Vice President and CFO
Andy D. Bryant, Executive Vice President, Technology, Manufacturing, and Enterprise Services, and Chief Administrative Officer
Sean M. Maloney, Executive Vice President and General Manager, Intel Architecture Group
David Perlmutter, Executive Vice President and General Manager, Intel Architecture Group

The "Executive Compensation" section presents compensation earned by the listed officers in 2009, 2008, and 2007.