This is an encouraging move. My secondhand understanding was that Intel was losing top talent due to pressure to pay closer to median industry compensation. Top engineers recognized they were underpaid and left the company. I've been part of a similar downhill slide at a smaller company in the billion dollar revenue range. To be blunt, once the [mediocre] MBAs start realizing that the engineers are getting paid more…
Anyone remembers Blackberry?
That's pretty much what killed them. Going there typically meant you weren't good enough to get a callback from Apple.