Intel CEO Bob Swan to step down within weeks - gets replaced by Pat Gelsinger
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D1stRU3T0R
oh shiet AMD 2 is happening?
CRUBINO
Conroe 2 the sequel 😀:D
nevcairiel
A tech guy as CEO? Seems like Intel is learning.
Undying
Change is good.
Valken
I see Intel stock coming around end of the year if they can get it going. HE thought he could just sit there, vested into 14 nm for 100 years too long and could outlive the pace progress...
Thank Jebus for AMD, Apple and ARM for bringing the sledgehammers to the House of Intel.
Good news all around.
Loobyluggs
Hey, does anyone think that when the sword of damocles came down on his head, someone said 'Swan! DUCK'.
Need more coffee...
Astyanax
Blaming Swan because intel had a structural failure that required hiring Jim Keller to straighten out is pretty damn ignorant.
He is not to blame for intel losing ground, but he definitely took the initiatives to steamline and unscrew the choke points as mentioned in the chinese leaks last year by hiring someone who knows how.
a lot of the problem was the factory manager that banged his secretary was entirely out of his depth when it came to the leadership needed to keep the teams operating coherently, shame nothing appears to be getting done about Brians insider trading when he dumped his shares right as meltdown/spectre were disclosed
Fender178
Loobyluggs
Astyanax
that the layoffs last year included employee's that resisted the break down of the cliques and egotistical practices that put the company where they are right now though,
The position that Bob Swan was in was in a few ways no different to the money leaking mess that AMD found themselves in post Hecter Ruiz,
Dirk Meyer cops a lot of shit for the storm he had to navigate to plug up AMD's decline, and I do personally hold him responsible for how the CPU division were underfunded for the BD era, but it was necessary to save the company.
With the amount of employee's that make up intel, investigations that lead to shuffling, firing and demotion can take upwards of a year in order to not meet internal resistance and so that the real bludgers in the organisation don't throw their productive coworkers under the bus to protect themselves.
You aren't and never have been part of a corporate organisation at this level, you have never been in a position to try and induce change at a change resistant company full of ego's and cliques, so you cannot comment from a position of knowing what he did and didn't do.
I can tell you with a deal of certainty though, Loobyluggs
Fender178
Clouseau
The head person is always shouldering the responsibility. CEOs sign a contract that have clear objectives on what it will take in order to continue on to a new contract period. If those objectives are not met, the board will either seek a replacement or keep them on. Plain and simple. Everything in-between is all politics and bullshite. The captain always goes down with the ship; no escaping it.
Astyanax
Clouseau
Label it however you want. The point is these guys know that is always a possibility. The board kicking the CEO to the street can be for a myriad of reasons. Nature of the beast. Obviously they did not like the perceived shape the organization is in...so he is out. Companies can only be changed from the top down and management never cuts its own throat.
Loobyluggs
Raserian
Loobyluggs
Raserian
Loobyluggs