Watch to see his first actions. If he does all of most of the following, it will be an indicator that he has correctly diagnosed the issues and it will be a good sign:
- Fire a chunk of ELT. Including Dave, Christy, Saf, MJ, Christoph.
- Announce a plan to fire 10 % of middle managers to streamline levels of management
- Reduce VP ranks from ~600 to ~300
- Promote some worthy folks from lower ranks to replace the fired VPs.
- Engineer half of the BoD out and vote in new Directors.
- Announce a plan to drastically cut orgs like CSO, Finance, Legal, HR, Comms, supply chain and other support functions.
- Accelerate sale of Altera and sell of stake in Mobileye
- Announce a huge write-down of the stupidly wasteful CapEx spent by Pat. Ohio, Germany should be ZBBd and the land sold off.
- Work towards a goal of achieving 70-80k headcount by end of year.
- Hire a competent Product CEO (to replace dummy MJ) and hire a competent Foundry CEO.