Intel’s entire board needs a complete overhaul. There’s barely any relevant, successful technical expertise in semiconductors among them. They’ve got a guy from Boeing and someone with an M&A finance background—seriously? How are they supposed to understand or evaluate what Intel truly needs?
10 replies (most recent on top)
Boeing go boing!
The problem any large corporation has when it has become unmanageable is that the C-suite compensation is based on the size of the company.
They are incentivized to always make the company larger. That's why the Board was all for Pat adding Fabs and spending money like a drunken sailor.
But what Intel needs is to get much smaller and less diverse. Few in upper management want that, because they would have to take a pay cut or maybe be laid off.
You're witnessing the slow death of a large corporation. You can't do a U-turn after a head-on crash.
The Board composition reflects the company as a whole, stuffed with useless feeders who mostly are just using personal salesmanship to climb the career ladder.
The only viable way to make Intel be a real tech company again is to disassemble it, and sell it off for parts till what is left is small, lean, and retains core capabilities.
All the useless feeders can go su-k the life out of some other company.
Krzanich wasn't an engineer. BS in chemistry from San Jose State.
Not sure how a company can fire the whole BOD? I doubt they'd all vote to fire themselves.
Yes you see it’s engineers that know how to lead companies. Not “bean counters”.
That is exactly why Intel thrived under BK and Pat.
They had Lip-Bu Tan but they don't know how to listen so he left.
There was one but just quit?
Hire incompetent MBA beancounters and fire skilled engineers. Has been their policy all along. And meanwhile, ELT goes on a cruise party all around the world. Shitel stonk to the moon!!