In today's email to employees BS said Intel will continue to sell more business. I think he is buying time for himself. Wonder which businesses will be on the chopping block? This is a clear sign of Intel in trouble and trying to save the ship from sinking but its tooooooo late.
6 replies (most recent on top)
What absolute rubbish. The letter said no such thing. Not that a lot of the people posting here care what the truth is.
So its Bob Swan thanks him acting like mr. nice guy. Its hard to trust him by the look at his face look at his salary way way higher than anyone who live under his shoes at Intel. I suggest their Engineers rethink their leader is bean counter
Dear Intel employees,
I will be closing down more Intel businesses because I screwed up and still got paid $100M in bonuses. Sorry to let you know that you be loosing your job because of my screw ups.
Best
BS
I don't know why anyone thinks Bob Swan is "nice." He's as big as a dooshbag as BK, the wife cheater, insider trader. Bob used Intel more as an ATM than BK, pumping the stock with more buyback money to inflate his stock comp. The guy got paid $99M including stock comp, bonuses in 2019. In a good year BK got paid less than half that.
Now Bob is selling off businesses and conducting stealth layoffs that don't trigger any big news alerts or Cali's WARN to continue his pump and dump strategy.
What in the world. Does he get a kick out of people panicking or what. That's the only angle I see in this "oh I'll let everyone wonder who is gonna be next" sort of messaging.
someone have a copy of the letter/email?