When will Pat announce his reorg?
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@bclz+1a9aKLJ3, you should listen to his employee communications. I am sure you can find them. Either during the all hands last dec or q1 QGS, when asked what strategies he recommends to Intel, he said stock is cheap, buying our stock.
You decide whether he has good strategies or not. But I guess Bob needed someone who echoed him. He was spending huge sums on stock buy backs and dividends while reducing expenses, cutting investments and employees. We didn’t need another highly paid person to tell us stock buyback is a good strategy, we had 3 CFOs running intel, Andy as chairman, Bob CEO and George.
Intel deserves BETTER! Vote the board out
The timing of the Bloomberg article could be the new CEO and the 20 billions investment, though bashing BK only with the specific anecdotes sounded vendetta.
Yes, AE is still trying to milk intel. Have you seen the Bloomberg article. It has a very favorably biased view of Aicha. Everyone at intel knows she was totally clueless. She wouldn’t have reached to the level from a validation engineer position in a short time had it not for BK’s diversity, check in the box efforts.
She was fired from her position and placed in a no job strategy position, supposedly so that she didn’t need to lose intel relo SV accommodation. We all know even in the strategy position, she was able to show how foolish she was by doing carpool conversations with executives. They were horrible. Even our lowest level employees have more sense and know more about strategy than she did.
It is not by who but rather why the Bloomberg article was planted now and mentions specifically her. Her iCDG days were a long time ago. Last year was 2016. BK and she left a while ago...why now. Why such a favorable view of a person known to be totally incompetent.
So, strategy office needs reorg-ed?
The new CSO was introduced by his good friend, the old CSO. You know, the one that got the CSO position after royally screwing up iCDG and where BK said "has no ba–s", but paid a ransom for that person to stay for diversity optics. He will spend most of his time in his home in DC anyway. I doubt he will relocate to Santa Clara once Covid is "over."
Once the Chief Strategy Guru position gets filled by a particular MBB flavor, I've seen the "Strategy" office of old tech dinosaurs get taken over by that flavor's lieutenants. An HBS friend of mine spent the majority of his career in one of the MBBs. Once his boss got a CSO position, hired by the CEO of one of the tech dinosaurs, he got an opportunity to become a "Director of Strategy" at that dinosaur (not Intel but as famous as Intel). Now VP. Nice job if you can get it. Too bad most of the MBAs that Intel sent through their ALP program couldn't even get into MBB.
Does it matter where the CSO is from? The question is if he has come up with sound strategies.
What do you guys think about the Chief strategy guy? I.e. Bob swan hire. He has no relevant background. Like Bob. Why did we hire a McKinsey consultant from DC when we have been paying Bain consultants. Why is he hiring more McKinsey consultants...we Had Silicon Valley based Bain partners working for intel since 2006. Makes no sense. Then we have constant layoffs. Guess what. We have this guy and his McKinsey hires and we are still paying Bain. Smart, only intel bozos can make these types of decisions and board approves....
Why do you hire McKinsey consultants when you pay Bain since 2006. I know it is a diversity check in the box.
Since 2015, intel has been cutting jobs in the US. Now, hearing gov subsidies, intel management has a new tune. Intel a US asset, I don’t want this company to get US tax payers money. There is no need for it, intel has been buyingback stock, paying dividends. It can afford fabs. It has zero interest in US workers.
Yes, reorg can lead to layoff due to duplicate resources or unneeded (e.g., some small projects cancelled).
You cannot simultaneously believe that Pat will turn Intel around and there will be no reorg. Without a reorg the same dysfunctional structure will remain.
Layoffs likely unless you think Intel's workforce is perfectly balanced as is.
Don't be naive. Reorgs and layoffs are coming May 17
What kind of reorg could happen, reshuffling executives, merging groups, creating new groups, or elevating groups?
Intel to acquire nVidia? From financial standpoint - opposite is more likely to happen...
When you have a new boss or your boss has a new business goal, reorg is part of the action. Whether or not the reorg works, it is a different story.
I disagreed
reorg is needed to reshuffle and improve
usually, get rid of untrusted and replaced with someone who is aligned and get things done
A reorg is a sign of a bad leader.
It’s like what Einstein said - “Doing the same thing over and over and expecting a different result”.
I don't see Intel will be approved to acquire NVIDIA since ARM deals is on-going
it will be anti-trust
but in theory Intel could get funding to acquire a business as big as NVIDIA, if there is a good candidate
You do realize NVIDIA is worth more than Intel right
Get rid of the GPU dumpster fire.. the only way intel will beat NVIDIA is to buy them and ruin them like intel does all their purchases.
Which orgs will get layoffs first? IT at the top of the list for sure!
Are the existing orgs not good enough for him?