Fire the board, the only hope

I am concerned this just isn't going to work. Let's be real. LBT doesn't have many years left. He doesn't have enough years left to turn around the company. He does have enough time left to run the top talent out of the building. His objectives so far are to end Andy Grove OKRs, give us yet another year of depression and massive layoffs and ruin WLB for everyone who is left.

We needed a 10 year CEO who could be the next great, not a 2-3 year guy with old fashioned ideas and from what he tells us - a lot of friends. Even Renee James would probably have been a better option. I thought Michelle would have been good with some public speaking lessons. She has a soul, is fiercely competitive, and has done great with Products.

It is fair to say that the BoD are not up to the task. They don't have the understanding or experience to hire the right CEO. I hope I am wrong, but the RTO mandate is shocking when it was the best tool we had to hire and retain top talent. I wish this forum was my peers and not a bunch of AMD employees and bitter people let go from ACT. 1 in 10 people here are from Intel, the rest are just sicko leaches feeding off our pain and hoping we fail.

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Never mind that he's 13 years younger than POTUS.

Hope... there's a solid plan forward. Are you serious?

We are not feeding off your pain we are just enjoying it immensely. Couldn't happen to a greater collection of arrogant a$$es.

I wonder OP vented the same way when Pat was the CEO. Pat is 64 and may not qualified your 10 year CEO criteria. Lisa Su took less than five years to turn AMD around. It is not the age it is the capability that matters.

Pat G is a show man, LBT is a strategist. The board with the right chairman is doing exactly what is needed for Intel turnaround.

He is in TSMC's pocket aka the Chinese govt. Don't ever in your life think he cares about America.

I lost respect for him when he named dropped and talked about old times and basketball.

You have to give him at least 15 minutes before you call for a new CEO

Others have said it and it might be the truth.

Consider that the Board hired LBT to prep the various parts of the company for sale.

He already reversed the plan to spin off Intel Capital, and the reason given was that he felt more value could be extracted from it as the various investments are taken to market (as opposed to selling it now).

I always suspected that IDM 2.0 was really about getting foundry up to the latest node so it could be spun off, and there appears to be little difference in strategy since LBT was brought on.

If by some chance he is able to make Products more competitive then it is possible that would remain as the Intel brand, but signing up for N2 at TSMC is another sign that the company doesn't want to be tied to IFS success.

See if over time this hypothesis proves out, or doesn't as the case may be.

"1 in 10 people here are from Intel, the rest are just sicko leaches feeding off our pain and hoping we fail."

True. I've noticed that too.

But great products? Isn't that at least have of the reason Intel is in the situation it finds itself in?

LBT is nothing but old school textbook management principles and a name dropper who makes sure we all know he works 7 days a week.

Thread regarding Intel Corp. layoffs

Fire the board, the only hope

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