Pat was hired as CEO Feb of 2021. In that time the stock price has gone from $60-$29 when Intel’s competitors can’t stop printing money. I guess I’m just confused why he hasn’t been canned? 3 years of failures when Intel sells products integral to the AI bo-m? He talks about headwinds but it doesn’t seem like Intel’s competitors had much trouble. What am I missing?
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The oldest in the company is designing plan for other young people to retire. Who define the retiring plan for the management layer? They are 80-90 rules already.
Often hear complaints about diversity hires ruining companies, but when a white male CEO loses billions, it’s deemed acceptable.
“Corporate boards are just yet another area where the elites can give more money and benefits to their elitist friends.”
If you guys just figured it out now that took a while.
@OP - noone has seen leadership like this
$23 when wake up tomorrow.
To be fair, a lot of the changes Pat wanted to make were to invest in regaining technology leadership. Intel could have made a lot more money in the pandemic if the previous CEO had prepared for it. But adding more capacity takes 4+ years to come online. A lot of the stuff like AZ D1X upgrades and Ohio haven't had a chance to pay off yet.
If they turn out to be a good investment when that happens has yet to be determined.
And if I as an IC don't contribute for 6 months I am having daily 1 on 1s with my manager and will get canned. But this guy ruined the entire company and lost billions and now 50B in debt and is laying off folks to save 10B. But still no paycut . Forget about stepping down. Dammmm
You mean $23 AH?