https://finance.yahoo.com/news/exclusive-intels-ceo-shortlist-candidates-142016335.html
6 replies (most recent on top)
The CEO doesn't have to be Mr Tan, but he has expressed a vision of what the company can do to actually solve the mess it has created.
That is more Andy Grove than a strategy which relies on spending more money to make the company even larger, when one of the key issues is an inability to manage the existing size of the company.
When Lip-Bu Tan joined Cadence as CEO back in 2009, it was $2.50 per share. He boosted it up to $190 when he resigned gloriously several years ago.
As a Cadence employee, I am pretty much sure that he can make real changes for Intel.
I'm pretty sure Tan himself planted this story to Reuters, and has been behind their other 'leaks' about layoffs, Qualcomm talks etc. to ultimately cause Pat's downfall. Not the type of guy I'd want as a CEO, we had enough politics already.
The company has in the past taken too long to do the right thing, but if the problem persists then eventually something similar to the right thing gets done.
I fully expect a breakup of Products and Foundry, then potentially the sale of some product divisions and maybe some fabs as well.
The only viable solution is for the company to get a lot smaller, to eliminate the layers of management needed to be competitive again.
There is value to be unlocked along the way, in facilities, patents and design capabilities.
Probably see at least 20% more headcount reduction to get closer to what is economically feasible, and many, many (many) managers will be terminated.
The next CEO would not be good to the slow employees. He is going to do what Elon Musk did to Twitter. That's the only way or go BK (bankrupt, not that BK)
Most likely picked the name from here since you lot have been fellating him for a while.