Frank D Yeary, James Goetz, Omar Ishrak, Alyssa Henry, Tsu-Jae King Liu, Risa Lavizzo-Mourey and Gregory D Smith. These BoDs have been around since 5-10 years. IMO, they have MASSIVELY FAILED their duties - more than any recent CEO. These folks should be held more accountable! Just take a few minutes to check their official responsibilities:
https://www.intc.com/board-and-governance
It literally says in bold:
"The Board oversees, counsels, and directs management in the long-term interests of the company and our stockholders"
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You do not need to be black or dont have a di-k to be d-mb exhibit a - ELT
Don’t forget Omar İshrak wrote a tweet congratulating Raja Koduri’s promotion to EVP. His assessment well deserved.
Everyone at Intel, at his prior company AMD and the Graphics industry knows Raja is a total bullsh-tter. At Intel, in his tenure, even with massive investment and support, the only thing he delivered was a cheap marcom stuff and power point roadmaps. He is a fraud. He was fired by AMD, he has really bad reputation. Also board members should not send such subjective tweets about CEO’s subordinates. And it shows how bad and wrong his judgment was.
This guy, Omar is still a member of intel’s board of director. Shame.
Isn't this the good ol' boy's network? Some of whom weren't really qualified for their positions? With all the DEI trolls on this website, these men were hired, promoted and enabled to build their careers despite their lack of experience for key areas. Their reputations didn't seem to be a hindrance. But DEI critics are incredibly quick to judge and rage when a woman and/or a person of color has a great reputation, experience and is offered the opportunity to grow their career. Herein lies the contradiction.
why is no one blaming brian for the loss
With a string of failed CEO's, no succession plan, and the negative stock returns for the past decades, isn't there some sort of corrective action plan that you can give to the board? Or are they exempt from their results?
How much do the get paid ?
The board members repeatedly failed to fulfill their responsibilities. Intel needs competent board of directors.
The board is a broad mystery.
Frank Yeary - Director at Intel since 2009. He was Global Head of M&A of Citigroup Inc. He was employed at Citigroup Inc. until July 2008. He was Director of eBay Inc. from January 2015 to 2015. He is director at Paypal since 2015.
Intel hired Bain as a consulting company in 2006/07 to help with SET (workforce reduction similar to ACT and the current one). Bain stayed on at Intel for SET on a annual consulting contract, Bain employees were like intel employees, wore Intel badges. John Donahoe (ex Bain CEO) was Ebay's CEO until 2015. Bob Swan was ebay's CFO working for Donahoe until 2015.
Frank Yeary was an ebay director and is a paypal director. Bob Swan is a paypal director.
Bob Swan joined Intel as CFO in 2016 and was appointed CEO in 2019.Why did Intel hire CFO of ebay (formely webvan etc, unrelated to its business) as our CFO. He had zero semi CFO expertise. On top of it he became Intel's CEO.
John Donahoe was Intel's director from 2009 to 2015.
Basically this is all Bain helping hire their friends. Intel's shareholders should not let Frank or other BOD clowns to select the new CEO. The names are floating around, Tan, Murphy - what are they thinking??? Yes, Pat was not good but come on CEO of Cadence or Marvell. niche small players. if you ask Marvell people, Murphy wasn't even a good choice for Marvell. Came from Matrix. What is Cadence - a small design tools company. These are the alternatives??
Thanks to the BOD, Intel had 3 CEOs AND 4 CFOS in 9 years. This shows BOD is the problem. Fire them! Especially these unqualified Bain friends.'
By the way, John Donahoe managed to ruin another great american company. He recently got fired from NIKE after running Nike to the ground.
I have voted against these directors whenever the proxy vote came up.
They should all be drummed out of industry never to land another job again
Ironically Tsu-jae has the semiconductor R&D experience as one of the co-inventors of FinFET and Dean of Berkeley Engineering. Her co-inventor, Chenming Hu was CTO of TSMC for awhile when he took a sabbatical from Berkeley. Unfortunately, as an academic she doesn't have the sharp elbows to exert political power. Also none of their Berkeley doctoral students would be caught dead working at Intel.
The center of power on the BoD was Ishrak and Yeary.
How are they selected into BoD? Do they have semiconductor industry background?
"planning for CEO succession and monitoring management’s succession planning for other senior executives". The board should quit just for failing this responsibility this week.