Having worked at his previous employer, now following this latest train wreck, I’m curious what do Boards see in him? Is it tied to his religious evangelism? Is he a world class BSer? I’m befuddled whenever an Exec with a failed track record is so richly rewarded. I always felt he should be hidden away in an Engineering lab and out of site
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Pat is from a design background (processor architect ) .
However his strategy was to make INTEL a foundry manufacturing leader which he had no experience in. As a CEO he could have brought in the real experts from TSMC but he hired folks who clearly lacked experience and was closer to him in skillset. The folks from GF which he hired came mostly from IBM ( NOT a foundry) , they were just merely absorbed into GF when IBM sold their facilities. They had the label but not the actual foundry experience.
That's the whole issue in a nutshell.
obviously technical
He is like the upper management at most companies, working hard every day to climb the ladder and get paid more.
It's personal salesmanship and when companies are lucky there is some actual strategy and tactics contributed as well, but often it is just striving to get more.
The company needed to get relevant again on technology and the products needed to shift to TSMC for the same reason.
He and the Board thought doing both would bring back what once was, but underlying all this is x86, a 40 year old architecture that is rapidly losing to ARM.
So both he and the Board were delusional about what could be done.
They then went completely off the rails in thinking that Foundry needed to be 2x bigger to get customers.
They could have instead focused on dedicating one existing fab to external customers and figure out how to build that business.
In the process costs went completely pear-shaped, fitting since most of the excess was spent by the pear-shaped Ann Kelleher.
He's a poacher. I'm similar, but an individual contributor, with little impact on you and your family's life. How he rose through the ranks? I have no idea. Perhaps psychosis
He's good at growing his bank acct. Which is probably his main goal.
Gelsinger probably just lacks whatever Huang, Cook, Zuckerberg, etc. have
The skill / strength he learned this week is how to grab a bunch of cash on the way out the door.
He’s shameless. No moral compass. Perhaps psychotic