source: https://gagadget.com/en/547289-media-apple-vp-johny-srouji-has-received-an-offer-from-intel-to-lead-the-company/
Johny Srouji (Arabic: جوني سروجي; Hebrew: ג'וני סרוג'י; born 1964) is an Arab Israeli executive, currently Apple's senior vice president of Hardware Technologies. (From wikipedia)
Getting a CEO with a lot of product and market experience might help the company reach smarter decisions than has been the case since..say the early 1980s.
As an alternative, a Magic 8 Ball as CEO would cost less and still be better than the existing track record.
Foundry is going to be spun off regardless. It is more a question of how much of it is still owned by Intel. A Foundry tracking stock might be an option, to help realize value.
Pat resisted spinning out Foundry and that was a fail, but he did set it up to be split off and that was a solid win. Reporting Foundry results separate from Products brought immediate cost pressure to what had previously been a loss leader for the Product groups.
It takes time to straighten out all the gross misincentives which were part of the Foundry culture, but that is happening and it will get better over time.
Product groups have also been the beneficiary of the market forces unleashed by the new reporting structure, and that will drive down headcount and should sharpen product decisions going forward.
Intel can become far more profitable even if x86 is on a long slide to obscurity. Pat set that in motion and deserves a lot of credit for so fundamentally changing the company culture around cost. It should have been done decades ago, much to Intel shareholders deep chagrin.
i see no reason why Johny Srouji would walk away from apple to try to put out intel's dumpster fire.
clean up the board first
Comment from semiwiki:
He spent half of his career at Intel and was part of the Apple team that signed the original TSMC deal. My guess is that it would be a net positive for TSMC and yes Intel will probably be fabless.
He can name his price. Intel is desperate. PG's salary will look like chump change compared to Johny's.
I hope not - this is not the ceo you are looking for …
So, Intel is so desperate that they're trying to poach Apple executives now? I am sure Johny Srouji got a pretty good laugh out of it, but prolly not going to happen.
On receiving the offer, John flew to North Korea requesting asylum!
Hmm, will Johny ship most of the Intel work to a third world country for its lax regulations and cheap labor then spend a boatload of money on propaganda.
Is Apple on the up trajectory? It seems to be a compromise to start with.
I saw this comment thought it was funny...
I can only imagine what the pitch must be. "We know you're working for a company that has a cult like following, ever growing revenue, and a strong trajectory ahead, but instead we think you might be interested in helping turn this disaster around that we've hired and fired 3 CEOs for. Also, we need you to lay off a lot of people on day 1". is probably not the wording they're using.