A company makes 10~20B in net income in each of the past 4 years and yet manufactures the same 14nm technology with no advancement. A CEO should answer where those money goes before asking for more money from the government (US people). Such a shame, Bob. I am glad I don't work for Intel anymore.
https://www.crn.com/news/components-peripherals/intel-ceo-bob-swan-urges-biden-to-invest-in-us-manufacturing
Actually, Bob got paid much more in 2019.
His total comp including option awards was $99M. He was the 7th highest paid CEO in the US. Higher than Google Sundar and Microsoft Satya.
AMD Lisa and Nvidia Jensen aren't even in the top 10.
Not bad for an MBA from Binghamton. I don't think Intel even considers applicants from Binghamton into their Accelerated Leadership Program.
Basically Bob is the biggest welfare queen in the world if he gets guvment money from Biden.
2019: gets paid $66.9M, which could have been $138M if he hit all performance goals. Like if 10nm and 7nm were on time. https://www.businessinsider.com/how-much-intel-ceo-bob-swan-could-make-performance-bonuses-2019-1
I think the highest BK was paid was 20-something million per year, not counting his Spectre and Meltdown insider trading.
2020: YAS WELFARE QUEEN
Bob's open letter implies it's unlikely that he will spin off the fab.
Wasn't Intel under government scrutiny a few years back for being too competitive, too profitable, too successful? Now, asking for money from the government...
Um the gov is already investing in US manufacturing... It's called "A new TSMC factory in Arizona"
See the cranes in Hillsboro, the new equipment Ireland, Israel and Arizona, how is the yield and performance of those great process made by the hillbillies from Hillsboro?
See what Apple did with 5nm, even AMD and Nvidia are ramping 7nm while intel still stuck on 14++++++++++++++++.
Any questions why no raise, and outsourcing happening ? layoffs are next
What a FUBAR
@exy+1845CArk, that's 370k per employee. Unbelievable.
Where did the money go? There is a simple answer. In the past 3 years, 2018-2020, Intel spent $36.6B on stock buybacks. ($10.9B in 2018, $13.6B in 2019 and $12.1B so far in 2020.) If you don't believe me, go look for yourself: www.intc.com/stock-info/dividends-and-buybacks