Let’s get serious: The situation is deteriorating by the day. The fiasco of first cutting salaries, then being forced to cut dividend, then reinstating salaries within 2 quarters suggests that this guy is throwing darts hoping something will stick. Pat will have to go. Question is when?
23 replies (most recent on top)
Who will be the next clown after PSO, BK, Bob and Pat?
No really talented CEO would touch Intel.
Jensen and Lisa are riding winning horses, why switch to a donkey.
Samsung and TSMC are foreign trained no way they can navigate Intel.
The BOD really failed when them picked Bob and Pat and time ran out on Intel really ten years ago.
The next Intel ceo is likely a very big name in semiconductors already
Renee James? Give me a break!
think by Q4, if not a big enough turn around is my 2 cents, he will be asked to transition to a technology group. I believe intc board is already getting the bull pen warmed up (it is what i'd do), may go with an outsider (someone from Samsung...). I feel best fit would be Renee James (former intc).
Jim Keller?
Pat was the board's hail mary pass to regain past intel glory. had maybe a 2% chance of success. at some pt (i think within 1 year) it'll become obvious that the only shareholder value will be with a split up and pat will be out and a break up specialist will be in. i don't see that taking too long to transpire. sometimes the best ceo is not the one that saves the company but breaks it up to get the best out of a bad situation. the decisions that got intel here are done and dusted. nothing intel is gonna do now or in the near will save it from those disastrously bad decisions made over the past decade within the time window they have to execute the turn around.
PG knows about TINA. There is no alternate ....that will even consider his job.
What do you mean reinstating salaries? I only saw announcement of cut?
- Trolls
- BK brown nosers
- Intolerant buffoons who hate the first amendment
All Pat haters fall into one of those buckets.
The pain we’re in now was caused by poor leadership many years ago. You can’t gut engineering in favor of massive stock buybacks and expect to prosper. I don’t know that things can be saved after so many years of derelict mismanagement, but Pat’s doing what he can.
We use to keep him from talking to MSFT, as he was always out of sync and starting wars.
Pat will Jesus praise his way out of being accountable.
"... fixing the company means breaking it up and selling the pieces"
If it is good for the employees and investors, why not?
Getting rid of PG is easy. Finding someone better is a lot more difficult. Unless your idea of fixing the company means breaking it up and selling the pieces.
Pat's gonna be around until the bitter end whatever that ends up being: he's got nowhere else to go, and the BoD wouldn't be able to find anyone willing to take the job.
Intel is in a death spiral. Ask any tech on the fab floor
It sounds like pat has secured a contract to see his plan through, regardless of the intermediate damage. There's probably a huge cut contract clause - and noone good wants the job after him.
Imo he's here until his 5n4y plan is delayed/exposed.
@ffo+1ln9k5El Brings up a serious issue that only highlights how dire things are, could I say like the Titanic after hitting the iceberg!
Remember the CEO search that couldn’t find someone that was qualified! All the possible real candidates already know it’s the Titanic after hitting the iceberg and we got Bob. Than the BoD had to sign in blood as well as 178million to get Pat and look where we are now, taking water in all sections and sop to break in two before plummeting.
So seriously who would replace him.
BK sat on the 10nm problem
What can Intel do?
I have no suggestion
We don’t want a CEO that tries to boast the stock price with no substance behind.
Do I think the CEO and ELT are scrambling?
Yes
Do I think they get paid too much for what they do?
Yes
I just think Intel is just in a hole.
They were used to compensating their design failings with Fab and we lost our technical advantage.
Why do some of us still work there?
Because we don’t want to move to Texas or Silicon Valley
Need more tech jobs in Folsom
2023
Board is in too deep. They cannot cut him or it will completely destroy Intel in a very short time.
2027 when he turns 65.
Pat is like Teflon. Nothing will stick to him. The board cannot do anything.
15% sometime before the end of 2023
85% sometime in 2024
98% sometime in 2025