this post was submitted on 14 Jul 2024
154 points (94.3% liked)
Technology
59599 readers
3251 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The Intel CEO had always come from engineering fab. This kept the high level decisions made by somebody who understood the product and how it was made.
Then CEO and the head of fab was caught sexually harassing employees. They were both shown the door. So no CEO and the guy who was next in line were gone. They needed the number 2 in fab to take over fab to keep production up.
So the board decided to make the CFO the new CEO. A guy who had a MBA was running a chip company that had only been run by engines.
Profits went up for a while but then Intel struggled to maintain innovation and properly upgraded fab and chip design. Add the increasing skill of rivals and a increase in importance in chips other then server and desktop. which were the only areas Intel was king. It's a recipe for failure.
Sounds exactly what like what you will expect if a finance guy takes over a company. Rip.
The fastest way to save money is to stop spending money. Shut down the business and sell everything off brings in billions and costs nothing. Pure profit and I get huge bonuses! — Most financial/Wall St vultures