Intel CEO Bob Swan to step down within weeks

Discussion in 'The Guru's Pub' started by fantaskarsef, Jan 13, 2021.

  1. fantaskarsef

    fantaskarsef Ancient Guru

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  2. D1stRU3T0R

    D1stRU3T0R Master Guru

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    oh shiet AMD 2 is happening?
     
  3. CRUBINO

    CRUBINO Member Guru

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    Conroe 2 the sequel :D:D
     
  4. nevcairiel

    nevcairiel Master Guru

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    A tech guy as CEO? Seems like Intel is learning.
     

  5. Undying

    Undying Ancient Guru

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    Change is good.
     
  6. Valken

    Valken Ancient Guru

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    I see Intel stock coming around end of the year if they can get it going. HE thought he could just sit there, vested into 14 nm for 100 years too long and could outlive the pace progress...

    Thank Jebus for AMD, Apple and ARM for bringing the sledgehammers to the House of Intel.

    Good news all around.
     
  7. Loobyluggs

    Loobyluggs Ancient Guru

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    Hey, does anyone think that when the sword of damocles came down on his head, someone said 'Swan! DUCK'.

    Need more coffee...
     
  8. Astyanax

    Astyanax Ancient Guru

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    Blaming Swan because intel had a structural failure that required hiring Jim Keller to straighten out is pretty damn ignorant.

    He is not to blame for intel losing ground, but he definitely took the initiatives to steamline and unscrew the choke points as mentioned in the chinese leaks last year by hiring someone who knows how.

    a lot of the problem was the factory manager that banged his secretary was entirely out of his depth when it came to the leadership needed to keep the teams operating coherently, shame nothing appears to be getting done about Brians insider trading when he dumped his shares right as meltdown/spectre were disclosed
     
    Last edited: Jan 14, 2021
  9. Fender178

    Fender178 Ancient Guru

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    I agree because I know of a little bit of the history of intel internal issues and the major blunders that happened which caused delays with 7nm nodes and Swan thought everything was going good but in reality everything isn't as it seemed which he caught wind of. Part of the internal issues at Intel was that someone at Intel wanted Swan's job that they got upset that they didn't get it. So yeah blaming Swan for everything going wrong at Intel is just plain ignorant. Yeah he is at fault to a t but not everything is on him.
     
  10. Loobyluggs

    Loobyluggs Ancient Guru

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    It was his watch. Don't like the environment that falls on your watch? Then do not accept the job.

    A poison chalice to some will seem appealing, so long as they get to drink it on the throne.

    No.

    You do not get a get out of jail free card, no one does. They knew what the problems were prior to taking the job offered, and they did not meet the challenge. In short, they did not care.

    A person who cared would've made it clear from the outset that:

    1) They are in control. No questions asked.
    2) Intel lack [insert w/e you want here] and that all focus is on [that thing] no questions asked.
    3) All final decisions are made by arriving at conclusions to address (2) in the most expedient fashion. No questions asked.

    When I say 'no questions asked' I am of course, referring to the shareholders, as, the shareholders need to be in on the heist, before we can talk about their cut.

    That would have bought Swan a lot more time, allowed the board and shareholders to understand the severity of the problem, and focus Intel's (extensive) science and engineering group.
     

  11. Astyanax

    Astyanax Ancient Guru

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    You aren't and never have been part of a corporate organisation at this level, you have never been in a position to try and induce change at a change resistant company full of ego's and cliques, so you cannot comment from a position of knowing what he did and didn't do.

    I can tell you with a deal of certainty though, that the layoffs last year included employee's that resisted the break down of the cliques and egotistical practices that put the company where they are right now though,

    The position that Bob Swan was in was in a few ways no different to the money leaking mess that AMD found themselves in post Hecter Ruiz,
    Dirk Meyer cops a lot of crap for the storm he had to navigate to plug up AMD's decline, and I do personally hold him responsible for how the CPU division were underfunded for the BD era, but it was necessary to save the company.

    With the amount of employee's that make up intel, investigations that lead to shuffling, firing and demotion can take upwards of a year in order to not meet internal resistance and so that the real bludgers in the organisation don't throw their productive coworkers under the bus to protect themselves.
     
  12. Loobyluggs

    Loobyluggs Ancient Guru

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    That aside, it cannot be ignored that the shareholders had far too much influence, that led to a lack of focus on the problem(s) - that already existed prior to Swan.

    How influential were the shareholders in hiring the man who came from a CFO background, do you think?
     
  13. Fender178

    Fender178 Ancient Guru

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    How is it on him that some people under him tried and sabotage something they were working on because that person didn't get the CEO's job that Swan got and that person got pissed off about it?
     
  14. Clouseau

    Clouseau Ancient Guru

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    The head person is always shouldering the responsibility. CEOs sign a contract that have clear objectives on what it will take in order to continue on to a new contract period. If those objectives are not met, the board will either seek a replacement or keep them on. Plain and simple. Everything in-between is all politics and bullshite. The captain always goes down with the ship; no escaping it.
     
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  15. Astyanax

    Astyanax Ancient Guru

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    being used as a scapegoat for a corporate philosophy that was unmaintainable you mean.
     

  16. Clouseau

    Clouseau Ancient Guru

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    Label it however you want. The point is these guys know that is always a possibility. The board kicking the CEO to the street can be for a myriad of reasons. Nature of the beast. Obviously they did not like the perceived shape the organization is in...so he is out. Companies can only be changed from the top down and management never cuts its own throat.
     
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  17. Loobyluggs

    Loobyluggs Ancient Guru

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    See my first point:

    I was being very selective by using that word, as I did not wish to point at one particular problem, but instead look to the bigger picture of a corporate environment, something that is a fickle, complicated set of variables that Swan was fully aware of prior to accepting the role.

    That is inexcusable, to a shareholder.

    Now then, we can all sit around the fire and talk of kings come and gone, but a king is measured by their empathy and understanding of what is best for the populace they rule over.

    Anything else is for the jokers of the court to mull over.
     
  18. Raserian

    Raserian Member Guru

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    Empathy is not widely practiced these days, much less so at work and even less in corporate management. That does not mean that empathetic CEOs don't exist, but they are for sure not very common. Intel has had a fair share of poor employment practices as well so the executives there definitely lack empathy. Greed sells better these days than empathy, unfortunately.
     
  19. Loobyluggs

    Loobyluggs Ancient Guru

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    This, is why having a company on the stock market is the road to greed - because if you are incentivising executives to push the share price above all else. This leads to situations wherein people are given exorbitant salaries, purely as a need to maintain the share price.

    If you want to see empathic heads of companies, you need to look at private companies, limited companies, and co-operative ventures - because these companies have not been corrupted by shareholders. I will say that yes, you will find bad managers in any organisations, but a limited company by it's taxable design cannot benefit itself by giving enormous bonuses to themselves, as it would have a negative affect to the company.

    In other words, if you give yourself a bonus, you are increasing the cost of running your company, which is your right to do, but the cost is less investment for the company.

    In private firms, it is detrimental. In public firms; it's beneficial.

    My eyes are on Microsoft this year in a big way, as I see that stock dropping due to a reluctance in buying shares back.
     
  20. Raserian

    Raserian Member Guru

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    It is true that private(and smaller companies) do not have that pressure from investors, shareholders...etc but they often do make the detrimental choices too at the expense of other employees and they can continue to do so because most employees need work and are not likely to leave company in amounts that would harm operations so they are motivated by greed too.

    Care to explain what is happening at microsoft?
     

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