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Intel gets MBAed.
by 29athrowaway 4y ago
Intel gets MBAed.
- j_walter 4y agoThis is absolutely what happens when bean counters are promoted to CEO...they killed Intel a long time ago. Finally put an engineering guy in charge, but he is blowing smoke up investors asses...you can't dump billions in new fabs and technology while also losing billions per quarter. Their foundry business is dead...they won't compete with Samsung and TSMC. Even GF found that was a losing proposition and they had a lead on Intel and endless pockets of cash.
- 29athrowaway 4y agoThey boost the share price for a while, but then the competition takes over. Leadership get rich. Steve Jobs has the best explanation for this. https://youtu.be/P4VBqTViEx4 https://youtu.be/P4VBqTViEx4
- KerrAvon 4y agoIt's interesting that every large American industrial corporation eventually succumbs to MBA fever. In the 20th century, we saw the rise and fall of General Electric, Westinghouse, GM, RCA. Huge American corporations with products almost everyone interacted with almost every day. In the 1960's these were the corporations to beat. In the late 1960's, bean counter infiltration began. Of these companies, only GM isn't a hollow brand licensing shell, and it had to survive a government-maneuvered corporate bankruptcy to make it to 2009.