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Reuters has some inside information: https://www.reuters.com/business/intel-ceo-pat-gelsinger-retire-2024-12-02/ https://www.reuters.com/business/intel-ceo-pat-
by nabla9 2y ago
Reuters has some inside information: https://www.reuters.com/business/intel-ceo-pat-gelsinger-retire-2024-12-02/ https://www.reuters.com/business/intel-ceo-pat-gelsinger-ret...
>Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn Intel around was not working and the progress of change was not fast enough, according to a person familiar with the matter. The board told Gelsinger he could retire or be removed, and he chose to step down, according to the source.
- FullyFunctional 2y agoThanks, finally a signal in this thread of noise. I found it unbelievable that all media presented it as if it was his decision. Of course it wasn't. I "predicted" this three months ago (really, it was inevitable), but gave it 1-6 months. Now for the what-happens-next popcorn. In a normal world, they would go bankrupt, but this is very much not a normal world.
- baq 2y agoThere are precious few companies who can turn rocks into thinking machines, Intel is one of them for better or worse. It’s a national security issue.