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> “I don’t feel good today,” Gelsinger said told employees Thursday. “I’ve agonized over today for the last three, four weeks. Many nights waking up at 2 a.m. b

> “I don’t feel good today,” Gelsinger said told employees Thursday. “I’ve agonized over today for the last three, four weeks. Many nights waking up at 2 a.m. because I know that what we do, and how we’re affecting you and your families, it matters.” Sounds pretty empathetic to me. I’m guessing he also has empathy for Wall St and his shareholders. Ultimately Intel has no choice but to either grow or downsize and the former hasn’t materialized. They’re losing market share and revenue and if they keep that up they will be empathizing with their creditors and the bank.

smolder 1y ago
Honestly, I don't think Gelsinger is a bad guy. He was handed a mess made by others before him, which in my mind absolves him of some of the blame.
- A_D_E_P_T 1y ago
  Krzanich and Swan were catastrophically bad. Both of them are among the worst bigcorp CEOs ever, with asleep-at-the-wheel Krzanich in the running for the worst of all time. Intel's board tried to right the ship with Gelsinger, but it was too little and too late, especially given slow development cycles in the semiconductor industry.
  - psunavy03 1y ago
    It's arguably a challenge to supplant Jack Welch as "worst of all time" after he not only ran GE into the ground, but also started the whole "celebrity CEO" fad and spewed a bunch of toxic crap that poisoned scads of other companies. Rank-and-yank being first among those.
  - DebtDeflation 1y ago
    The one constant through Intel's almost two decade long downfall across multiple CEOs has been the BOARD. At what point do they get assigned blame?
sharpy 1y ago
I am pretty sure he will get a nice stock compenstation for the mental anguish he suffered for this decision. Snark aside, did Intel management take any cuts, even symbolic ones to show they are in it together?
- sgerenser 1y ago
  Yes, that’s exactly what they did under Gelsinger: https://www.oregonlive.com/silicon-forest/2023/02/intel-slashes-wages-bonuses-after-disastrous-quarterly-results.html https://www.oregonlive.com/silicon-forest/2023/02/intel-slas...
  - vjvjvjvjghv 1y ago
    I have the feeling he will be fine financially.
some_random 1y ago
The individual people involved are frequently very empathetic, the key is that they ultimately are not afforded a choice.
- xhkkffbf 1y ago
  If a business is losing money, then laying off some percentage will certainly hurt them. But it could save the jobs of the others. The leadership has empathy for both sets and it's emotionally mind numbing.
vjvjvjvjghv 1y ago
If there is one thing I have learned it's that most people who make it to the top in business or politics are great actors and storytellers who can express empathy in a very convincing way when needed. They may even believe it at the moment. But if it benefits them, they will still make brutal decisions without any regard towards the lives of people who are affected by the decisions.

smolder 1y ago

Honestly, I don't think Gelsinger is a bad guy. He was handed a mess made by others before him, which in my mind absolves him of some of the blame.

A_D_E_P_T 1y ago
Krzanich and Swan were catastrophically bad. Both of them are among the worst bigcorp CEOs ever, with asleep-at-the-wheel Krzanich in the running for the worst of all time. Intel's board tried to right the ship with Gelsinger, but it was too little and too late, especially given slow development cycles in the semiconductor industry.
- psunavy03 1y ago
  It's arguably a challenge to supplant Jack Welch as "worst of all time" after he not only ran GE into the ground, but also started the whole "celebrity CEO" fad and spewed a bunch of toxic crap that poisoned scads of other companies. Rank-and-yank being first among those.
- DebtDeflation 1y ago
  The one constant through Intel's almost two decade long downfall across multiple CEOs has been the BOARD. At what point do they get assigned blame?

sharpy 1y ago

I am pretty sure he will get a nice stock compenstation for the mental anguish he suffered for this decision. Snark aside, did Intel management take any cuts, even symbolic ones to show they are in it together?

sgerenser 1y ago
Yes, that’s exactly what they did under Gelsinger: https://www.oregonlive.com/silicon-forest/2023/02/intel-slashes-wages-bonuses-after-disastrous-quarterly-results.html https://www.oregonlive.com/silicon-forest/2023/02/intel-slas...
- vjvjvjvjghv 1y ago
  I have the feeling he will be fine financially.

some_random 1y ago

The individual people involved are frequently very empathetic, the key is that they ultimately are not afforded a choice.

xhkkffbf 1y ago
If a business is losing money, then laying off some percentage will certainly hurt them. But it could save the jobs of the others. The leadership has empathy for both sets and it's emotionally mind numbing.

vjvjvjvjghv 1y ago

If there is one thing I have learned it's that most people who make it to the top in business or politics are great actors and storytellers who can express empathy in a very convincing way when needed. They may even believe it at the moment. But if it benefits them, they will still make brutal decisions without any regard towards the lives of people who are affected by the decisions.