That was unexpected. I didn’t know there was such a policy. Not sure how I feel about this kind of policy, but then again he kinda should have known?
CFO is now interim CEO. Wondering how Intel will develop considering Intels current issues (security issues, publicly stating fear of AMD server market share, 10nm issues, …).
It’s no one’s business, and you’re right, he should have known.
The real reason, I suspect, is that Intel refused to acknowledge and respond to competition. Now, with this bullshit excuse, it looks like they’re doing the same under new leadership.
Swan added, “Intel’s transformation to a data-centric company is well under way and our team is producing great products, excellent growth and outstanding financial results. I look forward to Intel continuing to win in the marketplace.”
That’s pretty low, and that’s not the TL;DR. The TL;DR is after repeated failure to live up to the hype, the company is asking their CEO to step down. But rather than admit their mistakes, they’re blaming it on something absurd like a consensual relationship.
Takes more than switching CEO though. So we’ll see if they’ve learned anything by now. Cause they are getting spanked by Nvidia, AMD and ARM left and right.
In an ideal world, sure. But policies like this exist to (try to) reduce abuses of power towards subordinates. Whether they work or not, or make sense or not, isn’t something I’d want to get into here but I understand the reasoning if nothing else.