• Intel hired CEO (former chip designer) who said he would spend to advance Intel's chip capabilities
• Board gets upset that he is spending money on hard problem; fires CEO
• Board consists of professional retards seemingly all but two appointed by hedge fund to oversee generic investments
• Goal of board seems to be to carve up the company to sell for short-term gains

Quotes

If you haven’t heard the news, Pat Gelsinger is “retiring.” The reality is this was not a retirement but a firing of Pat. His brief stint of 1386 days was surprising because not only was he the most technically competent CEO of the last few bad apples at Intel, but he was also among the shortest.

I think the board will let Intel die and be sold for parts. It’s the correct answer to maximize relatively short-term shareholder value, but it's a nearsighted move that the Intel board specializes in.

The board is pretty horrific. Most of the people have no technical expertise, and many of the people most at fault for getting Intel to where it is, are still on the board.

professional board member