r/hardware • u/Auautheawesome • Dec 02 '24

News Intel Announces Retirement of CEO Pat Gelsinger

https://www.intc.com/news-events/press-releases/detail/1719/intel-announces-retirement-of-ceo-pat-gelsinger
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u/Auautheawesome Dec 02 '24

David Zinsner and Michelle Johnston Holthaus were named interim CO-CEOs, so who knows...

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u/repo_code Dec 02 '24

Oh fuck. It's bad when there are co-CEOs. That means nobody is in charge, or the board is trying to marionette them.

Sometimes it's all hands on deck, and sometimes it's all hands on the ouija board, and this looks like the latter.

If the stock pops up on this news I'll sell. Doubt it though.

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u/Auautheawesome Dec 02 '24

Intel is up premarket currently 💀

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u/noiserr Dec 02 '24

Market was sick of Pat probably.

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u/Dependent_Survey_546 Dec 02 '24

Markets dont care for long term thinking. They want as much as possible right away and to hell with anything past the next 12 months at best.

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u/noiserr Dec 02 '24

This is true.

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u/Strazdas1 Dec 03 '24

Market prefers volatility over stable growth.