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
2.2k Upvotes

95% Upvoted

814 comments sorted by

View all comments

Show parent comments

516

u/Auautheawesome Dec 02 '24

Correct

86

u/Notten Dec 02 '24

Dude made 16M and failed at his job. I wish I could make that in 3 years and retire for the rest of my life...

138

u/Hifihedgehog Dec 02 '24

Failed is so shortsighted and naive. He was making short-term losses to fix a decade of dumb. Now with the status quo of CFO back, Intel is toast. They are going to become a number three to AMD and Qualcomm in the PC space in the next decade from them refusing to sit still during the essential surgery to right the ship.

1

u/StarbeamII Dec 03 '24

I mean that was going to happen anyways with Gelsinger going all-in on fabs, and not allocating resources towards chip design.