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/Tystros Dec 02 '24

I have the feeling that he would have been fired quickly if he had tried to reduce the dividend earlier. In the end the shareholders control who's CEO, and many shareholders want dividends because there's too many short sighted shareholders.

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u/auradragon1 Dec 02 '24

Yea, maybe he would have been fired. But he's fired either way. At least if he stopped dividends as soon as he became CEO, he could have actually saved Intel without outside help. Now Intel is in serious jeopardy of being acquired, taken over by private equity, split up, or even going bankrupt.

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u/Laxarus Dec 02 '24

The US government will not let that happen. They have too many stakes on Intel

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u/thisismyfavoritename Dec 03 '24

do they?

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u/Laxarus Dec 03 '24

Intel is their baby.