Comment Re:Miracles (Chips, how do they work?) (Score 2) 126
Internal politics are well within the control of the CEO, if he didn't address them its on him.
How should the CEO have addressed that problem?
- Leadership:
i. Eliminate multiple layers of middle management
ii. Get rid of senior executives who are more interested in their fiefdoms vs. the company well being
iii. Put competent, diverse and industry specific leadership on your board instead of stacking it with multiple CEOs. (Intel's current board is terrible)
- Employees:
i. Incentivize rank and file who perform well. "We didn't meet targets as a company so nobody gets anything" is completely unacceptable.
ii. Stop the constant layoffs for "underperforming" - nothing kills a company faster.
iii. Promote an engineering first culture that fosters teamwork and collaboration to accomplish goals, without requiring a 996 set of working hours. True dead weight gets pushed out in a hurry in such a culture.
- Company Turnaround:
i. Get rid of lines of business that do not contribute to core company. IT consulting services - seriously? One of many examples
ii. Build your brand up again. You've lost it to the competition steadily over the past 20 years. Hire an all star marketing team and pay them significantly more than what they are worth.
iii. Reestablish internal trust companywide. THAT alone comes from the CEO.
I'll collect my multi-million dollar consulting fee later.