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Intel’s board, and an example of when boards and short-termism fail
Pat lost his seat because of an incompetent board. Let's meet them.
The first one was I wrote a strategy document for the board of directors and I said if you want to split the company in two, then you should hire a PE kind of guy to go do that, not me. A sum of the part thesis there probably works, as Intel’s stake in Mobileye, Altera, IFS, and Design all are worth something, and that’s probably higher than the share price today. On the other hand, the board is run by a group of people with no semiconductor experience, and some are legitimate undermanagement scenarios (Boeing, Autodesk, Paypal).
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