Intel (INTC) CEO Forced Out After Board Grew Frustrated With Progress - Bloomberg
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +19.2%
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Intel CEO Forced Out After Board Grew Frustrated With Progress - Bloomberg
- Intel CEO Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the chipmaker, the Bloomberg report said, citing people familiar with the matter. Gelsinger met with the board about progress on taking back market share, when he was given the option to retire or be removed.
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