Semiwiki on LinkedIn Semiwiki on Facebook Semiwiki on Twitter Register / Log in 
Array
(
    [content] => 
    [params] => Array
        (
            [0] => /forum/index.php?threads/backlash-cerence-today-announced-that-brian-krzanich-has-been-appointed-as-the-company%E2%80%99s-new-chief-executive-officer-effective-immediately.21237/
        )

    [addOns] => Array
        (
            [DL6/MLTP] => 13
            [Hampel/TimeZoneDebug] => 1000070
            [SV/ChangePostDate] => 2010200
            [SemiWiki/Newsletter] => 1000010
            [SemiWiki/WPMenu] => 1000010
            [SemiWiki/XPressExtend] => 1000010
            [ThemeHouse/XLink] => 1000970
            [ThemeHouse/XPress] => 1010570
            [XF] => 2021370
            [XFI] => 1050270
        )

    [wordpress] => /var/www/html
)

BACKLASH: Cerence today announced that Brian Krzanich has been appointed as the Company’s new Chief Executive Officer, effective immediately.

Daniel Nenni

Daniel Nenni

Admin
Staff member
Brian is a proven public company CEO with a successful track record of driving large-scale business transformations, fostering innovation and achieving sustainable growth. Previously, Brian served as CEO of CDK Global, the leading supplier of software to the retail automotive industry. Prior to that, Brian served 36 years at Intel, including as CEO from 2013 to 2018. His leadership skills and expertise in AI and cloud computing make Brian the right leader to guide Cerence at this important moment, capitalize on our growth opportunities, and drive shareholder value.

Read more here: https://lnkd.in/druUvGAC


hashtag#WeAreCerence
Activate to view larger image,
Image preview
 
They turned off comments but they are cached:


Jonathan Huang• Audio Machine Learning Tech Lead at AppleAudio Machine Learning Tech Lead at Apple

Is this some sort of early April Fools' prank? Honestly, the board of directors at Cerence Inc. might want to consider a group therapy session because it sounds like they’ve lost their marbles. When they mention "large-scale business transformations," are they referring to Intel's miraculous transition from semiconductor rock stars to a struggling reality show contestant fighting for their lives? And "achieving sustainable growth"? Give me a break! Back when our buddy BK took the CEO throne, INTC was practically sitting on a throne of gold worth ten times what NVDA was. Now? It's a sad little cottage that’s worth about 1/30th of that.

Let’s give credit where it’s due: BK has truly perfected the art of making a mess. He casually decided to cull 10% of the workforce to fund his questionable acquisitions and perhaps to finance his drone obsession? What a visionary! And who could forget his joyful demo showcases of products that were as real as a unicorn? Meanwhile, he was throwing cash around like confetti on stock buybacks instead of putting it back into actually, you know, making semiconductors. But here’s the cherry on top—while thousands of Intel employees are collecting pink slips thanks to his genius leadership, he’s landing a new job? Talk about rewarding failure!

Edit: I cannot contain my anger as every day I see former colleagues bid farewell to Intel with "early retirement". So many of these talented, hardworking folks are out of jobs through no fault of their own. The clowns most responsible for creating the mess always gets away with millions.

www.linkedin.com

Sign Up | LinkedIn

500 million+ members | Manage your professional identity. Build and engage with your professional network. Access knowledge, insights and opportunities.
www.linkedin.com www.linkedin.com
 
Daniel Nenni said:
They turned off comments but they are cached:


Jonathan HuangJonathan Huang • Audio Machine Learning Tech Lead at AppleAudio Machine Learning Tech Lead at Apple

Is this some sort of early April Fools' prank? Honestly, the board of directors at Cerence Inc. might want to consider a group therapy session because it sounds like they’ve lost their marbles. When they mention "large-scale business transformations," are they referring to Intel's miraculous transition from semiconductor rock stars to a struggling reality show contestant fighting for their lives? And "achieving sustainable growth"? Give me a break! Back when our buddy BK took the CEO throne, INTC was practically sitting on a throne of gold worth ten times what NVDA was. Now? It's a sad little cottage that’s worth about 1/30th of that.

Let’s give credit where it’s due: BK has truly perfected the art of making a mess. He casually decided to cull 10% of the workforce to fund his questionable acquisitions and perhaps to finance his drone obsession? What a visionary! And who could forget his joyful demo showcases of products that were as real as a unicorn? Meanwhile, he was throwing cash around like confetti on stock buybacks instead of putting it back into actually, you know, making semiconductors. But here’s the cherry on top—while thousands of Intel employees are collecting pink slips thanks to his genius leadership, he’s landing a new job? Talk about rewarding failure!

Edit: I cannot contain my anger as every day I see former colleagues bid farewell to Intel with "early retirement". So many of these talented, hardworking folks are out of jobs through no fault of their own. The clowns most responsible for creating the mess always gets away with millions.

www.linkedin.com

Sign Up | LinkedIn

500 million+ members | Manage your professional identity. Build and engage with your professional network. Access knowledge, insights and opportunities.
www.linkedin.com www.linkedin.com
Click to expand...

See the passion this guy writes with , do Senior Management know what they have in their Company (Not just this case , all Companies)

As soon as I see the following line.
" drive shareholder value"

The focus going to be extremely narrow and not for the betterment of the employees.
 
Wasn't BK a fab guy ? That's about as far from AI and cloud computing as you can get. Would you pick a 36 year Intel lifer to run a software startup ?

However, a quick scan of Crerence's most recent financial statement shows they're losing a lot of money and may need to get costs under control. So perhaps BK is the man !
 
tooLongInEDA said:
Wasn't BK a fab guy ? That's about as far from AI and cloud computing as you can get. Would you pick a 36 year Intel lifer to run a software startup ?

However, a quick scan of Crerence's most recent financial statement shows they're losing a lot of money and may need to get costs under control. So perhaps BK is the man !
Click to expand...
Bring in outsider to fire a lot of folk 😃😃😃
 
I think BK's contributions to Intel's demise are meaningful, but it was overdetermined. Narcissistic delusion, internal politicking, and relishing opportunities to put the screws to customers was hardwired into the culture by the time he came to the helm. Did the board fire him for wasting billions on bad acquisitions and buybacks while fumbling the ball on technological development? No, on paper he went out for diddling a subordinate. They could've had their wake up call 6 years ago, but instead they doubled down on BK's financialization with the next guy and everything continued to degrade.
 
coldsolder215 said:
I think BK's contributions to Intel's demise are meaningful, but it was overdetermined. Narcissistic delusion, internal politicking, and relishing opportunities to put the screws to customers was hardwired into the culture by the time he came to the helm. Did the board fire him for wasting billions on bad acquisitions and buybacks while fumbling the ball on technological development? No, on paper he went out for diddling a subordinate. They could've had their wake up call 6 years ago, but instead they doubled down on BK's financialization with the next guy and everything continued to degrade.
Click to expand...

Not gonna lie , never thought I would see the phrase "diddling a subordinate" on here.

Made me chuckle 😂😂😂
 
The failure starts with Andy Bryant, that dude doesn’t get enough credit for how he failed at his stewardship, nor the stock holders whom happily collected their dividends and let the BoD do their plundering.

No question after Andy and from CRB, PSO, to BK they sowed the seeds of cultural, strategic, tactical and execution failure of which I’d say they aren’t even half way there to fix.

As to Bk the profanity and insults he’d give out in meetings as well as his little head action are legendary, just ask all his ex wives.

It takes an extraordinary leader to transform a leading company and monopolistic company to transformation. The end to Intel is still to be written but doesn’t look good.
 
I would suggest looking at performance by CEO to determine what they inherited what they left. The headcount after Pat cuts people will be same as his predecessors. The Cash flow, Income, Revenue etc is a different answer. The Patriots were great for 20 years, Now they are below average.
 
MKWVentures said:
I would suggest looking at performance by CEO to determine what they inherited what they left. The headcount after Pat cuts people will be same as his predecessors. The Cash flow, Income, Revenue etc is a different answer. The Patriots were great for 20 years, Now they are below average.
Click to expand...

Drake Maye had a solid debut!

However it does look a long road back
 
While BK tenure as Intel CEO was thoroughly unimpressive (to say the least), I don't quite understand the desire of people to discuss his appointment on social media.
 
BK was officially fired because he had a consensual relationship with a subordinate but it was years before and everyone knew about it. It was just an excuse to get rid of a bad CEO. I totally lost respect for the Intel board on that one. They should have said it like it is, he was a bad CEO, instead they lied. Lying is generally a bad thing in corporate America, no?
 
Wasn't he a process guy? And he was CEO of Intel when they kept fumbling their process and 10nm was delayed.
It is rather curious that SMIC managed to make a denser process with immersion lithography than Intel ever did.
 
samwilde said:
Wasn't he a process guy? And he was CEO of Intel when they kept fumbling their process and 10nm was delayed.
It is rather curious that SMIC managed to make a denser process with immersion lithography than Intel ever did.
Click to expand...

BK was a manufacturing guy. He was also dishonest. He botched the launch of 14nm and 10nm was a complete mess. In my experience CEOs are born not made. They tried to make BK a CEO and he failed. Being the CEO of Intel seems to be the ultimate CEO challenge so maybe BK can do lessor CEO positions?
 
Daniel Nenni said:
BK was officially fired because he had a consensual relationship with a subordinate but it was years before and everyone knew about it. It was just an excuse to get rid of a bad CEO. I totally lost respect for the Intel board on that one. They should have said it like it is, he was a bad CEO, instead they lied. Lying is generally a bad thing in corporate America, no?
Click to expand...
Unfortunately this is all too common with large companies.

Lockheed Martin had an up and comer "to be CEO" guy who was already pre-picked and had been groomed for at least a couple of years before he was canned. Everyone knew he was promoting / sleeping with a subordinate, but they had to create a special ethics commission / group that reported directly to the CEO, have that group do a full study, then finally they decided "oh yeah he was doing bad stuff" and they let him go.

He walked with a full severance package (more than any of us will see in a lifetime), and later became CEO for L-3.. where they created an internal wiki page (thanks to a friend I saw this) "explaining" his firing from Lockheed Martin.

I forget the full details but he was doing possibly something else besides the relationship, but when the "firing*" came - it was the relationship cited as the reason.

*aka golden parachute earlier than planned.

P.S. Definitely agree BK is a liar -- or at least wholly incompetent. The 10nm health - even if he was being lied to, should have thrown red flags after.. the first 7 or so quarterly misses.
 
BK didn’t get fired for having a relationship with a subordinate. He got fired for failing. His relationship was known for years, it’s not a coincidence that it was brought up as a convenient excuse to got rid of BK when it became clear he was not the right guy for the job.
 
10nm wasn’t BK fault alone. His failure here was inability to figure out the continued lies and failures and fire and revamp all of LTD leadership.

I’d say most of the current leaders and BoD still are incapable or not acting as they should and need.

In the end BKs failures were many and obvious but nobody in the BoD seemed to care or willing to act. Is that the same as now we will see next two years if they have their technology mojo and have the opportunity to pivot to customer minded and a real foundry
 
You must log in or register to reply here.
Back
Top