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A couple of interesting, very likely debatable, points from Professor Bill Lazonick in this video:
1. It looks like he feels Intel did too much stock buybacks, much more than R&D investment, due to their importance to compensation.
2. He suggests PG got the boot due to close ties with Biden, in light of Trump's incoming presidency.
That's an interesting but superficial point. Firing PG for a superficial reason is pretty typical of Intel though. More likely, as he mentions, the massive unprecedented loss in 2024 was the catalyst for the firing. The loss, he implies, could have been much smaller if severance costs had been less (fewer buyouts) and if the change in strategy hadn't stranded so much equipment cost. That makes sense to me. PG went Leroy Jenkins on spending and paid the price. Now Intel is minding costs again which is a positive.
