Tesla, Intel and the fecklessness of corporate boards
Consider two recent events. On December 2nd directors of Intel sacked its hapless chief executive, Pat Gelsinger. He had torched $150bn in shareholder value over his three-and-a-half-year tenure at the chipmaker, even as the fortunes of virtually all other chip firms were boosted by white-hot demand for computing power amid the artificial-intelligence (AI) revolution. Good … Read more