What you need to know
- Intel CEO Pat Gelsinger spoke at the Economic Club of Washington on Thursday.
- The Wall Street Journal reported on his statements from the event, which included that he's focused on a five-year plan.
- Gelsinger stated it plainly that he's not one to be judged on quarterly snapshots.
You know Denis Villeneuve's film Sicario, and how it doesn't really reward you if you just watch the first ten minutes, but by the time you wrap up the two-hour epic the whole thing clicks? That's more or less what Intel CEO Pat Gelsinger's strategy is. In other words, he doesn't want you judging him based on quarterly snapshots. Rather, see what he's done at the end of his half-decade plan and then make your verdict.
While speaking at the Economic Club of Washington, Gelsinger revealed what he's all about: Long hauls (via the Wall Street Journal). Arguably, that's not much of a secret for anyone who's studied his behavior and leadership style over the years, but even so, it's fresh to hear it directly from the source. He described himself as being on a five-year mission to course-correct Intel in the departments it needed sprucing up.
"If you want to measure me on a quarterly basis, I fail," he said, before stating where he's less likely to, in his own words, fail. "If you want to measure me on a two-, three-, four-year basis of turning around an industry and an iconic company, that's what I want to be measured against."
So there you have it. When you hear about Intel and TSMC getting feisty? Give it five years. When you see Intel's efforts to stay on-pace with AMD? Give it five years. And when Intel publishes a five-year roadmap to success? Give it five years.
Robert Carnevale is the News Editor for Windows Central. He's a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author of Cold War 2395. Have a useful tip? Send it to email@example.com.
Can’t wait till I try this one in my next performance review.
The only way to turn around your (previously) "iconic company" is to get an ARM license and start making chips for phones. Being bound to Windows PCs is a losing strategy. Yes, you will be judged on quarterly failings. If you don't want that, then you should not be a CEO. BTW, if you succeed in each and every quarter, then the long term takes care of itself.
Not sure of the point of this post, unless you are simply trying to mock Intel. Gelsinger's point is not new, nor does it boil down to him wanting to "get a pass" for poor performance. It is a long-standing critique of "quarterly capitalism": the intense focus on quarterly earnings that drives some American companies to avoid risks and long-term investments and hence to stagnate. https://www.managementstudyguide.com/pitfalls-of-quarterly-capitalism.htm
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