I don't understand this position at all. The guy failed miserably. As I mentioned above, the ati purchase was a disaster. Was it all or even mostly hector's fault? I don't know, nor do I care. He was the captain of the ship and he left it in worse shape than it was when he got there. Also, he didn't exactly have a great track record of great leadership/results at his other companies past/present/future, so there's no reason to think that he was just in the wrong place at the wrong time.
Maybe that's just the difference of opinion we have to accept.
I've been in enough project management and team decision-leader positions in my professional career to know that there simply is no such thing as "the captain" of the business ship.
Hector made no unilateral executive decisions. He would have been ousted by the board of directors, ala Dirk, had even attempted to "rule" the company like that.
If we are to conclude that the business decisions themselves were lacking, and I personally don't know if we even have the data/insight/understanding/background to legitimately make that claim, then we can only attribute that blame to the BoD and the executive team in its entirety.
However, the unethical actions embroiled in the Magellan fund debacle is clearly a singular act on Ruiz's part which does, IMO without question, speak to the character and flaws of the man.
And as such, we are well within our rights to then question just how much, if any, of this questionably seedy character bled over into his management philosophy and his ability to lead.
Hence I am "on the fence".
I personally found it disgusting that on the eve of bankrolling the ATI deal, Hector knew he needed AMD's stockprice to be above a certain bare-minimum value or else he could not get the banks to put up the bonds.
And so he held that December analyst meeting in which they (AMD and Hector) talked up and hyped up their business projections out the wazzu for Q4 2006...just long enough to get the signatures on the paper for the ATI deal, and then they came out and announced their substantial downward guidance revisions prior to Q4 earnings release because the reality was that the inventory was piling up and fab loadings at the time were way way down.
They completely manipulated the stock price, legally apparently because the SEC did nothing about it, so as to enable their acquisition of ATI.
You can call that brilliant management or unethical management, either way I found it to be disgusting and it forever jaded my opinion of how Ruiz managed his company long before the Magellan crap came to the surface.
(I'm also an "industry" person, worked with a great many ex-Motorola employees and I really didn't like what Hector did to Moto's fabs...he destroyed motorola the same way he went with AMD - had moto spin off the fabs into Freescale and left Moto as nothing but a shell of its former self as a design-house)