bridito
Senior member
- Jun 2, 2011
- 350
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Cultural clash?
Yes...the last thing AMD needed was to look inwards and address its cultural shortcomings...with everything it had going for it, it was surely bound to succeed if only it could retain its corporate culture!
Look at how badly that went for Apple when Steve Jobs came back :hmm:
Instead they sort of became an amalgam of second-best-of-breed. Neither the leader in CPU nor GPU. Shareholders rejoiced, employees fell over themselves with their bonuses and salary raises, morale shot to all-time-highs. (not)
Instead, they became so loaded with debt and sapped for cash, preventing them being effective in doing necessary R&D, that they had to spin-off their fabs as well as dilute their existing shareholders by issuing 58 million new shares of stock to Mubadala to raise cash and offload debt.
That's ace management right there :thumbsup:
I'm no stranger to boardroom incompetence but in any other industry but CPUs, this sort of monkey business would have led to bankruptcy court years ago. AMD makes Enron look well managed.