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[DJN] Two AMD Executives Leaving Company To Pursue New Opportunities

post #1 of 37
Thread Starter 
Source

EDIT: The DowJones Newswire got deleted, so this one is from Reuters.

Quote:
SAN FRANCISCO, Feb 9 (Reuters) - Two top executives are leaving Advanced Micro Devices (AMD.N) following the board's unexpected removal of the chipmaker's CEO last month.

Chief Operating and Administrative Officer Bob Rivet and Senior Vice President of Corporate Strategy Marty Seyer are both stepping down, but will remain briefly to help with the transition, AMD said in an email.




Why? I don't get it.

Gigalisk
(Forward Deployed)
Edited by Gigalisk - 2/9/11 at 9:43am
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Obsidian
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post #2 of 37
Quote:
Originally Posted by Gigalisk View Post
Why? I don't get it.
They were given one sempron processor each as bonus
    
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post #3 of 37
going to the dark side(intel)
post #4 of 37
Quote:
Originally Posted by Gigalisk View Post
Source



Why? I don't get it.

Gigalisk
(Forward Deployed)
Probably because they hate the current management structure, and they don't want to be there. "Pursuing new opportunities" is coporate-speak for "eff you I'm out of here before you fire me too."
post #5 of 37
Thread Starter 
Yeah i definitely dont play into politics that well.
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post #6 of 37
This doesn't bode well for our AMD friends.
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Intellect v2
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post #7 of 37
Quote:
Originally Posted by XNine View Post
Probably because they hate the current management structure, and they don't want to be there. "Pursuing new opportunities" is coporate-speak for "eff you I'm out of here before you fire me too."
There are plenty of reasons for someone wanting to leave a job that are not "hate the current management structure". This is especially true since these guys are near top of the management structure and have served for years.


What is more interesting is that two are leaving at about the same time. Then again.... They both may have had plans to leave earlier and staying for their annual bonuses.
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post #8 of 37
Quote:
Originally Posted by Plex View Post
This doesn't bode well for our AMD friends.
Not necessarily,they may have just been "part" of Dirk's team and AMD has already stated they wanted a new direction.
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post #9 of 37
I would worry this could mean they want to jump a sinking ship. Or in other words Bulldozer could disappoint. But everything is speculation as always.
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post #10 of 37
Thread Starter 
I mean thats what i was wondering...bulldozer is soon to release (don't know dates), Intel has yet to recover from their stumble with SB, things couldn't be better for AMD, short of every Intel chip catching on fire. My only guesses would be that they don't have faith in an upcoming product or current product, or the way that the company is going, they don't feel it is in their best interest to stay. I'm just suprised as there is no indication of ANYthing that would say JUMP.
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