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Former ATI president and CEO resigns from AMD

AMD today announced Dave Orton, executive vice president of AMD, has resigned. The resignation is effective in the end of July 2007. Orton was the former president and chief executive officer of ATI before the merger with AMD. A new executive vice president has not been appointed yet.

“It is with mixed feelings that I am leaving AMD,” Orton said. “I am very optimistic about AMD’s future. I believe strongly in the strategies that brought AMD and ATI together and the talented employees of the ‘new AMD’ who are committed to winning in the market by delivering the best possible solutions for customers.”

Orton was one of the “key drivers in the successful integration of AMD and ATI,” according to AMD President and Chief Operating Officer Dirk Meyer. “With his integration work complete and the successful launch of key graphics and chipset products earlier this year, the time was right for Dave to take his personal and professional life in a different direction,” he added.

Despite the “successful integration” of AMD and ATI, the company continues to hemorrhage cash, with debts mounting up fast and an estimated $1.1 billion in the bank. The company also posted a first quarter loss of $611 million USD.  





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lol
By sliderule on 7/10/2007 2:42:14 PM , Rating: 1
So he helped engineer this train wreck, and now he walks away? NICE!




RE: lol
By Mitch101 on 7/10/2007 2:44:08 PM , Rating: 5
Not every manager is a good one. In fact I would say there are tons more bad managers than good ones.


RE: lol
By TomZ on 7/10/2007 3:06:44 PM , Rating: 5
Someone should not have a job at the CEO level if they are a bad manager.


RE: lol
By MajorPaver on 7/10/2007 3:26:14 PM , Rating: 5
Heehee. Hohoho.

More often than not, making it to CEO has much less to do with ones qualifications than ones connections and golf skills. If you are an absolute turd, are you likely to make it? 95% of the time, no. It has rarely been my experience that a CEO is the most qualified or skilled in anyway, they are just guys who managed to have a high "Peter Principle" ceiling.

Corporate governance is so screwed up right now, it's not even funny. My wife works for a company that just sold itself for no discernible reason other than a few members of the board WILL MAKE A LOT OF CASH. There appears to be very little shareholder value at all and longterm it looks to be a disastrous marriage. (Can we say Daimler-Chrysler).


RE: lol
By zsdersw on 7/10/2007 7:50:27 PM , Rating: 2
Quite true. You know the saying... what usually floats to the top? Rarely anything good, that's for sure.


RE: lol
By smitty3268 on 7/10/2007 3:49:00 PM , Rating: 4
It reminds me of that old Seinfeld episode, where they kept promoting up the worst employee at Elaine's office so he would do less damage. :)


RE: lol
By lumbergeek on 7/10/2007 8:24:02 PM , Rating: 3
I worked at a company that did that with a guy. Sucked at mechanical engineering - make him a project manager. Sucked at project management - make him the operations manager. Operations tanked - make him a division chief.....

Thankfully new ownership came along and Canned his ass before he became CEO, but then they brought in cronies that didn't know the industry and the company when totally to h***.


RE: lol
By MartinT on 7/10/2007 4:08:59 PM , Rating: 6
quote:
Not every manager is a good one.


Mr Orton managed to sell his company to AMD for a widely inflated price, making his investors loads of money.

Dave Orton is a great CEO. Hector, not so much.


RE: lol
By sxr7171 on 7/10/2007 10:23:15 PM , Rating: 2
I tried to rate you up but it rated you down. Anyway, my posting this should fix it.


RE: lol
By AvidDailyTechie on 7/10/2007 10:23:24 PM , Rating: 3
quote:
Hector, not so much.


anyone else see Hector running AMD into the ground?


RE: lol
By mmarq on 7/13/2007 4:40:37 PM , Rating: 2
Yes, i agree with you.

It seems nowadays AMD is ruined... oops runned... more and more by Microsoft. They are, it seems to me, in the position of trying to reedit the Wintel version of history( winamd?), while Intel is eager with the Open Source world... open sourcing much of their drivers...

For one thing, that was the *only one* story of partnership with Microsoft that was truly beneficial for both parts. Because if i remember correctly since from Apple and IBM, only resulted in law suits, or Microsoft walking out smiling and the other part with some pennys or with a mark of Microsoft foot on their faces.

If they pull this story right they may have a lot of success, but since history very rarely repeats itself in the good parts, it may end up that Hector has received a * kiss of dead *, and since MS don't have any Fab resources, and are eager to, because of Xbox, and making PCs for only itself, i wouldn't be to damn surprised if Microsoft ends up buying AMD if things gets too soared for AMD side.


"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch
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