$Intel(INTC.US) One more thing, the board chairman Frank D. Yearly and CEO Chen Liwu are at odds. It was also him who drove Pat out and tried to sell the foundry business to TSMC (which TSMC didn't want either). He comes from a finance background, and Intel's decline began during his tenure. How many CEOs have been replaced since then? He retired and was succeeded by someone with a technical background, indicating that Chen has gained the upper hand in the board. There were rumors that one of Chen's conditions for taking the CEO role was to add new board members recommended by himself. In hindsight, after Chen took over at Intel, he did add several board members from the semiconductor industry, replacing some of the previous outsiders.