Seeking Alpha

Intel (INTC -0.9%) CTO Justin Rattner is stepping down from his position due to a company rule...

Intel (INTC -0.9%) CTO Justin Rattner is stepping down from his position due to a company rule that "Intel employees may not serve as corporate officers past the age of 65." Rattner, who has worked for Intel since 1973, is taking a personal leave to "deal with a pressing family matter," but will return to Intel "in a role to be determined."
Comments (10)
  • wigit5
    , contributor
    Comments (3851) | Send Message
     
    I'm confused... is he stepping down due to his age or a personal matter? Or is his age a personal matter O_O.
    28 Jun 2013, 09:51 AM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (738) | Send Message
     
    He's stepping down as CTO due to age. But he's temporarily leaving the company due to a personal matter. When he comes back, he'll be in a different role.
    28 Jun 2013, 09:52 AM Reply Like
  • wigit5
    , contributor
    Comments (3851) | Send Message
     
    Ah I see, so he can do other work just not be "CTO"... but he is also at the same time taking leave of absence of sorts due to personal matter...

     

    it read funny the first time thanks
    28 Jun 2013, 09:54 AM Reply Like
  • The Aristos
    , contributor
    Comments (58) | Send Message
     
    Read it wrong the first time as well. I assume they will put him in some sort of advisory role.
    28 Jun 2013, 09:56 AM Reply Like
  • wigit5
    , contributor
    Comments (3851) | Send Message
     
    Might help to put something like "... In addition to stepping down from the CTO role, Rattner...."
    28 Jun 2013, 10:02 AM Reply Like
  • Exquisite Decay
    , contributor
    Comments (134) | Send Message
     
    His new job will be doorman; that's why they showed him the door.
    28 Jun 2013, 10:13 AM Reply Like
  • DoowopDave
    , contributor
    Comments (189) | Send Message
     
    They all leave "to spend more time with the family" or "for personal reasons". Never because they got the boot.
    28 Jun 2013, 01:27 PM Reply Like
  • Jeach!
    , contributor
    Comments (845) | Send Message
     
    Intel has a rule: "Intel employees may not serve as corporate officers past the age of 65."

     

    That's the dumbest rule in the book! Why would a company want to get rid of loyalty, experience and wisdom?

     

    Take GE for example.. they continuously use Jack Welsh's services. They didn't just say "happy 65th birthday, now here's the door". Quite the opposite, they were keen on keeping him around.
    28 Jun 2013, 01:34 PM Reply Like
  • Jeach!
    , contributor
    Comments (845) | Send Message
     
    For all those invested in Intel, as I always say "follow the big money":

     

    Eton Parks, manager of a $5 billion hedge fund is buying put options on Intel.

     

    http://bit.ly/124S6D6

     

    Additionally, Intel has experienced ZERO insider buying and 8 insider sales in the last FINRA filings.

     

    http://bit.ly/124S8ej

     

    So if the "big money" is leaving, then you'll need to evaluate 'your' positions as well.
    28 Jun 2013, 01:44 PM Reply Like
  • Robert.from.Ct
    , contributor
    Comments (354) | Send Message
     
    Correct...tired of reading nothing but FANBOYS like BBRY...What a bloodbath BBRY was today
    28 Jun 2013, 06:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)