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chipmaker Intel todayFortune
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70% Informative
John Sutter : Intel had a chance to buy a 15% stake in AI -developing company OpenAI for $1 billion .
He says Intel CEO Bob Swan judged the potential deal a loser in 2017 and 2018 .
The Intel saga is a grim reminder that some of America ’s greatest companies have succumbed to the four -wrong-CEOs disease.
Sutter says a single CEO would have a tough time going through five stages of decline.
Most often they’re intelligent, highly accomplished, and motivated to succeed, but experience or temperament unsuited them for the job in that company at that time. Four of them in a row is as unlikely as four of a kind in poker, but in the corporate world it doesn’t happen by chance. Ultimately blame must fall on those fallible humans in the board room. This story was originally featured on Fortune.com .
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