Daniel Loeb Target Intel Appoints Tech Leader as New CEO
– By James Li
Shares of Intel Corp. (NASDAQ:INTC) soared over 7% Wednesday morning on the heels of the semiconductor giant appointing VMWare Inc. (NYSE:VMW) CEO Pat Gelsinger as Intel’s new CEO.
The news comes not even a month after the news came out on Dec. 23, 2020 that Third Point leader Daniel Loeb (Trades, Portfolio) sent a letter to Intel’s Chairman of the Board Omar Ishrak urging the company’s board of directors to seek strategic alternatives to regain its “gold standard of innovative microprocessor…
