AMD: Rory has new boss

[red1776]

Reuters:

Advanced Micro Devices (NYS:AMD) said on Wednesday it promoted senior executive Devinder Kumar to chief financial officer after the struggling PC chipmaker announced in September its previous CFO was leaving.

http://finance.yahoo.com/news/chipmaker-amd-names-chief-financial-233007928.html

 

[captaincranky]

But what effect does a CFO have on a corporation's product development, direction and release?

It would seem to me that a shakeup at the purse string level might just be either a scapegoating, or a rat leaving a sinking ship...

 

[red1776]

But what effect does a CFO have on a corporation's product development, direction and release?

It would seem to me that a shakeup at the purse string level might just be either a scapegoating, or a rat leaving a sinking ship...

Exactly, it was satirical. Given the monetary constraints AMD is under right now. I was supposing the idea that Rory would have to report to the green eye shade bean counter.

 

[captaincranky]

Rory who..........?

Sorry, I'm just trying to find my way here. You know I can't speak AMD.

This happened in a similar manner during WW2 in Japan. Pilot trainees were getting immediately promoted to kamikaze.