5 Tech CEOs Under Pressure

Rory Read, AMD

Read, former president of Lenovo and longtime IBM executive, has been at the helm of AMD less than two years, but the chip maker's stock has fallen from $7 to around $2.50 in the last 12 months, and its market share has also dropped. Meanwhile, AMD continues to report quarterly losses, and the company’s outlook isn't great, either. Not only does the company have to go up against processor behemoth Intel on a daily basis, but it's also grappling with a declining PC market. As a result, Read has charted a new course for AMD toward embedded and semi-custom processors, as well as new ARM-based chips. But, can AMD get there fast enough?


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