Nailed it - almost
>He is said to have resigned over frustration at the company's risk-averse and bureaucratic culture and what he saw as its bloated workforce, with too many middle managers instead of engineers, according to reports.
At last - a true analysis of the paralysis that will kill Intel. Just needs to add that most of the middle management is both useless and grossly over-paid (I suffered life at Intel for a very short stint)