That's because upper management benefits from the greatest double standard in history. Good results are attributable solely to fantastic management. Poor results are attributable solely to the stupid engineers screwing it up. Therefore, upper management always deserves a huge bonus!
As the CEO, and his bonus, actually really big despite the poor results of the company (STM and ST-ericsson), are confirmed and approved by a number of commetee (board,Exec commetee corporate governange commetee.....) and finally approved by the investors, it seems that we miss something in the whole picture......
Last note: does Bozzotti have a strategy?
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.