( ESNUG 590 Item 05 ) --------------------------------------------- [09/16/21]
Subject: EDA users split on Chi-Foon Chan sudden reorg swap to Sassine Ghazi
PRNewswire 09/13/2021 -- Synopsys, Inc. (Nasdaq: SNPS) today announced
that blah blah blah Sassine Ghazi has been appointed as president and
chief operating officer, effective November 1, 2021.
Chi-Foon Chan will transition from his co-CEO position over the first
half of fiscal 2022, blah blah blah continue blah blah in a new role.
blah blah [9 years ago] Chi-Foon Chan was appointed co-CEO in 2012,
after serving as president and COO for 14 years.
- Synopsys Press Release of 09/13/2021
REACTIONS FROM USERS HEARING THIS NEWS FOR THE FIRST TIME
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John, did you see this?
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check this out! wtf!
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WTF???
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Did Aart and CFC have a falling out?
If yes, over what?
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WTF?
CFC has been with SNPS since the early days.
Even in the North Carolina RTP days maybe?
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Something's not right with this.
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Can you find out what's up here, John?
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What. The. Hell. ????
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I emailed him and he hasn't replied back.
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CFC and Aart are SNPS.
Take away one and there's something seriously wrong.
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This doesn't make sense.
Aart and Chi-Foon compliment each other better than 99%
of the marriages in the valley.
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What happened?
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This press release doesn't say if CFC is out or retiring.
What's the true story behind it?
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Wow. In EDA terms this is a 7.8 on the Richter scale.
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So is CFC getting the axe?
Or is CFC slowly retiring?
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Is he having health problems?
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WHAT'S GOING ON HERE????
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What other sh*tty news is coming next?
Newsom beats the recall?
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huh?
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wtf?
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You know people.
Can you find out more about this?
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did aart and cfc have a fight?
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Is CFC ill?
I hope not. He's a good man.
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WTF?
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Google says CFC's personal net worth is over $250 million.
I'm not worried about his retirement.
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Can you look into this, John?
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Nothing lasts forever.
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WTF ??? !!! ???
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first Afghanistan
now this?
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wtf?
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have you seen this, john?
what do you think is really going on?
did aart and cfc have a fight and now they want a divorce?
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Can you look into CFC's health, please?
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I see this as CFC doing a slow retirement so as to maintain
the market cap of SNPS stock within the investor community.
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How can Aart and CFC call it quits after 30 years together?
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REACTIONS FROM USERS WHO WERE WARNED AHEAD ABOUT THIS
Expected. CFC told me himself some time ago.
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We were warned. Who wants to be 72 and still working?
I will miss haggling with CFC.
He was a formatible negotiator during license renewals.
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CFC is 71. They quietly briefed a few months before Sassine
made COO that this change was coming.
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SNPS is a class act.
Our senior mgmt was told by SNPS that this was going to happen
around 14 months ago. CFC is in his 70's. With all that he's
done, he's earned the right to enjoy his retirement now.
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They told us when Sassine was made COO. CFC is a workhorse
who never stops working. Seriously, if left to his own devices
I could see CFC still visiting customers in his 80's and 90's.
The only way he will stop to enjoy life is he'll have to be
lovingly kicked out.
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REACTIONS FROM THE EDA VENDORS
Good for us. Not good for SNPS. CFC is 1/2 of SNPS' soul.
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At last ...
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Interesting.
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Wow. CFC retiring?
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Interesting but not surprising.
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Do you think it's a reaction to Anirudh moving up?
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That's a big surprise.
CFC was a fixture at Synopsys. I thought he would take CEO.
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I expected this.
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He's 71.
I am surprised it took this long.
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Finally.
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This is a surprise.
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Whaaat??? Was CFC sick?
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Sassine and Deidre knocked out Antun.
Then Sassine knocked out Deidre.
Now it's goodbye CFC.
I bet Sassine will be the new SNPS CEO within 3 years.
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CFC created Designware.
By rights he's responsible for Synopsys monopolizing the
building block IP market.
There isn't a 4:1 MUX out there that doesn't have his
fingerprints all over it.
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WTF?
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This was expected.
CFC role dimished since Sassine became COO last year.
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Once Sassine got the COO slot, it was obvious this was
coming.
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This is good news. As COO, Sassine has pulled in a lot of
functions that the BU's used to have locally so they're now
reporting to him. That chaos makes opportunies for us,
because the SNPS BU's can no longer quickly react on a local
customer basis.
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Why didn't they just issue a press release saying Chi-Foon
is 71 and retiring? And then celebrate his 31 years of growing
SNPS into company with $3.7 billion in revenue?
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First Wally left. Then Greg. Then we lost Jim.
Now CFC is leaving???
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Chi-Foon is a nice guy.
I'm not sure if anyone told you, but he is 71.
He will continue as Co-CEO until mid-2020; i.e. until
he is 72.
Only 6 CEOs in the S&P 500 are 72 or older.
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It will be interesting to see how Sassine changes SNPS.
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I think Sassine is being groomed to replace Aart.
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