Who Wants to Be CEO at AMD?

It seems no one wants to be chief executive of Advanced Micro Devices (NYSE: AMD). Apple's (NASDAQ: AAPL) Chief Operating Officer Tim Cook, Oracle's (NASDAQ: ORCL) Co-president Mark Hurd, EMC's (NYSE: EMC) Chief Operating Officer Pat Gelsinger and Carlyle Group Managing Director Greg Summer reportedly all have turned down offers to succeed AMD's ousted CEO Dirk Meyer.

Chief Financial Officer Thomas Seifert, who is serving as interim CEO, has said that he doesn't want the job permanently. The board wants Meyer's replacement to find a way for AMD to compete in tablets and mobile phones. The plan was to have a new CEO named before the next earnings report, which is scheduled for July 21.

Under Meyer and his predecessor, AMD suffered product delays that cost it orders in the lucrative market for chips used in server machines. The company has delivered profit in only four of the past 10 years. At $7.50, the share price is about 16% lower than a year ago.