Certainly less than the HN sewing circle (yourself included) would think. People that actually know what they’re doing tend to make more informed and nuanced decisions than beating on their chest and yelling “Intel bad!”
Observing Intel, my feeling has been that "best you can" has been "bail out" since just after the PPro. The company has worked hard to waste a whole generation of talent and possibility. It took immense effort.
Anyone who looks at that performance and says "I was proud to be part of that" is not someone who will be happy working beside me, anyway.
Some companies get results, and some specialize in Powerpoint and politics. It all comes down to the managers in charge.
Would you hire a VP/manager that spent too much time at IBM or similar? How long can you work there without getting infected?