There seems to be significant opportunity to zig as others zag. Imagine the Intel letter saying "we are going to take advantage of the current hiring environment to scoop up talent, and push forward on initiatives."
Most hired executives play not to lose rather than playing to win; the nature of their compensation packages incentivizes it, where big wins accrue largely to diffuse shareholders while big losses mean they lose their fat executive pay package. It takes a founder-CEO to play to win, but if the hired CEO had that skillset and that inclination, they'd be a founder rather than a CEO.