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So is this a "real" position or one of those "will.i.am" positions?   (Source: Reuters)
Otellini will give Obama a helping hand on getting Americans back to work

Intel Corp.'s chief executive Paul Otellini has been tapped by U.S. President Barack Obama to be a member of the President's Council on Jobs and Competitiveness.  General Electric chief executive Jeffrey Immelt chairs the panel.  Its goal is to put Americans back to work, post recession and to promote skilled and professional jobs.

The White House says that it will name more board members in coming weeks.  President Obama, following the severe recession of 2008 and 2009, first created the board in 2009.

President Obama is currently wrapping up a West Coast trip, in which he dined with the likes of Steve Jobs (Apple), Mark Zuckerberg (Facebook), and Eric Schmidt (Google).  Today he is touring Intel's Hillsboro, Oregon facility, accompanied by Mr. Otellini.

Mr. Otellini is only Intel's fifth chief executive.  He has been with the company for over three decades, having joined in 1974.  He slowly climbed the ranks, gaining notice as the general manager who supervised the design of the first Pentium processors in 1993.  From there he became executive vice president and general manager of the Intel Architecture Group, supervising chipset and processor development.

In 2002 he was elected to the company's board of directors and became president and chief operating officer.  In 2005, he replaced Craig Barret as chief executive.

During his reign as chief executive he sold Apple on the idea of using Intel processors and oversaw the launch of the highly successful Core series of processors.  Despite these successes, he's had to make cuts, committing to the largest series of layoffs in the company's history during the downturn.

Now he's going to be looking to put Americans back to work.



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What?
By vol7ron on 2/18/2011 6:06:16 PM , Rating: 0
quote:
committing to the largest series of layoffs in the company's history


So the guy that fired people... even though his company was making billions of dollars in profits, is going to be the one in charge of creating jobs?

Does anyone else think O'Bama is smoking crack? If he couldn't do it with his own company, then what makes you think he'd be a good source for the nation?

Also, a company that makes that much profit and can't keep workers on staff, even if doing nothing, is not really something I'd define as loyal. There are places like GEICO that haven't had any layoffs.




RE: What?
By RedemptionAD on 2/18/2011 7:03:18 PM , Rating: 2
Crap happens in business is business, you lay off employees that are unnecessary so that you don't kill your bankroll that pays the other working employees during an unknown length of a downturn. Tech costs alot of R&D and investment to stay in and ontop of the game.


RE: What?
By YashBudini on 2/19/11, Rating: 0
RE: What?
By YashBudini on 2/19/11, Rating: 0
"So if you want to save the planet, feel free to drive your Hummer. Just avoid the drive thru line at McDonalds." -- Michael Asher














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