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
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
series of layoffs in the company's history during the downturn.
Now he's going to be looking to put Americans back to work.
quote: 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.
quote: Tech costs alot of R&D and investment to stay in and ontop of the game.