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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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RE: What?
By YashBudini on 2/19/2011 10:08:49 PM , Rating: 0
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.

And how about Wall St bankers?
You destroy your national economy.
You destroy the global economy.
You create a global recession.
You don't go to jail, you don't get even get charged, you get a reward and keep all your bonuses.

That's your definition of capitalism?

quote:
Tech costs alot of R&D and investment to stay in and ontop of the game.

So why has Intel taken their good old time putting out 32nm quad core desktop processors? Because there's pretty much nobody on their tail. Intel's profit margins and earnings come easier than Exxon/Mobil's. You're confusing theory with fact.


"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs














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