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: I'd start with CEOs. Show me a CEO who's job and responsibilites are 10X more important than the US president. 100X. 1000X. Now even better tell me why sport figures get that kind of money.
quote: Because they are worth it to the people who are paying their salaries.
quote: But to your point of higher wages for professionals... why do you think they need higher salaries?
quote: why do you think they need higher salaries? Maybe because the cost of goods is artificially inflated due to minimum wage and other regulatory restrictions. Not maybe. Definitely.
quote: The $7.50/hour US worker is replaced by a 75 cents/hour worker, yeah that's a savings, but the $75/hour engineer is also outsourced for the $75/day engineer.