Print 51 comment(s) - last by The Raven.. on Feb 24 at 2:54 PM

So is this a "real" position or one of those "" 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: 22nm fab in Israel
By YashBudini on 2/22/2011 11:55:23 AM , Rating: 2
Because they are worth it to the people who are paying their salaries.

Well congratulations, you discovered why everybody is paid what they paid, including the ones in question and not in question.

RE: 22nm fab in Israel
By The Raven on 2/22/2011 12:21:43 PM , Rating: 2
You're the one who asked. Not me. Don't insult yourself.

RE: 22nm fab in Israel
By YashBudini on 2/22/2011 12:30:41 PM , Rating: 2
But to your point of higher wages for professionals... why do you think they need higher salaries?


Not that I ever got an answer but....

RE: 22nm fab in Israel
By The Raven on 2/24/2011 10:50:57 AM , Rating: 2
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.

You split this statement of mine up and then started arguing with it. I think that is where you got lost on my response.
It was a direct response to this comment of yours...
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.

I find it unbelievable that you don't see the parallel since you are the one who said it and used the same 7-5 number combo on your examples.

I hope I made myself clear that time.

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