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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: 22nm fab in Israel
By The Raven on 2/22/2011 12:24:41 PM , Rating: 2
No I agree, I was trying a little humor lol.

quote:
Also - CEOs fail and they still get millions. They break laws and destroy economies and they get rewarded. Yeah things are working perfectly for CEOs, aren't they?


I mentioned this in my post. Why are you pointing that out to me? If the companies have a problem with that, they can put certain clauses in their contracts (or lower salaries), but then guess what... they are gone for someone with a better offer.


RE: 22nm fab in Israel
By YashBudini on 2/22/2011 12:32:53 PM , Rating: 2
See, and this applies for all, written text leaves something to be desired as inflection is absent. I missed it, my mistake.


"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer














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