May 18th, 2005
The more profound transition at Intel
Today Paul Otellini takes the reigns from Craig Barrett as the chief executive of Intel. Otellini is a 31-year Intel veteran. Barrett, who becomes chairman of the company, joined at about the same time at Otellini. But the real transition is that Andy Grove, a former CEO and now former chairman of Intel, is stepping down from active board duty. The 69-year-old Grove joined Intel as its fourth employee in 1968. He wrote the book on the tech industry– Only the Paranoid Survive : How to Exploit the Crisis Points That Challenge Every Company–and survived the perils of Eastern Europe to become an tech industry icon.
News.com’s Michael Kanellos captures some of Grove’s last official Intel moments:
After a lengthy introduction, in which the speaker citied Machiavelli, Grove asked the shareholders, "Would someone bring a resolution from the floor that Andy Grove will hereinafter be called the Prince?"
Later he announced his own technology law. "For years and years I have wanted to have a law named after me. Call it a case of Moore envy," he said. "And this is it. Technology will always win. You can delay technology by legal interference, but technology will flow around legal barriers."
Dan Farber, editor-in-chief of CNET News.com, has more than 20 years of experience as an editor and journalist covering technology. See his full profile and disclosure of his industry affiliations.
| 05/19/05
