In light of which, thought these two articles interesting:
SANTA CLARA, Calif., Oct. 3, 2017 Intel Corporation today announced that the company's former CEO Paul Otellini passed away in his sleep Monday, Oct. 2, 2017, at the age of 66.
Paul Otellini became Intel's fifth chief executive officer in 2005. Under his leadership the company made important strategic, technological and financial gains. These included transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession. Other accomplishments included signing on notable new customer engagements, such as winning the Apple PC business, and business partnerships and strategic acquisitions that expanded Intel's presence in security, software and mobile communications. On the financial front, Intel generated more revenue during his eight-year tenure as CEO than it did during the company's previous 45 years1. In the last full year before he was named CEO, Intel had $34 billion in sales; by 2012, the number had grown to $53 billion.
"We are deeply saddened by Paul's passing," Intel CEO Brian Krzanich said. "He was the relentless voice of the customer in a sea of engineers, and he taught us that we only win when we put the customer first."
Otellini was born in San Francisco on Oct. 12, 1950, and remained a fan of the city all his life. He received a bachel"s degree in economics from the University of San Francisco in 1972 and an MBA from the University of California, Berkeley in 1974. He joined Intel in 1974 and served in a number of positions, including general manager of Intel's Peripheral Components Operation and the Folsom Microcomputer Division, and in 1989 as then-CEO Andy Grove's chief of staff.
From 1990 to 2002, he held various positions at Intel, including executive vice president and general manager of the Intel Architecture Group, responsible for the company's microprocessor and chipset businesses and strategies for desktop, mobile and enterprise computing, as well as executive vice president and general manager of the Sales and Marketing Group. Otellini also served as chief operating officer from 2002 to 2005.
"Paul's business acumen, optimism and dedication fueled our growth throughout his tenure as CEO," Intel Chairman Andy Bryant said. "His tireless drive, discipline and humility were cornerstones of his leadership and live on in our company values to this day."
Dadi Perlmutter to Leave Intel Early Next Year
October 23, 2013 at 9:53 am PT
The recent management shake-up at chip giant Intel has claimed its first high-profile casualty. Dadi 'David' Perlmutter, a well-respected executive VP who had been a leading but unsuccessful contender in the race to succeed former CEO Paul Otellini, will be leaving the company early next year, after 34 years.
Intel confirmed the move in a regulatory filing made public today.
Perlmutter, who heads up Intel's Architecture Group, the business unit that designs and manufacturers its chips that go into personal computers, servers and other devices, will leave the company in February.
After Otellini announced that he would retire earlier than expected last year, Perlmutter (pictured below) was among the candidates who pitched Intel's board of directors on the CEO job, but lost out to the unusual joint offering of then-COO Brian Krzanich and president Rene James. Perlmutter's departure isn't entirely surprising. Within days of Krzanich taking over as CEO, there were reports that he had moved to take direct control over Intel's Architecture Group, and had delegated Perlmutter to a vaguely described transitional role, though Intel never made that role official.
Regulatory filings show that Perlmutter made about $15.7 million in total compensation from Intel last year, and, as of February of this year, he owned 1,968,599 shares of Intel worth nearly $47 million at today's share price.
Perlmutter, a native of Israel, had long been seen as the company's "Mr. Inside," possessing a skill for getting things done. He was less effective at the public-facing portions of the jobs. A keynote he gave in Sept. 2012, intended to reignite some excitement around Intel's strategic plans to improve personal computers amid flagging sales fell pretty flat.
His first big success at Intel came with the Centrino line of mobile processors that launched in 2003 and soon dominated the notebook market. Later, he was responsible for the Core line of chips that effectively replaced Intel's longtime Pentium brand of PC processors.
I could be reading too much into this, but it seems Dadi had some ideas at the Architecture Group that Krzanich either didn't - or perhaps did - like, hence moving fast to get Dadi out of the way and take control. The fact that Otellini was VP/GM of the Architecture Group, which Dadi then took over as VP when Otellini became CEO tells us they were very close, and remained so as co-investors after Otellini retired.
Could it be that Dadi's ideas revolved around next-gen ReRam? If so, the genesis of WeeBit has been a long time coming. They laugh best who laugh last, and revenge is a meal best eaten cold.
If Weebit achieve all they intend under Dadi Perlmutter's guidance, "Mr Inside" will be laughing all the way.
Out of adversity comes opportunity.
WBT Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
Perlmutter's departure isn't entirely surprising. Within days of Krzanich taking over as CEO, there were reports that he had moved to take direct control over Intel's Architecture Group, and had delegated Perlmutter to a vaguely described transitional role, though Intel never made that role official.
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