Word: ceos
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Dates: during 1990-1999
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...keeps a support staff of three busy. He has developed his own special "mail codes"--f/u for "follow up"--that let him zip through his In box with special efficiency. A faithful assistant once put together a Grove-to-English dictionary for new assistants bewildered by the CEO's avalanche of time-saving abbreviations...
...answer, of course, turned out to be what gave Silicon Valley its name. Gordon Moore (who ran Fairchild's research arm and later became Grove's mentor as CEO of Intel) believed you could store those charges with an integrated circuit made by sandwiching metal oxide and silicon into an electrical circuit called an MOS transistor. Unlike trickier semiconductors, silicon is both a wonderful conductor of electrical charges and a nearly bottomless sink for heat, meaning it doesn't melt down as you push electrons under its surface at nearly light speed. Because it is made from refined sand, silicon...
...Washington, D.C., Moore told Grove, "One day you'll run Intel." For the next two decades Moore shaped and polished Grove's thinking about everything from plastic packaging to Japanese trade. "He was," says Grove, "a father figure." In 1979 Grove became president, and when Moore stepped down as CEO of Intel in 1987, Grove stepped up. (At 68, Moore still works three days a week but probably not for the money: he holds close to $7 billion worth of Intel stock...
...college becomes harder to afford, students realize they can't afford not to go: this economy pries open the gap in prospects for those with a college degree and those without. The average CEO of a large company now earns 200 times more than the average worker, up from a 40-fold difference in the 1970s, according to trend watcher and author Gerald Celente. And for those who drop out, the options for unskilled workers keep shrinking, as does the safety net beneath them if they fall out of the economy altogether...
...also shared his wit and warmth with TIME editors at dinner at his rambling ranch house. Sitting around the table was Intel's past, present and future: Grove's wife Eva, who fell in love with him when he was working as a busboy; Gordon Moore, Intel's first CEO and Grove's mentor; Arthur Rock, the venture capitalist who underwrote the company in 1968; and Craig Barrett, Intel's president, who will probably succeed Grove...