Word: ceos
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...TIME chooses as its 1997 Man of the Year Andrew Steven Grove, chairman and CEO of Intel, the person most responsible for the amazing growth in the power and innovative potential of microchips. His character traits are emblematic of this amazing century: a paranoia bred from his having been a refugee from the Nazis and then the Communists; an entrepreneurial optimism instilled as an immigrant to a land brimming with freedom and opportunity; and a sharpness tinged with arrogance that comes from being a brilliant mind on the front line of a revolution...
Grove polishes Intel strategy twice a year with a half-day "state of the industry" report to Intel's directors and top executives. After the presentation, the CEO submits to an intellectual firing squad led by the likes of Rock and Moore. Grove's performances, say those who have seen them, are a mixture of showmanship and brainpower, as if Albert Einstein were guest host of the Tonight Show. "Andy thinks faster than most people, certainly than me," says Rock, who has made billions betting on firms such as Intel and Apple. "I would hate to compete with Intel...
...Intel's competitors. If Grove is tough on people inside Intel, he is brutal with competition. Intel's current victims are Advanced Micro Devices and National Semiconductor, but no single firm poses much of a threat. Intel, says AMD CEO Jerry Sanders, makes it nearly impossible to get access to the big customers--Compaq, Dell, Gateway--that make for economies of scale. "That's where Intel makes it tough," says Sanders, another Fairchild alum. "In my view Intel goes right to the edge--and sometimes over it--to exclude people from providing chips to those guys...
Though no one talks of retirement (Grove considered it in 1987 but changed his mind), the CEO is building a management legacy. Last spring the company tapped Craig Barrett, a former Stanford materials-science professor and longtime Intel executive, as the new president and Grove's successor. And behind Barrett is a chain of bright, driven engineers all lusting for the top spot. Meet intense contenders like Intel V.P.s Paul Otellini and Sean Maloney, and you'll have little worry about a leadership vacuum. Chairman emeritus Moore sometimes comes to the office, looks around and says he sheepishly thinks...
...million: Cash remuneration Occidental Petroleum CEO Ray Irani received this past October...