Intel Corp., seeking a replacement for departing Chief Executive Officer Paul Otellini, needs a candidate with credentials internal contenders lack: a record of success in the market for mobile-device semiconductors.
Intel Corp. , the world’s largest chipmaker, is promoting a new type of thinner laptop called an ultrabook, seeking to help the personal-computer industry fend off a challenge from Apple Inc. ’s iPad and other tablets.
“Corporate mentoring programs are a charade. The intent behind them is good, but like everything the professionals get a hold of, they turn it into an incredibly complex and counterproductive routine. I suspect the reason these programs exist is so HR can beat you up and have something they can brag about. The moment someone says ‘mentor’ or ‘mentee,’ I get waves of nausea,” Andy Grove, former chairman of Intel Corp., says in the Sept. 26 edition of Bloomberg Businessweek.
Spain sold 3.5 billion euros ($4.3 billion) of five-year bonds at an auction today, reaching the maximum sale target even as its borrowing costs rose after Moody’s Investors Service said it may cut the country’s top credit rating.