May 04, 2009
Paul Otellini, President and CEO of Intel Corporation, Visits UCLA Anderson
Predicts continued consolidation among industry players
By Roey Gilberg
LOS ANGELES -- Paul S. Otellini, president and CEO of Intel Corporation, paid a visit to UCLA Anderson on April 22, 2009, addressing a packed house in Korn Convocation Hall as part of UCLA Anderson's "Distinguished Speaker Series." His talk, titled "The State of Technology Amidst Global Economic Turmoil," touched on a wide array of topics, from his journey through the ranks of Intel, to Intel's present and planned undertakings.
Otellini began by discussing the decision-making process, a theme he would return to several times. "One of the first things I learned was the importance of making good decisions," he said. As an example, he recalled Intel's strategic shift from producing memory chips to microprocessors in the mid 1980s, a difficult but ultimately successful move for President Andy Grove and the rest of the company's leadership at the time. He then imparted to the audience the lesson he took from that crucial period: "Take a critical view of what you're doing," he advised. "Don't be emotionally invested." Otellini also discussed changes he made to Intel after he was named CEO in 2005. After analyzing the state of the company, he decided restructuring efforts were necessary. "Intel became fat and bloated," he said.
On the heels of Intel's recent $7 billion domestic investment initiative, Otellini discussed the company's commitment to investment and growth even during difficult economic climates. He recalled that after he unveiled the initiative at an economic forum in Washington, D.C. earlier this year, President Obama called him personally to thank him for a sorely needed piece of good economic news.
Otellini spent the last part of his talk continuing to dispense personal guidance to the audience. With regards to looking for that first job out of school, he cautioned against a lifetime of job-hopping, and instead recommended choosing a company in which you can see yourself working long-term. "Make the first decision as if it's the last decision," he advised, noting that he has been with Intel since 1974. He also suggested that everyone has something to offer if you make sure to pay attention. "Learn from those around you," he said.
Notable attendee was Charles E. Young, Chancellor Emeritus of UCLA and formerly a member of Intel's board of directors for over 30 years.
About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the leading business schools in the world. UCLA Anderson faculty members are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,700 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 36,000 alumni, UCLA Anderson develops and prepares global leaders.
Media Relations, (310) 206-7707, email@example.com