Profile Businessman Andrew Grove
Discusses businessman Andrew Grove and his carer at the Intel Company
Andrew S. Grove one of the founders of Intel, became the company’s president and later the CEO and chairman of the board. During his eleven year tenure as CEO Intel grew at a compound annual growth rate of almost 30 percent. Along with Microsoft Intel supplanted IBM as the dominant standard in computing. Under Grove’s leadership Intel’s stock market value increased twenty-fold.
His leadership of Intel was marked by unconventional thinking, imagination and straight talk. And lead him to be named the most influential business leader of the past twenty five years by the Nightly Business report. In 1997 he was chosen as Time Magazines Man of the Year for being the person most responsible for the amazing growth in the power and innovative potential of microchips. His efforts were responsible for the creation of a company that has helped put over a billion computers and a multitude of other popular electronic products into people’s lives.
Grove and Intel are now embedded so deeply into our minds our computers and our culture that their success seems preordained, but that was not Groves expectation when he started out. Groves leadership was characterized by a continuing ability to adapt to shifting realities. He was named the toughest boss in America in 1984 by Fortune for his intense desire to get things right.
He is famous for his slogan “Only the paranoid survive.” He is also ruthlessly honest calling a situation as he sees it. His directness has earned him some critics, but he has stuck to it.
In 2005 Grove became a senior advisor to the company. He has said that he intends to leave the bulk of his fortune to charity. He and his wife are deciding how to go about that.