The recent news of Intel’s CEO Paul Otellini decision to retire early came as a surprise to most people. Without going in great detail I will simply say that his decision is the right one, especially if one takes a look at the global trend of Intel as a world computer super power and how that has recently been changing (rapidly) in light of mobile technology.
But, even more on a personal note from himself, he stated very clearly that he thought it was time for a new leader to take control – an incredibly honest and humble move if taken at face value (which is the only option for most of us). It takes incredible courage to step down and to allow a new and much more fresh leader to take the reins.
Unfortunately, most leaders appear to lack this very basic truth that nothing lasts forever and that no man’s leadership is timeless nor applicable forever. Some of the biggest reasons for the demise of corporations, big and small, is simply because the leadership at the top was not able to come down from their pedestal and pass the baton to the next generation – they are too proud, too arrogant to admit that their time has come to an end.
Paul’s decision is one that puts him in a category that is far too small – those that have exited gracefully and haven’t taken their companies down in flames. Well done, well done.