Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: John F. Dowd who wrote (167270)	7/2/2002 2:35:47 AM
From: Amy J	Read Replies (1) of 186894

Hi John and Thread, there's a push to allow only those to be Board Directors that have no previous 5 year relationship with a company. Wouldn't that mean people like Andy Grove would have to be excluded from Intel's board by this proposed rule? He's exactly the kind of person boards need. Knowing Grove is on Intel's board makes me feel a lot more comfortable with my investment. He's got the personality that doesn't allow for BS and goes after anything that's wrong and sees that it's fixed. I don't like this proposal. BODs need to have at least one person that's got the know-how on the operations of the company's business that's sitting on the board, otherwise a board could make some really huge unintentional strategic mistakes that could hurt investors. The proposal should change, at a maximum, to "...no board directors that had a relationship with the company in the past 5 years, unless the person was a former CEO of the company." A former CEO has incredibly valuable knowledge and that type of internal knowledge should be encouraged to be on every company's board. Only a former CEO of the company, would have the know-how on the internals of their company to watch things carefully as a director. Anyone know the status of the push of that particular proposed rule? I think it's a really, really bad proposal. This proposal rule is essentially like saying, "American corporations will be enforced by police officers that have blinders on there eyes." That operational knowledge is critical to have. One former CEO needs to be on the board. RE: "I have never seen such a persistent bear market." Really? Wasn't the 70's a lot worse? In my investment course, I learned the real rate of return was negative over a 10 year period, slow and painful. Not fast and quick. Regards, Amy J

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