SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: etchmeister who wrote (183148)1/18/2006 2:40:41 PM
From: Proud_Infidel  Read Replies (2) | Respond to of 186894
 
Intel employee count hits 100,000
Intel's expenses are a little higher than some on Wall Street would like, and part of the problem is employees.

The company employed 100,000 at the end of 2005, up from 85,000 at the end of 2004, according to CEO Paul Otellini.



To: etchmeister who wrote (183148)1/18/2006 3:40:16 PM
From: Lizzie Tudor  Respond to of 186894
 
I'm really hoping for a great report from AMD.



To: etchmeister who wrote (183148)1/19/2006 11:12:42 AM
From: Proud_Infidel  Respond to of 186894
 
Intel Board Adopts Majority Vote Standard for Election of Directors
Thursday January 19, 11:00 am ET

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 19, 2006--Intel Corporation announced today that its board of directors has amended the company's bylaws to adopt a majority vote standard for the election of directors in uncontested elections, beginning with the next election of directors in May. The new standard, which requires each director to receive a majority of the votes cast with respect to that director, further underscores Intel's focus on corporate governance and provides for a greater level of accountability of directors to stockholders.

Previously, directors were elected under a plurality vote standard, meaning the candidates receiving the most votes would win without regard to whether those votes constituted a majority of the shares voting at the meeting. Contested elections (where there are more nominees than directors to be elected) will continue to use the plurality vote standard.

Under the laws of Delaware, where Intel is incorporated, if an incumbent director is not elected, that director continues to serve as a "holdover director" until the director's successor is duly elected and qualified. To address this potential outcome, the board has also adopted a director resignation policy in the company's bylaws. If an incumbent director is not elected by a majority of the votes cast, the director shall offer his or her resignation to the board. The Corporate Governance and Nominating Committee would then make a recommendation to the board on whether to accept or reject the resignation, or whether other action should be taken. The board will publicly disclose its decision and the rationale behind it within 90 days of the certification of the election results.

The board also amended the company's bylaws to set a range for the number of directors at between 9 and 15 members and to provide that the range cannot be changed except by a vote of stockholders. The board currently has 11 members in accordance with the company's bylaws, and periodically reviews the appropriate size of the board. The amendment to the bylaws provides the board with limited flexibility to increase or decrease the size of the board within the range while providing stockholders greater control over any change outside of the range.

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom. Additional information on Intel's board of directors and corporate governance guidelines are available at intel.com.

Intel and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

--------------------------------------------------------------------------------
Source: Intel Corporation