Andrew Grove

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For the English fashion designer, see Andrew Groves.
Andrew Grove

Grove (left, together with Klaus Schwab), 1997
Born September 2, 1936 (1936-09-02) (age 71)
Budapest, Hungary
Occupation Senior advisor, former Chairman and CEO,
Intel Corporation

Andrew Stephen Grove (Hungarian: Gróf András István) (born on 02 September 1936) is a Hungarian-American businessman and scientist. He was one of the earliest employees of Intel Corporation and ultimately played key leadership roles in its success.

Contents

[edit] Biography

[edit] Early life and education

Grove was born to a middle-class Jewish family in Budapest, Hungary. Growing up, he was known to friends as "Andris". At the age of four, Andris was diagnosed with scarlet fever. The disease was nearly fatal, and while he survived, he suffered significant hearing loss as a result. During the Hungarian Revolution of 1956 he left his home and family under the cover of night and emigrated to the United States, arriving in New York City in 1957.[1] Grove and his wife Eva were married in 1958 and raised two daughters.

Grove earned a bachelor's degree in Chemical Engineering from the City College of New York in 1960, and earned the Ph.D. in Chemical Engineering from the University of California, Berkeley in 1963.

[edit] Career

Grove worked at Fairchild Semiconductor before becoming the third employee at the nascent Intel Corporation. He became Intel's president in 1979, its CEO in 1987, and its Chairman and CEO in 1997.

Grove is credited with having transformed Intel from a manufacturer of memory chips into one of the world's dominant producers of microprocessors. During his tenure as CEO, Grove oversaw a 4,500% increase in Intel's market capitalization from $18 billion to $197 billion, making it, at the time, the world's most valuable company.[2] He relinquished his CEO title in May 1998 and remained Chairman of the Board until November 2004. Grove continues his work at Intel as a senior advisor.

While Grove was, in fact, Intel's third employee, he received employee number four by clerical error. Leslie L. Vadász was hired by Andy Grove and received employee number three by virtue of the same clerical error.

Robert Noyce and Gordon E. Moore were the co-founders of Intel, along with six others who left Fairchild Semiconductor. Noyce claims to have been the catalyst of the group, and some suggest that the relaxed culture at Intel was a carryover from Noyce's style at Fairchild. Grove, on the other hand, was fiercely competitive, and he and the company became known for his guiding motto: "Only the paranoid survive". Noyce was essentially anti-competitive, even to the extent that, as Tom Wolf in "Hooking Up" points out, all spaces in the parking lot were fair game, first come, first served. This difference in styles reputedly caused some degree of friction between Noyce and Grove.

[edit] Honors and achievements

  • Strategic Management Society's Lifetime Achievement Award (2001) [3]
  • IEEE 2000 Medal of Honor (2000) [4]
  • Time Magazine's Man of the Year (1997) [5]
  • Industry Week's Technology Leader of the Year (1997) [6]
  • CEO magazine's CEO of the Year (1997) [7]
  • AEA Medal of Achievement award (1993)
  • IEEE Engineering Leadership Recognition award (1987) [8]
  • In 2006 he made a 26,000,000 USD donation to City College of New York, the largest donation ever made to that school.

[edit] Books

[edit] Books written by Andrew Grove

  • A. S. Grove (1967). Physics and Technology of Semiconductor Devices. Wiley. ISBN 0471329983. 
  • A. S. Grove (1988). One on One With Andy Grove. Penguin Putnam. ISBN 0140109358. 
  • A. S. Grove (1995). High Output Management. Random House. ISBN 0679762884. 
  • A. S. Grove (1996). Only the Paranoid Survive. Doubleday. ISBN 0385482582. 
  • A. S. Grove (2001). Swimming Across: A Memoir. ISBN 0446679704. 
  • Robert Burgelman and A. S. Grove (2001). Strategy Is Destiny: How Strategy-Making Shapes a Company's Future. ISBN 0684855542. 
  • Robert A. Burgelman, Andrew S. Grove and Philip E. Meza (2005). Strategic Dynamics: Concepts and Cases. McGraw-Hill/Irwin. ISBN 0073122653. 

[edit] Books about Andrew Grove

  • Tim Jackson (1998). Inside Intel: Andy Grove and the Rise of the World's Most Powerful Chip Company. Plume. ISBN 0452276438. 
  • Richard Tedlow (2006). Andy Grove. Penguin. ISBN 9781591841395. 

[edit] Quotes

  • "When TV first came, people tried to look at it as a radio with pictures. We're at the stage now where the Internet is TV with poor connections."
  • "A fundamental rule in technology says that whatever can be done will be done."
  • "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."
  • "Just as you would not permit a fellow employee to steal a piece of office equipment, you shouldn't let anyone walk away with the time of his fellow managers."
  • "Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite."
  • "You have to pretend you're 100 percent sure. You have to take action; you can't hesitate or hedge your bets. Anything less will condemn your efforts to failure."
  • "Technology happens, it's not good, it's not bad. Is steel good or bad?"
  • "It is easier to seek forgiveness than to ask permission."[citation needed]

[edit] References

  1. ^ Grove has recounted the tale of his early years, his escape from Hungary, and settling in New York with a new name and a new life in his memoir "Swimming Across."
  2. ^ Conde Nast Porfolio Executive Profiles. Portfolio.com. Retrieved on 2007-12-06.
  3. ^ Strategic Management Society - Home
  4. ^ IEEE Medal of Honor Recipients
  5. ^ TIME: Man Of The Year
  6. ^ IndustryWeek : 1997 Technology Leader of the Year
    Andy Grove: Building An Information Age Legacy
  7. ^ CEO OF THE YEAR 1997 | Articles | CEO Index
  8. ^ IEEE - Andrew S. Grove, 1936

[edit] External links

Business positions
Preceded by
Gordon Moore		 Intel CEO
1987–1998		 Succeeded by
Craig Barrett
Awards
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Time Persons of the Year

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Complete roster · 1927–1950 · 1951–1975 · 1976–2000 · 2001–present
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IEEE Medal of Honor
1976-2000

H. Earle Vaughan (1977) · Robert Noyce (1978) · Richard Bellman (1979) · William Shockley (1980) · Sidney Darlington (1981) · John Tukey (1982) · Nicolaas Bloembergen (1983) · Norman F. Ramsey (1984) · John Roy Whinnery (1985) · Jack Kilby (1986) · Paul Lauterbur (1987) · Calvin Quate (1988) · C. Kumar Patel (1989) · Robert G. Gallager (1990) · Leo Esaki (1991) · Amos E. Joel, Jr. (1992) · Karl Johan Åström (1993) · Alfred Y. Cho (1994) · Lotfi A. Zadeh (1995) · Robert Metcalfe (1996) · George H. Heilmeier (1997) · Donald Pederson (1998) · Charles Concordia (1999) · Andrew Grove (2000)
Complete roster: 1917–1925 · 1926–1950 · 1951–1975 · 1976–2000 · 2001–present
Persondata
NAME Grove, Andrew
ALTERNATIVE NAMES Gróf, András István
SHORT DESCRIPTION Co-founder of Intel
DATE OF BIRTH September 2, 1936
PLACE OF BIRTH Budapest, Hungary
DATE OF DEATH
PLACE OF DEATH