Grove Tapped as Time's Man of the Year
- 24 December, 1997 22:00
Andrew S. Grove, chairman and CEO of Intel Corp., has been anointed Time Magazine's Man of the Year. Time cited Grove "as the person most responsible for the amazing growth in the power and innovative potential of microchips."
Grove is one of the few captains of the industry to receive the 70-year-old honor. Most of the individuals who have been recognized by the news magazine have been heads of state, although in 1983, Time selected "The Computer" for its annual honor.
Perhaps conspicuous in his absence is Microsoft Corp. CEO Bill Gates. Time has been presenting Man of the Year awards since 1927, when it cited aviator Charles A. Lindberg for the honor.
Time said Grove has pushed Intel with "paranoiac obsession" to become a company that now makes nearly 90 percent of the world's personal computer microprocessors, with $5.1 billion in annual profits. Grove, said Time, has also made "real the defining law of the digital age: the prediction by his friend and Intel co-founder Gordon Moore that microchips would double in power and halve in price every 18 months or so."
Grove also was honored earlier this year by Computerworld, when he received a lifetime achievement award during the Ninth Annual Computerworld Smithsonian Awards in Washington.