Intel CEO Paul Otellini's decision to retire likely caught a lot of people off-guard, one of them being the company's own chairman of the board.
Speaking with Barron's yesterday, Intel Chairman Andy Bryant acknowledged that he and Otellini had talked in the past about transitioning the CEO job. But Otellini surprised him last week with the decision to retire next May.
"I did everything I can think of to buy myself another year [of Otellini's leaderhip]," Bryan said. "We were targeting further out for this."