Intel Chief Executive and San Francisco native Paul Otellini is not happy with the direction of his home state and worries that it could go the way of Greece.
Speaking on stage this week at the Intel Capital Global Summit in Huntington Beach, Calif., an annual gathering for executives of companies that Intel has invested in, Otellini was responding to a question from former California Republican Congressman Tom Campbell on whether he was “bullish” on California.
“Oh, God,” Otellini said, “I was born and raised here. I’m fifth or sixth generation. It’s one of the nicest pieces of real estate on the planet, and we’re so close to screwing it up, it’s pathetic. I’d like to be bullish, but I worry that we have to hit the abyss before we can fix things, and I worry that the abyss will be more like Greece.”
To read the full, original article click on this link: Intel Chief Executive Paul Otellini Sees California on a Downhill Slide, Worries State Will Hit Abyss 'More Like Greece' - Venture Capital Dispatch - WSJ
