It was a dramatic start to the week in the corporate world, with Intel confirming that its corridors of power are set for a radical re-shape in 2013, after company CEO Paul Otellini announced he would be stepping down in May 2013 following nearly 40 years at the computing giant. The 62-year-old Otellini has been CEO of the US chip manufacturer for the last eight years and ranks as only the fifth head honcho in the firm's 45 year history. The company is now considering his replacement, with the likes of software chief Renee James, COO Brian Krzanich, and CFO Stacy Smith thought to head the short list. The latter is an early favourite for the prestigious post amongst analyst types due to her familiarity with Wall Street.
Meanwhile, Fortune magazine has published its 2012 Businessperson of the Year rundown, and unsurprisingly big names in the tech world populate the higher echelons of the list. In a victory for Amazon over the likes of Apple and Google, it is the online retailer’s CEO Jeff Bezos who tops the pile, pipping Tim Cook who sits second, and Larry Page who lags behind in sixth. "With Steve [Jobs’] passing, Bezos is the epitome of the venture-backed CEO," says venture capitalist Bill Gurley, adding that "if you were to ask 100 startup entrepreneurs who the CEO is they admire most, he would show up on 95 of the ballots." High praise indeed; follow the link to see what has earned Bezos so many admirers this year.
In gaming, the Wii U officially launched today in the US ahead of its release in the UK on 30 November. The console, considered the first major new games platform since 2006, went on sale at midnight in the US and has already sold out. But not everything is rosy as many customers have slammed the device for its lengthy set up process taking several hours. To add insult to injury, key features like TVii and Miiverse are either not working or unavailable. Click the link for more
Troubled electronics retailer Comet is having a devil of a time as its current administrator, Deloitte, confirmed that 41 of its 236 will be closed by the end of the month. This move could leave 1,000 Comet employees without a job, though the administrator has promised that it will try to "redeploy" as many of the personnel as possible. That being said, consumers will be more interested in the slew of "closing down sales" that will be coming to affected stores this week. What’s more, the remaining 195 stores will be given even larger discounts during Comet's continued liquidation sales.
Elsewhere, Greenpeace has released the latest edition of its "Guide to Greener Electronics," which ranks the environmental policies and practices of 16 technology companies. Top of the pile comes Wipro, an Indian outsourcing firm, with a rating of 7.1 out of 10, which was earned in no small part by the use of renewable energy sources. Former number one HP comes in second place with 5.7, and is swiftly followed by Nokia, with 5.4. Apple, which received some criticism for its temporary snub of the EPEAT certification earlier this year, resides in sixth, having fallen two places since the publication of last year's guide. BlackBerry producer RIM came in bottom place, with a meagre score of 2.0.
Finally, as the world's population grows and demographic shifts push more and more people towards cities, urban areas will have to implement clever strategies to effectively deal with the consequent rise in demand for space and resources. Enter smart cities, a concept through which mega-cities can use increasingly sophisticated technology to adopt more efficient approaches to infrastructure, congestion, and pollution. In his exploration of the future of urban living, Jamie Carter examines what exactly it means to be a smart city. Click on for his rundown, including a closer look at the ongoing development project in the South Korean city of New Songdo.