Intel Elects Barbara G. Novick to Board of Directors

[TheLostSwede]

Intel Corporation today announced that Barbara G. Novick, co-founder and senior advisor at BlackRock Inc., was elected to its board of directors, effective Dec. 1, 2022. Novick will serve as an independent director and join the board's Audit & Finance and Compensation committees. "As co-founder and leader of one of the world's most successful investment firms, Barbara brings a unique perspective to Intel's board," said Omar Ishrak, chairman of the Intel board. "With her deep experience in investment and finance as well as broad business acumen, Barbara will be a strong advocate for the interests of our stockholders as Intel continues its transformation."

Novick, 62, co-founded BlackRock in 1988 and continued as its vice chairman until February 2021, when she transitioned to senior advisor. In 2009, she established BlackRock's Global Government Relations and Public Policy Group to provide a voice for investors, which she headed until 2021; and from 2018 to 2020, she additionally oversaw BlackRock's Global Investment Stewardship team.




"With its compelling IDM 2.0 strategy, vision and drive, Intel is in a position to capitalize on a tremendous opportunity as the world becomes ever more digital," said Novick. "I am excited to join the board of directors and do my part to help the company transform for long-term success and unlock value for all its stockholders."

Novick has served since 2021 on boards of directors of New York Life Insurance Co., a mutual insurance company, and American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing by American banks and financial institutions. She also serves on the boards of the Peterson Institute for International Economics, 100 Women in Finance, Committee on Capital Markets Regulation, and the Millstein Center for Global Markets and Corporate Ownership, and on the advisory boards of Growth Curve Capital and the Center for Financial Stability. She previously served on the boards of Cornell University from 2012 to 2020 and the Investment Company Institute from 2015 to 2021.

Novick earned a Bachelor of Arts, cum laude, in economics from Cornell University. She has authored numerous articles on asset management and public policy issues and over her career has received numerous awards and accolades, including Barron's 100 Most Influential Women in U.S. Finance in 2020.

View at TechPowerUp Main Site | Source

 

[claes]

Co-founder if BlackRock was all I needed to see

 

[TheinsanegamerN]

"In 2009, she established BlackRock's Global Government Relations and Public Policy Group"

Oh, she's one of those clowns that brought us ESG and insists that social issues get jackhammered into literally every public company and western government on earth.

Clearly this is what intel needed.

BRB, buying some AMD stock.

 

[zlobby]

An investor on the board! What could possibly go wrong? /s

 

[bonehead123]

translation:

A good finance person, but absolutely clueless when it comes to technology and its role & effect on society/mankind as a whole

"BRB, buying some (MOAR) AMD stock"

Yup, me 2 !

IMO this is like saying that we need ANUTHA rich, self-serving, pretentious, greedy, arrognant-assed lawyer in the US Congress/Senate etc...

 

[claes]

"In 2009, she established BlackRock's Global Government Relations and Public Policy Group"

Oh, she's one of those clowns that brought us ESG and insists that social issues get jackhammered into literally every public company and western government on earth.

Clearly this is what intel needed.

BRB, buying some AMD stock.

I actually meant this in the opposite sense, in the BlackRock are opportunists that use “social investment” as a way to wash over the fact that they could give two f’s about the outcomes of their investments towards consumers (no surprise), and are heavily invested in militarization, but whatever

 

[Deleted member 177333]

Co-founder if BlackRock was all I needed to see

Yep. Disgusting company.

 

[MentalAcetylide]

More money, prestige, and philanthropy(in the order of greatest to least importance) is the expected credo of these individuals. Nevertheless, most of what they do all evolves around gaining money since without it, their prestige and philanthropy would dry up.

I actually meant this in the opposite sense, in the BlackRock are opportunists that use “social investment” as a way to wash over the fact that they could give two f’s about the outcomes of their investments towards consumers (no surprise), and are heavily invested in militarization, but whatever

I wouldn't necessarily say that. The problem is that when things end up tanking, it really doesn't affect them since losing a few tens of millions to them is like one of us losing a few pennies from a hole in our pocket. And that's only when they get blindsided and can't migrate/exchange their assets to avoid losses. They literally have so much money & diversity in their financial portfolio that whatever they do lose in a few sectors of the market isn't enough to reduce the rate of growth with their wealth. Hence, they do care about their investment outcomes, but just not about the people they step on to get the wealth.

 

[beedoo]

Yes, this is a little toungue-in-cheek humour; of course we wish her all the best

 

[claes]

Bad cover for sexism, worse take.

 

[Why_Me]

But why?

 

[claes]

Because she’s filthy rich and has great investment and PR acumen?

 

[sepheronx]

Because she’s filthy rich and has great investment and PR acumen?

She worked for Blackrock. If the human soul exists, she wouldn't have one. If a soul is earned, I highly doubt she earned one.

One doesn't get rich by being good, or honest. We know the history of all these oligarchs and I'm surprised people still fall for their cheap words. Always a fool somewhere.

 

[claes]

…have you read my posts in this thread? Please don’t call me a fool when I beat you to the punch.

 

[sepheronx]

…have you read my posts in this thread? Please don’t call me a fool when I beat you to the punch.

I'm not calling you a fool actually. Just saying there are.

You read far too much into something and assume something is there when it's not.

I do generally agree with your view regarding Blackrock. But remember, there are people who defend this in the name of [insert "the message" here]. That shit flies and people fall for it. I should have emphasized.

 

[claes]

I mean, you did, and then didn’t apologize, but okay. No need to quote me next time when your post immediately follows unless you are addressing my claims specifically.

 

[sepheronx]

I mean, you did, and then didn’t apologize, but okay. No need to quote me next time when your post immediately follows unless you are addressing my claims specifically.

I'll do as I please, thank you.

Fool

But I'll remember next time so I don't hurt your feelings.

 

[claes]

Okay lol

 

[Fishymachine]

Just as Intel was recovering from the 14nm+++++ era, they brought not just an exec, but the co-founder of BlackRock?
At least TPU gave here the homecoming anyone involved in that plight on humanity deserves

 

[Matex]

yeah... black rock is all what Intel needs inside the company

BlackRock - The company that owns the world? - YouTube

 

[zlobby]

yeah... black rock is all what Intel needs inside the company

BlackRock - The company that owns the world? - YouTube

He, who controls the chips, controls the world.

And features-as-DLC are the least bad part. Built-in backdoors and other methods of control being the ultimate weapon. I mean, when you have so much power and money, why stop there? After all, who is going to stop you?

 

[R-T-B]

She worked for Blackrock. If the human soul exists, she wouldn't have one. If a soul is earned, I highly doubt she earned one.

One doesn't get rich by being good, or honest. We know the history of all these oligarchs and I'm surprised people still fall for their cheap words. Always a fool somewhere.

You seem to think that matters on the board of directors.

 

[sepheronx]

You seem to think that matters on the board of directors.

No, I know one has to be evil to be on board of directors.

 

[Prima.Vera]

Isn't this a career downgrade for her? Or it's just bought to use Aladdin resources to better get a vision for Intel's investors and clients?
This is shady af. But then again the "Conflict of Interests" never was an obstacle for BlackRock.

 

[zlobby]

Isn't this a career downgrade for her? Or it's just bought to use Aladdin resources to better get a vision for Intel's investors and clients?
This is shady af. But then again the "Conflict of Interests" never was an obstacle for BlackRock.

Intel and BlackRock are made for each other.