Andy Grove coins his own law

After 47 years at Intel, Andy Grove retired today at the Intel shareholders' meeting, but not without a few parting shots.

After a lengthy introduction, in which the speaker citied Machiavelli, Grove asked the shareholders, "Would someone bring a resolution from the floor that Andy Grove will hereinafter be called the Prince?"

Later he announced his own technology law. "For years and years I have wanted to have a law named after me. Call it a case of Moore envy," he said. "And this is it. Technology will always win. You can delay technology by legal interference, but technology will flow around legal barriers."

Grove came to the U.S. as a refugee from Hungary (via a quick stop in Austria). After graduate school at UC Berkeley, he joined Fairchild and then Intel, as its fourth employee. Besides serving as CEO and Chairman at Intel, he has written a number of books, including "Only the Paranoid Survive."