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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

CEO succession at 5 big tech

By
Michal Lev-Ram
Michal Lev-Ram
,
Brett Krasnove
Brett Krasnove
, and
Brett Krasnove
Brett Krasnove
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By
Michal Lev-Ram
Michal Lev-Ram
,
Brett Krasnove
Brett Krasnove
, and
Brett Krasnove
Brett Krasnove
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October 16, 2012, 6:24 AM ET
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Intel

The planned retirement of Intel's Sean Maloney in 2013 has ignited speculation over who might replace Paul Otellini, the firm's chief. Maloney, a charismatic 30-year Intel (INTC) vet, came back to run the company's $8 billion China business after surviving a massive stroke in 2010 and seemed the obvious candidate. The 56-year-old stepped down to spend time with family. As for Otellini, he became CEO in 2005 after a long stint at the chipmaker. But at 62, he now is close to the firm's mandatory retirement age of 65. COO Brian Krzanich, 52, seems a likely successor. (Otellini, Craig Barrett, and Andy Grove were all COO before taking the top job.) CFO Stacy Smith, 50, and chief product officer David "Dadi" Perlmutter are also possibilities. But Perlmutter, 58, will himself be close to retirement age by the time Otellini leaves.

Apple

Tim Cook
CEO of Apple (AAPL) since 2011 The operations whiz, 51, may eventually be succeeded by a younger, Jobsian visionary ... Scott Forstall
Senior VP, iOS ... like the 43-year-old mobile-software chief. He runs Apple's cash-cow iPhone business.

Microsoft

Steve Ballmer
CEO of Microsoft (MSFT) since 2000 Ballmer, 56, has been criticized for Microsoft's lackluster performance in handsets and search. Steven Sinofsky
President, Windows and Windows Live A smooth launch of Windows 8 could propel the 46-year-old.

Cisco Systems

John Chambers
CEO of Cisco (CSCO) since 1995 The 63-year-old chief recently said he may retire within the next four years. Robert Lloyd
EVP, Worldwide Operations Lloyd, 56, has hung in for two decades and is frequently named as a possible next in line.

Oracle

Larry Ellison
CEO of Oracle (ORCL) since 1977 After 3 1/2 decades, the feisty 68-yearold shows no signs of slowing down. Safra Catz
Co-President and CFO Does the veteran, 50, have the upper hand for succession over co-president Mark Hurd?
About the Authors
Michal Lev-Ram
By Michal Lev-RamSpecial Correspondent
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Michal Lev-Ram is a special correspondent covering the technology and entertainment sectors for Fortune, writing analysis and longform reporting.

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