A Computer hardware and components forum. ComputerBanter.com

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » ComputerBanter.com forum » General Hardware & Peripherals » General
Site Map Home Authors List Search Today's Posts Mark Forums Read Web Partners

{OT}" US senators call for probe into Intel CEO's stock dump"



 
 
Thread Tools Display Modes
  #1  
Old January 10th 18, 03:53 PM posted to alt.comp.hardware
Yrrah[_4_]
external usenet poster
 
Posts: 33
Default {OT}" US senators call for probe into Intel CEO's stock dump"

The author has marked this message not to be archived. This post will be deleted on January 24, 2018.

"TWO US SENATORS have called for federal regulators to open an
investigation into the sale of Intel stock by CEO Brian Krzanich,
which was held before the company disclosed the Meltdown and Spectre
security flaws. The sale earned Krzanich $25m.
In a letter to the Securities and Exchange Commission (SEC) and
Justice Department, Jack Reed (D - Rhode Island) and John Kennedy (R -
Louisiana) said that they were "troubled" by the sale.
The move, which was allegedly held while Intel knew about the
vulnerabilities, left Krzanich with just 250,000 shares - the bare
minimum required by Intel under the terms of his employment.
Intel said that the sale was made as part of an automated trading
programme. Previously, a spokesperson said that they were pre-planned
and unrelated to the discovery of the Spectre and Meltdown flaws -
although Google shared news about them in June, and the sale was only
arranged in October.
Intel has said that it will cooperate with any investigation.(...)"
Article:
https://www.theinquirer.net/inquirer/news/3024134/us-senators-call-for-probe-into-intel-ceos-stock-dump-before-meltdown-disclosure

An earlier article:
"Intel CEO Brian Krzanich sold off $24 million worth of stock and
options in the company in late November.
The stock sale came after Intel was informed (...) of a
significant vulnerability in its chips - a flaw that only became
public this week.
Intel says the stock sale was unrelated to the vulnerability, but
came as part of a planned divestiture program. But Krzanich put that
stock sale plan in place in October - several months after Intel was
informed of the vulnerability.(...)"
https://www.businessinsider.nl/intel-ceo-krzanich-sold-shares-after-company-was-informed-of-chip-flaw-2018-1/?international=true&r=US

Corporate gangsters!


Yrrah
 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
USB bootable maker: Diff between "HP Drive Key Boot Utility" and "HP USB Disk Storage Format Tool"? Jason Stacy Storage (alt) 1 April 21st 09 01:14 AM
"true life" vs. "anti-glare" of Vostro 1500: What are the brightness & contrast ratios??? Thomas G. Marshall Dell Computers 1 April 11th 08 10:47 PM
OT Bill Gates tells senators "we need more foreign programmers to remain competitive" John Doe Homebuilt PC's 63 April 10th 06 04:31 AM


All times are GMT +1. The time now is 10:39 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright 2004-2018 ComputerBanter.com.
The comments are property of their posters.