4 ms·

This coming not even one month after the CEO of Intel, Brian Krzanich, resigned after violating that company's code of conduct by having an undisclosed relation

This coming not even one month after the CEO of Intel, Brian Krzanich, resigned after violating that company's code of conduct by having an undisclosed relationship with an employee. Similar to Brian Crutcher at TI, he too had been at the company for more than 20 years and worked his way up to CEO. https://www.nytimes.com/2018/06/21/technology/intel-ceo-resigns-consensual-relationship.html https://www.nytimes.com/2018/06/21/technology/intel-ceo-resi...

RachelF 8y ago
CEO of Intel, Brian Krzanich sold $24M of his Intel shares when he heard about Spectre, but before Intel made it public to stockholders. The Intel "inside" was Insider Trading.
- dcow 8y ago
  I was under the impression this was a "regular" scheduled sale and had been planed months before anyone knew anything about Spectre.
  - williamscales 8y ago
    When execs sell stock it's done according to a schedule done in advance. In this case, after learning of these vulnerabilities he changed his plan to be that he would sell a huge chunk of shares in a month (but still well before the public knew). So technically complied and very hard to prove insider trading, but come on. As CEO he's required to hold a certain number of shares and he sold everything except what he was required to maintain.
    - phil21 8y ago
      I'm not usually that guy asking for sources - but I was under the impression that was a lower level executive who did that, not the CEO. As far as I know the CEO has been cleared by the SEC? I spent 2 whole minutes googling, but all the articles for "Intel CEO insider trading" come up from January and are simple speculation. Since the Raj Rajaratnam verdict already came down[0], I'd assume by now the CEO would have been at least indicted. [0] https://www.mercurynews.com/2012/09/24/former-intel-exec-avoids-prison-in-insider-trading-scandal-after-testifying-against-friend/ https://www.mercurynews.com/2012/09/24/former-intel-exec-avo...
      - eschutte2 8y ago
        Here are the Form 4s - the 12/1/17 sale must be the one in question. It looks like he exercised a bunch of options at that time. Regardless, it doesn't look like he benefitted from it. https://www.secform4.com/insider-trading/1538580.htm https://www.secform4.com/insider-trading/1538580.htm

RachelF 8y ago

CEO of Intel, Brian Krzanich sold $24M of his Intel shares when he heard about Spectre, but before Intel made it public to stockholders. The Intel "inside" was Insider Trading.

dcow 8y ago
I was under the impression this was a "regular" scheduled sale and had been planed months before anyone knew anything about Spectre.
- williamscales 8y ago
  When execs sell stock it's done according to a schedule done in advance. In this case, after learning of these vulnerabilities he changed his plan to be that he would sell a huge chunk of shares in a month (but still well before the public knew). So technically complied and very hard to prove insider trading, but come on. As CEO he's required to hold a certain number of shares and he sold everything except what he was required to maintain.
  - phil21 8y ago
    I'm not usually that guy asking for sources - but I was under the impression that was a lower level executive who did that, not the CEO. As far as I know the CEO has been cleared by the SEC? I spent 2 whole minutes googling, but all the articles for "Intel CEO insider trading" come up from January and are simple speculation. Since the Raj Rajaratnam verdict already came down[0], I'd assume by now the CEO would have been at least indicted. [0] https://www.mercurynews.com/2012/09/24/former-intel-exec-avoids-prison-in-insider-trading-scandal-after-testifying-against-friend/ https://www.mercurynews.com/2012/09/24/former-intel-exec-avo...
    - eschutte2 8y ago
      Here are the Form 4s - the 12/1/17 sale must be the one in question. It looks like he exercised a bunch of options at that time. Regardless, it doesn't look like he benefitted from it. https://www.secform4.com/insider-trading/1538580.htm https://www.secform4.com/insider-trading/1538580.htm