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Old Fri, Jan-05-2018, 05:42:37 PM   #1
tenfifteen
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Default Intel design flaw and stock sale by CEO

Kind of big deal in enterprise IaaS right now. Any of you nerds having to deal with this presently? If you're not... how effed is this?

http://www.businessinsider.com/intel...ip-flaw-2018-1

Quote:
Intel CEO Brian Krzanich sold off a large portion of his stake in the company months after Google had informed the chipmaker of a significant security vulnerability in its flagship PC processors — but before the problem was publicly known.

The vulnerability, which affects processors from Intel, AMD, and ARM and could allow malicious actors to steal passwords and other secret data, became public this week. The disclosure has left processor makers and operating-system vendors including Intel and Microsoft scrambling to get on top of the story and patch their products.

But while the public is just being informed about the security problem, tech companies have known about it for months. In fact, Google informed Intel of the vulnerability in June, an Intel representative told Business Insider in a statement.

That means Intel was aware of the problem before Krzanich sold off a big chunk of his holdings. Intel's CEO saw a $24 million windfall November 29 through a combination of selling shares he owned outright and exercising stock options.

The stock sale raised eyebrows when it was disclosed, primarily because it left Krzanich with just 250,000 shares of Intel stock — the minimum the company requires him to hold under his employment agreement.
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Old Fri, Jan-05-2018, 05:57:48 PM   #2
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Default Re: Intel design flaw and stock sale by CEO

I saw a funny pic about this yesterday. It had the intel inside logo but changed to Intel Insider Trading
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Old Fri, Jan-05-2018, 05:59:26 PM   #3
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Default Re: Intel design flaw and stock sale by CEO

"He was just being smart"

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Old Fri, Jan-05-2018, 06:13:59 PM   #4
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Default Re: Intel design flaw and stock sale by CEO

AMD FTW?
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Old Fri, Jan-05-2018, 10:10:23 PM   #5
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Default Re: Intel design flaw and stock sale by CEO

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AMD FTW?
all the major chip makers affected
including those of you still sporting the latest iPhone 4 and 4S
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Old Fri, Jan-05-2018, 10:45:29 PM   #6
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Default Re: Intel design flaw and stock sale by CEO

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all the major chip makers affected
including those of you still sporting the latest iPhone 4 and 4S
While you're statement is technically correct, Intel is vastly more affected.
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Old Fri, Jan-05-2018, 10:57:25 PM   #7
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Default Re: Intel design flaw and stock sale by CEO

It clearly looks criminal. The stock price has been pretty much the same since then, but he's still guilty in my eyes.
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Old Fri, Jan-05-2018, 11:04:06 PM   #8
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Default Re: Intel design flaw and stock sale by CEO

nvdia FTW

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AMD FTW?
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Old Sat, Jan-06-2018, 01:12:10 AM   #9
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Default Re: Intel design flaw and stock sale by CEO

Cyrix gonna make a comeback IMO.
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Old Sat, Jan-06-2018, 02:46:24 AM   #10
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Default Re: Intel design flaw and stock sale by CEO

How can this be. CEOs are trickling down all the goodness.
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Discussing Intel design flaw and stock sale by CEO in the Off Topic Forum - Place to discuss this and that. Note: We also have "request to join" forums: Guns and Fitness.
(Threads/posts inside may contain material that is NSFW / offensive) at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)