Intel CEO Sold Off $24M in Stock After Google Reported Chip Vulnerability

[Bot]

Intel’s CEO Brian Krzanich sold off no less than $24 million in company stock in late November in a move that took many by surprise, mostly because this left the executive with only 250,000 shares, which is the minimum required by the firm as part of the employment agreement.

The controversy around this unexpected sell-off is fueled today by the revelations of a major vulnerability affecting Intel chips,which makes it possible for malicious actors to steal passwords and other sensitive data from any computer powered by Intel hardware.

Google had discovered the security flaw and reported it to Intel in June last year, only a few months before the company’s CEO took the decision to sell off the shares.

Read more: Intel CEO Sold Off $24M in Stock After Google Reported Chip Vulnerability

 

[n0k0m3]

Nothing shady at all, just CEO selling their stock in large volume /s
Totally not related to the vulnerability

 

[Entreri]

Everything is fine nothing to see here. And the Intel CEO tried to take down AMD yesterday, lol.

This guy is good, almost as good as the AT&T CEO. Yes, we will hire more people after tax cuts and net neutrality being repealed. Oops, mass layoff.

Repubs and Dems paid and bought.

I hope at least the Donald will become a true billionaire after being the Dear Leader with the largest button in history.

 

[Kubla]

For Intel to try and save face he already knows he will be asked to step down over the vulnerability, one he probably knew existed a long time, and pre-planned his stock sell off upon its revelation so he could laugh all the way to the bank.

 

[ForgottenSeer 58943]

For Intel to try and save face he already knows he will be asked to step down over the vulnerability, one he probably knew existed a long time, and pre-planned his stock sell off upon its revelation so he could laugh all the way to the bank.

That's exactly what he did - he had advanced knowledge and there is talk Intel knew about this and in fact, was purposeful in it. Think about it, no engineer on the face of the planet involved with IT Security/Assessment would have allowed this gaping hole to exist. You don't even need to be a conspiracy nut to realize that this security hole was absolutely known about in the design phase, especially after the Ring-2 AND the IME which the NSA had Intel build an 'off switch' for.

Bottom line, Intel sold everyone out, possibly at the behest of the intelligence community.

So the Russian's are still the bad guys and Kaspersky is a risk to your security? Hardly.. Everyone can see the bad guys right in front of them now.

 

[Deleted member 178]

That is just common (insider) trading, in the high circles of tradings, they all do that all the time.

You have shares, you "accidentally" learn they may lose value because of incoming bad news, you sell them...it is human reaction. Now he wasn't very smart to sell them all at same time...