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Breaking News
posted by chromas on Thursday June 21 2018, @04:01PM   Printer-friendly
from the what-color-is-his-parachute? dept.

Intel CEO, Brian Krzanich, has resigned because of a "a violation of Intel's non-fraternisation policy". The BBC reports:

Chipmaker Intel has announced that its chief executive, Brian Krzanich, is stepping down with immediate effect because of "a violation of Intel's non-fraternisation policy".

[...] Intel said an inquiry had revealed that Mr Krzanich had had a consensual relationship with an Intel employee, which was against company rules.

His successor has been named as Robert Swan, currently the company's chief financial officer.

The company said the relevant policy applied to all managers.

"Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr Krzanich's resignation."

The Register reports:

Intel chief exec Brian Krzanich has quit after his "consensual relationship" with an employee came to light.

Staff flings are frowned upon in US corporate tech world, and against Intel company policy. In a statement within the past hour, the chip maker said:

Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee. An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers. Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr. Krzanich's resignation.

Krzanich – who has two daughters with wife Brandee – will be replaced by interim CEO Bob Swan, who is otherwise the chief financial officer and an exec veep.

"The board believes strongly in Intel's strategy and we are confident in Bob Swan's ability to lead the company as we conduct a robust search for our next CEO," said Intel chairman Andy Bryant in a statement.

Also at c|net and Intel.

How will this affect Intel's competitive efforts with respect to AMD, ARM, and Nvidia?


Original Submission

Related Stories

Intel's Interim CEO Robert Swan Becomes Full-Time CEO 10 comments

Robert Swan Named CEO of Intel

Intel today announced that its board of directors had named Robert Swan, its CFO and interim CEO, as full-time chief executive officer. Mr. Swan will be the company's first CEO with financial background. As the head of the company, Mr. Swan will continue Intel's transformation from a PC-centric to a data-centric company with a focus on improving execution and aggressive capturing addressable markets using ambitious technologies.

Robert Swan (58) becomes chief exec of Intel at a rather interesting, yet challenging time. The world is at a strategical inflection point when multiple technologies have to converge in a bid to enable the next phase of industrial and social development. To stay relevant, Intel not only needs to retain its leading position as a developer and maker of CPUs and compute platforms, but also gain new important competencies. Meanwhile, the company is facing multiple challenges. Its traditional rivals are getting stronger (partly because they are forming alliances) and new competitors are emerging. In the meantime, Intel's leadership in semiconductor production is now challenged and many of its opponents have certain advantages.

Previously: Intel CEO Brian Krzanich Quits after Fling with Coworker Revealed
AMD Responds to Radeon VII Short Supply Rumors


Original Submission

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  • (Score: 3, Interesting) by JoeMerchant on Thursday June 21 2018, @04:05PM (10 children)

    by JoeMerchant (3937) on Thursday June 21 2018, @04:05PM (#696240)

    I watched our small-time CEO take a $4M golden parachute after the "options backdating scandal" blew through... he was just over 50 and I suspect he was looking for a way to step out at that moment anyway.

    --
    🌻🌻 [google.com]
    • (Score: 4, Insightful) by c0lo on Thursday June 21 2018, @04:30PM (9 children)

      by c0lo (156) Subscriber Badge on Thursday June 21 2018, @04:30PM (#696263) Journal

      Ready for retirement anyway?

      With Meltdown/Spectre on the pipeline for a while, what better time to take a break before the stock value erodes too much?

      --
      https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
      • (Score: 2, Informative) by Anonymous Coward on Thursday June 21 2018, @04:34PM (7 children)

        by Anonymous Coward on Thursday June 21 2018, @04:34PM (#696267)
        • (Score: 2) by JoeMerchant on Thursday June 21 2018, @04:38PM (6 children)

          by JoeMerchant (3937) on Thursday June 21 2018, @04:38PM (#696274)

          Hit the public's common knowledge. Can we get some side bets on how much earlier the CEO of Intel knew about these things?

          --
          🌻🌻 [google.com]
          • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @04:41PM (4 children)

            by Anonymous Coward on Thursday June 21 2018, @04:41PM (#696279)

            I'd say 100% he knew but all he needs is plausible deniability. The SEC are very careful about prosecuting insider trading because it's how the stock market works.

            • (Score: 3, Interesting) by takyon on Thursday June 21 2018, @04:48PM (3 children)

              by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Thursday June 21 2018, @04:48PM (#696283) Journal

              Nevar forget:

              https://arstechnica.com/information-technology/2018/01/intel-ceos-sale-of-stock-just-before-security-bug-reveal-raises-questions/ [arstechnica.com]

              Brian Krzanich, chief executive officer of Intel, sold millions of dollars' worth of Intel stock—all he could part with under corporate bylaws—after Intel learned of Meltdown and Spectre, two related families of security flaws in Intel processors.

              While an Intel spokesperson told CBS Marketwatch reporter Jeremy Owens that the trades were "unrelated" to the security revelations, and Intel financial filings showed that the stock sales were previously scheduled, Krzanich scheduled those sales on October 30. That's a full five months after researchers informed Intel of the vulnerabilities. And Intel has offered no further explanation of why Krzanich abruptly sold off all the stock he was permitted to.

              --
              [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
              • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @06:27PM (2 children)

                by Anonymous Coward on Thursday June 21 2018, @06:27PM (#696340)

                You are complaining that he sold at ~$35 a share, and today, less than a year later, it's at $52.

                Seriously. Who's worse at math you, or him?

                • (Score: 2) by takyon on Thursday June 21 2018, @08:49PM

                  by takyon (881) <reversethis-{gro ... s} {ta} {noykat}> on Thursday June 21 2018, @08:49PM (#696387) Journal

                  That's not math, that's prognostication.

                  I would continue to complain about Krzanich, but he is crawling into his mansion now.

                  --
                  [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
                • (Score: 0) by Anonymous Coward on Friday June 22 2018, @02:42AM

                  by Anonymous Coward on Friday June 22 2018, @02:42AM (#696556)
                  It's not about math. It's about insider trading.

                  Whether you make or lose money doesn't determine whether it is insider trading or not.
          • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @06:39PM

            by Anonymous Coward on Thursday June 21 2018, @06:39PM (#696345)

            At least 2015 because one of the bugs was mentioned in a thesis that year (although it was never officially confirmed if it's "the same" bug).

      • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @10:23PM

        by Anonymous Coward on Thursday June 21 2018, @10:23PM (#696427)

        My guess is they 'found' a reason for him to go. Basically the specter thing is a dumpster fire that is still ragging. He made it amazing worse by bringing the SEC into it.

  • (Score: 4, Insightful) by Runaway1956 on Thursday June 21 2018, @04:07PM (43 children)

    by Runaway1956 (2926) Subscriber Badge on Thursday June 21 2018, @04:07PM (#696242) Journal

    Dude could have boned any woman in America, and it would have been fine, AS LONG AS IT WASN'T A FELLOW EMPLOYEE?!?!?!

    Seriously, it's none of the company's business. Only if the affair was non-consensual would it become the company's business. If the woman in question were his immediate subordinate, then there might be some ethics issues to consider. But fraternization rules are just authoritarian bullshit.

    • (Score: 5, Insightful) by Freeman on Thursday June 21 2018, @04:10PM (9 children)

      by Freeman (732) on Thursday June 21 2018, @04:10PM (#696245) Journal

      He was the CEO. He could have fired anyone he well pleased. It was definitely not a good idea for him to have a relationship with anyone in the company.

      --
      Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
      • (Score: 4, Funny) by c0lo on Thursday June 21 2018, @04:25PM (2 children)

        by c0lo (156) Subscriber Badge on Thursday June 21 2018, @04:25PM (#696257) Journal

        It was definitely not a good idea for him to have a relationship with anyone in the company.

        Agreed. Even work relationships are risky when you are a CEO - better not have any. (grin)

        --
        https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
        • (Score: 2) by Phoenix666 on Thursday June 21 2018, @05:17PM (1 child)

          by Phoenix666 (552) on Thursday June 21 2018, @05:17PM (#696296) Journal

          Bill Gates married one of his employees.

          --
          Washington DC delenda est.
          • (Score: 2) by frojack on Thursday June 21 2018, @09:32PM

            by frojack (1554) on Thursday June 21 2018, @09:32PM (#696410) Journal

            She had the goods on him. Knew where the bodies were buried, and buried some of them herself.

            It was just his way of self preservation.

            --
            No, you are mistaken. I've always had this sig.
      • (Score: 2) by JoeMerchant on Thursday June 21 2018, @04:29PM (1 child)

        by JoeMerchant (3937) on Thursday June 21 2018, @04:29PM (#696260)

        He could have fired anyone he well pleased

        Not as easily as you make it sound. Yes, he has the power, but these things have to be done delicately, without stating illegal causes.

        --
        🌻🌻 [google.com]
        • (Score: 3, Insightful) by DannyB on Thursday June 21 2018, @06:34PM

          by DannyB (5839) Subscriber Badge on Thursday June 21 2018, @06:34PM (#696342) Journal

          these things have to be done delicately

          It seems like the Wicked Witch of the West said that. [youtube.com]

          No surprise it would also be true in the corporate world.

          --
          People today are educated enough to repeat what they are taught but not to question what they are taught.
      • (Score: 3, Insightful) by DeathMonkey on Thursday June 21 2018, @05:29PM (3 children)

        by DeathMonkey (1380) on Thursday June 21 2018, @05:29PM (#696305) Journal

        He was the CEO. He could have fired anyone he well pleased. It was definitely not a good idea for him to have a relationship with anyone in the company.

        That bigger paycheck comes with bigger responsibilities and limitations. A lower level manager hooking up with someone outside their department would probably be fine. The freaking CEO should know better!

        • (Score: 2) by DannyB on Thursday June 21 2018, @06:36PM (2 children)

          by DannyB (5839) Subscriber Badge on Thursday June 21 2018, @06:36PM (#696343) Journal

          That bigger paycheck comes with bigger responsibilities and limitations.

          I wonder if the president knows that?

          --
          People today are educated enough to repeat what they are taught but not to question what they are taught.
          • (Score: 2) by Freeman on Tuesday June 26 2018, @07:07PM (1 child)

            by Freeman (732) on Tuesday June 26 2018, @07:07PM (#698918) Journal

            Just ask Bill Clinton.

            --
            Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
            • (Score: 2) by DannyB on Tuesday June 26 2018, @07:22PM

              by DannyB (5839) Subscriber Badge on Tuesday June 26 2018, @07:22PM (#698925) Journal

              I suspect Bill Clinton knows the answer, but ignores it.

              I am convinced Trump has no awareness of this and many other things that he should know.

              Which is worse? I don't know.

              --
              People today are educated enough to repeat what they are taught but not to question what they are taught.
    • (Score: 0, Funny) by Anonymous Coward on Thursday June 21 2018, @04:12PM (5 children)

      by Anonymous Coward on Thursday June 21 2018, @04:12PM (#696248)

      Dude could have boned any woman in America, and it would have been fine, AS LONG AS IT WASN'T A FELLOW EMPLOYEE?!?!?!

      Seriously, it's none of the company's business. Only if the affair was non-consensual would it become the company's business. If the woman in question were his immediate subordinate, then there might be some ethics issues to consider. But fraternization rules are just authoritarian bullshit.

      Er... where in the articles does it say that the employee was a woman?

      • (Score: 5, Funny) by Anonymous Coward on Thursday June 21 2018, @04:30PM (4 children)

        by Anonymous Coward on Thursday June 21 2018, @04:30PM (#696262)

        Er... where in the articles does it say that the employee was a woman?

        Of all the half million genders to choose from, he chooses the one that is most likely in 90% of human relationships. What a bigot.

        • (Score: 4, Funny) by DannyB on Thursday June 21 2018, @06:38PM (3 children)

          by DannyB (5839) Subscriber Badge on Thursday June 21 2018, @06:38PM (#696344) Journal

          The last I knew, there were only 87 (or 89?) genders. Very limiting. Just too limiting.

          --
          People today are educated enough to repeat what they are taught but not to question what they are taught.
          • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @06:56PM (1 child)

            by Anonymous Coward on Thursday June 21 2018, @06:56PM (#696357)

            Tab "A" fits in slot "B". There... That's all you need for Sex Ed.

            • (Score: 2) by DannyB on Thursday June 21 2018, @07:07PM

              by DannyB (5839) Subscriber Badge on Thursday June 21 2018, @07:07PM (#696368) Journal

              A mature adult would not try to discriminate against people and be so limiting on their choice of gender. I can only say . . .

              Waaaaaaaaaaaaah! Waaaaaaaaaaaaaaaaaaaaaaaaah!

              (sniff)

              WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHH!

              --
              People today are educated enough to repeat what they are taught but not to question what they are taught.
          • (Score: 2) by inertnet on Thursday June 21 2018, @08:15PM

            by inertnet (4071) on Thursday June 21 2018, @08:15PM (#696382) Journal

            That was three hours ago, so there must be some more already.

    • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @04:13PM (3 children)

      by Anonymous Coward on Thursday June 21 2018, @04:13PM (#696250)

      > ... any woman in America...

      ...any woman.

      FTFY. Intel is a multi-national, there is a big world of women out there.

      • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @04:19PM

        by Anonymous Coward on Thursday June 21 2018, @04:19PM (#696254)

        *any man, woman, or child

      • (Score: 5, Funny) by Runaway1956 on Thursday June 21 2018, @04:41PM

        by Runaway1956 (2926) Subscriber Badge on Thursday June 21 2018, @04:41PM (#696278) Journal

        Yes, but in 'Murica there is a world of big women.

      • (Score: 0) by Anonymous Coward on Friday June 22 2018, @02:25AM

        by Anonymous Coward on Friday June 22 2018, @02:25AM (#696542)

        > there is a big world of women out there.

        Binders full.

    • (Score: 2) by c0lo on Thursday June 21 2018, @04:21PM

      by c0lo (156) Subscriber Badge on Thursday June 21 2018, @04:21PM (#696255) Journal

      This kind of stuff is stupid

      Context: fraternization etymology [etymonline.com]: the act of uniting as brothers.**

      It must be said... some perverted type of brothers if uniting them involves sex, but I've seen lotsa stupid stuff in the English language.

      ---
      ** See also frate [wiktionary.org].

      --
      https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
    • (Score: 5, Insightful) by Thexalon on Thursday June 21 2018, @04:25PM (12 children)

      by Thexalon (636) on Thursday June 21 2018, @04:25PM (#696258)

      There are real reasons why it's a problem:
      1. The partner higher on the totem pole can fire or otherwise professionally harm the other partner. That means that consent is always a bit questionable: Was the subordinate really into it, or were they trying to keep their boss happy?

      2. The partner lower on the totem pole can extract perks and promotions from the boss. Especially if the higher-up partner is married to somebody else: "You know that promotion that just opened up? I'd like it. And I'm sure you want to continue to make me happy, right? And I'd hate for this compromising photo to end up in the hands of your spouse." And for that reason, any decision the boss makes about their subordinate bed-buddy is questionable.

      3. Even if the subordinate doesn't try to extract perks, they will likely get them. Even if they aren't actually suited for the job that puts their office right next to the boss's, for instance.

      Even if you're the CEO of a major corporation, there are millions of potential partners that don't work for you. Get off elsewhere.

      --
      The only thing that stops a bad guy with a compiler is a good guy with a compiler.
      • (Score: 2) by JoeMerchant on Thursday June 21 2018, @04:35PM (10 children)

        by JoeMerchant (3937) on Thursday June 21 2018, @04:35PM (#696270)

        there are millions of potential partners that don't work for you. Get off elsewhere.

        Easy to say, but a big part of the CEO lifestyle is posturing that includes devotion to company business 24-7-365.24

        Do you want to try for some "work-life-balance" with an outsider who you may only get to spend a few evenings a month with, or do you want to go for the Bezos method [businessinsider.com]: "Bezos thinks of his personal and professional pursuits as a "circle" rather than a balancing act." and develop a relationship with somebody you see more often?

        --
        🌻🌻 [google.com]
        • (Score: 3, Interesting) by Thexalon on Thursday June 21 2018, @04:50PM (3 children)

          by Thexalon (636) on Thursday June 21 2018, @04:50PM (#696285)

          Mr Krzanich is married. If he wants to get some hanky-panky, he had and still has the option of his wife, who probably wouldn't mind getting some more attention. He's also rich, and could have hired escorts if he'd wanted to. Or he could have traveled to Nevada or somewhere else where prostitution is legal.

          He had options other than an office affair. Getting into one was stupid, and he shouldn't have done it.

          --
          The only thing that stops a bad guy with a compiler is a good guy with a compiler.
          • (Score: 2) by JoeMerchant on Thursday June 21 2018, @05:58PM

            by JoeMerchant (3937) on Thursday June 21 2018, @05:58PM (#696326)

            Getting into one was stupid, and he shouldn't have done it.

            This presumes that he wanted to keep that job and lifestyle. Between his pre-firing and post-firing lifestyles, I'd say that I prefer the post 100%.

            --
            🌻🌻 [google.com]
          • (Score: 2) by frojack on Thursday June 21 2018, @09:42PM (1 child)

            by frojack (1554) on Thursday June 21 2018, @09:42PM (#696413) Journal

            He also owns a boat load of Intel stock, And unless he had a pre-nup with current wife, a great deal of that stock (and options) may fall into other hands - sometimes well more than half.

            One has to wonder if Intel would have take this action if he and the other employee were both single.
            The company said the relevant policy applied to all managers, but I wonder if it was only because he was married.

            What about two Gay people. I hear rumors those folks are untouchable by HR.

            --
            No, you are mistaken. I've always had this sig.
            • (Score: 0) by Anonymous Coward on Friday June 22 2018, @07:10AM

              by Anonymous Coward on Friday June 22 2018, @07:10AM (#696616)

              I hear rumors those folks are untouchable by HR.

              That is a common misunderstanding. The guy from HR actually said that he "would not touch them with a ten foot pole." Presumably for the same reason that the pool is closed.

        • (Score: 2) by bobthecimmerian on Thursday June 21 2018, @05:02PM (4 children)

          by bobthecimmerian (6834) on Thursday June 21 2018, @05:02PM (#696290)

          Nonsense. Most CEOs spend huge amounts of time at fancy dinners, charity events, and golf outings to 'maintain important networks of contacts in the industry'. 24-7-365 is a harsh lifestyle when you're an overworked entry level QA engineer at Intel. The 24-7-365 job of a Fortune 500 CEO has more luxurious leisure throughout the year than three months of Disney cruises. And if the pressure (Ha!) is too high, you can always collect your golden parachute and walk. The guy is estimated to be worth a hundred million, he's not hurting.

          • (Score: 4, Interesting) by JoeMerchant on Thursday June 21 2018, @06:14PM

            by JoeMerchant (3937) on Thursday June 21 2018, @06:14PM (#696333)

            huge amounts of time at fancy dinners, charity events, and golf outings to 'maintain important networks of contacts in the industry

            which is part of that 24-7-365.24, even our VPs at a tiny little 1000 person company were playing the "whew! I just came from one company function before this Saturday party with your department's director and I've got to be at another one in an hour..." B.S. Same guy that if you ever attempted to talk to him casually without an appointment would throw down the "THIS BETTER BE IMPORTANT" vibe like the universe was facing imminent destruction if he was delayed more than 15 seconds and you'd better be using his infinitely valuable attention to defuse a bigger problem than THAT.

            The better human beings I have known in those positions were actual human beings, would cop to the fact that they just came from getting a haircut at 2 in the afternoon, and that they might be on their way to meet their wife before 5pm, they were less stressed, much less stressing on the people around them, and also seemed to be more effective when you had their attention, by scheduled or chance meeting.

            With thousands of CEO level positions around the world, I'm sure the game face is presented thousands of different ways, but if I read Intel's culture to be anything like the big traditionalists (IBM, AT&T, etc.) they're not going to put up with a lot of public displays of golf and luxury cruises between CEOish duties.

            The guy is estimated to be worth a hundred million, he's not hurting.

            Absolutely. Nice private islands are only $30M or so, I would be stepping out when I got to 100M myself. I wonder if this might have been a play like a friend of my dad's made after high school. He went into the import business for items not yet legal in Canada at that time - did his work carefully but planned to be caught eventually, do the time, and then see where life takes him with all that he stashed away before getting caught. He ran for many years longer than he ever thought he could before getting caught, did 2 years in jail for his "first offense" and then basically retired at 30.

            --
            🌻🌻 [google.com]
          • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @06:20PM (2 children)

            by Anonymous Coward on Thursday June 21 2018, @06:20PM (#696334)

            Most CEOs spend huge amounts of time at fancy dinners, charity events, and golf outings to 'maintain important networks of contacts in the industry'.

            A lot, but not huge amounts of time. Those events are likely to be embedded into travel to all parts of the globe, and while semi-enjoyable, are obligatory. You do not have much voluntary say over your time. Then there are the truly distasteful parts of the job, having to kiss market analysts' asses so they don't talk the stock down. Or having to close a plant because a supplier raised his prices. But the pay is great, and they are generally respected, unlike the QA engineers down in the trenches.

            • (Score: 2, Interesting) by Anonymous Coward on Thursday June 21 2018, @09:21PM (1 child)

              by Anonymous Coward on Thursday June 21 2018, @09:21PM (#696405)

              I'm sick of this hero worship shit. Even if 100% of their time is taken up they spend it in the lap of luxury and don't run into problems like not having time to pay bills, or go to the bathroom. It's nothing like the way too busy's of single moms, enlisted military, and double shift factory workers. The only people who don't know better are people who have no experience ever being 100% busy.

              When I was enlisted military I would often interact with 100% busy officers and dignitaries. I could tell that 100% busy for them and 100% busy for me were two entirely different things. Not only that but they're the ones to blame, if they had to go through life rushing through their meals, powerwalking everywhere and making the highlight of their day the moment they could hide in a closet to jack off then they'd probably have at least an extra hour of free time every day. But nobody will ever willingly subject themselves to that lifestyle, only other people.
              Don't believe these candy ass motherfuckers when they regale you about their 4:30am workouts and 72 hours of meetings in 4 countries. Their lives aren't hard.

              • (Score: 0) by Anonymous Coward on Friday June 22 2018, @02:53AM

                by Anonymous Coward on Friday June 22 2018, @02:53AM (#696565)

                Don't believe these candy ass motherfuckers when they regale you about their 4:30am workouts and 72 hours of meetings in 4 countries. Their lives aren't hard.

                A lot of those who built their successful companies from nothing are probably telling the truth.

                There are some people who need less sleep than others and have more "energy" than others, this is useful for starting companies from scratch. So they may expect the same "commitment" from those below if even though those below don't own most of the shares or any at all ;).

                Look like a "9-5 slacker" and you don't get that promotion and that's where the faking comes in.

        • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @09:11PM

          by Anonymous Coward on Thursday June 21 2018, @09:11PM (#696398)

          He could have just done it during business travel. It happens a lot but we don't hear much about it because it's effective.

      • (Score: 2) by DannyB on Thursday June 21 2018, @06:39PM

        by DannyB (5839) Subscriber Badge on Thursday June 21 2018, @06:39PM (#696346) Journal

        What you say is quite true. But one doesn't have to be a CEO to find oneself in that difficulty.

        --
        People today are educated enough to repeat what they are taught but not to question what they are taught.
    • (Score: -1, Flamebait) by exaeta on Thursday June 21 2018, @04:33PM (2 children)

      by exaeta (6957) on Thursday June 21 2018, @04:33PM (#696266) Homepage Journal

      The law should not restrict your personal sexual activity. These kind of relationships are not something the government should interfere with.

      --
      The Government is a Bird
      • (Score: 3, Informative) by Anonymous Coward on Thursday June 21 2018, @04:44PM (1 child)

        by Anonymous Coward on Thursday June 21 2018, @04:44PM (#696282)

        The government isn't interfering, he broke company policy. If there's an argument company policy should apply out of hours, it definitely applies to executives first!

        • (Score: 1) by exaeta on Sunday June 24 2018, @10:42PM

          by exaeta (6957) on Sunday June 24 2018, @10:42PM (#697766) Homepage Journal

          Do you really think a greedy corporation would care enough to do this when it costs them an executive who they now have to spend money to find a replacement for? The only reason companies create these policies in the first place is because of sexual harassment laws.

          --
          The Government is a Bird
    • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @04:50PM

      by Anonymous Coward on Thursday June 21 2018, @04:50PM (#696284)

      Hostile work environment for the other employees. Look it up.

    • (Score: 1, Funny) by Anonymous Coward on Thursday June 21 2018, @05:02PM

      by Anonymous Coward on Thursday June 21 2018, @05:02PM (#696291)

      This is the type of insightful, well thought out, comment I expect on soilednews. Obviously a lot of thought put into it.

    • (Score: 1, Interesting) by Anonymous Coward on Thursday June 21 2018, @06:09PM

      by Anonymous Coward on Thursday June 21 2018, @06:09PM (#696331)

      But fraternization rules are just authoritarian bullshit.

      He could have changed the rule.

    • (Score: 3, Interesting) by captain normal on Thursday June 21 2018, @06:20PM (1 child)

      by captain normal (2205) on Thursday June 21 2018, @06:20PM (#696335)

      There is an old saying that goes back more than 100 years, "Never dip your pen in the company's inkwell".

      --
      When life isn't going right, go left.
      • (Score: 3, Insightful) by deimtee on Thursday June 21 2018, @09:13PM

        by deimtee (3272) on Thursday June 21 2018, @09:13PM (#696399) Journal

        Why is it your pen, but the company's inkwell?

        --
        If you cough while drinking cheap red wine it really cleans out your sinuses.
    • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @07:47PM

      by Anonymous Coward on Thursday June 21 2018, @07:47PM (#696376)

      You go screwing employees it compromises your ability to manage them objectively, and any perk you give them, bet it a promotion, raise, or hell if you demote them, you have put your company in a very compromising position.

      BK has other problems, too, as in no vision for the company. Selling massive number of his owns shares before going public with bug reports.

      I think Intel is better off without him, and he is justly being pushed aside.

  • (Score: 5, Insightful) by Anonymous Coward on Thursday June 21 2018, @04:09PM (9 children)

    by Anonymous Coward on Thursday June 21 2018, @04:09PM (#696244)

    > How will this affect Intel's competitive efforts...

    I see the new guy is from Finance.

    Once the bean counters get into the top positions it's usually pretty bad in the car business. Finance cuts budgets for R&D and styling, to save money short term. The finance crew also starts to think that they know a good car from a bad one and stick their noses in the engineering/design trenches--where they have little or no experience, a sure morale killer. Purchasing starts to squeeze suppliers and incoming part quality suffers. Fairly soon the cars are not as good and the spiral continues.

    • (Score: 1, Funny) by Anonymous Coward on Thursday June 21 2018, @04:27PM (8 children)

      by Anonymous Coward on Thursday June 21 2018, @04:27PM (#696259)

      I see the new guy is from Finance.

      Once the bean counters get into the top positions it's usually pretty bad in the car business.

      Is this a car analogy or are you predicting Intel's Swan song?

      • (Score: 2) by c0lo on Thursday June 21 2018, @04:35PM (1 child)

        by c0lo (156) Subscriber Badge on Thursday June 21 2018, @04:35PM (#696271) Journal

        You mean... he's not actually predicting that Intel is gonna diversify in making bad cars for a while?

        --
        https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
      • (Score: 2) by Runaway1956 on Thursday June 21 2018, @04:44PM

        by Runaway1956 (2926) Subscriber Badge on Thursday June 21 2018, @04:44PM (#696281) Journal

        Intel doesn't sing. Just sayin'.

      • (Score: 2) by martyb on Thursday June 21 2018, @05:07PM (4 children)

        by martyb (76) Subscriber Badge on Thursday June 21 2018, @05:07PM (#696294) Journal

        I see the new guy is from Finance.

        Once the bean counters get into the top positions it's usually pretty bad in the car business.

        Is this a car analogy or are you predicting Intel's Swan song?

        Well, I did read the story summary and noticed:

        His successor has been named as Robert Swan, currently the company's chief financial officer.

        Sure has all the makings of being a 'Swan' song. ;)

        --
        Wit is intellect, dancing.
        • (Score: 3, Interesting) by PartTimeZombie on Thursday June 21 2018, @08:57PM (3 children)

          by PartTimeZombie (4827) on Thursday June 21 2018, @08:57PM (#696392)

          I'm with you martyb. The second or third question I ask at job interviews is something along the lines of: "What is the boss's background"?

          If it is finance or accounting I don't take the job.

          • (Score: 2) by martyb on Friday June 22 2018, @12:25AM (2 children)

            by martyb (76) Subscriber Badge on Friday June 22 2018, @12:25AM (#696487) Journal

            Ummm, thanks for the informative reply... but I was going more along the lines that the former CFO, soon-to-be-new CEO, was named "Robert Swan"... hence my assertion that it "Sure has all the makings of being a 'Swan' song. ;)"

            --
            Wit is intellect, dancing.
            • (Score: 2) by PartTimeZombie on Friday June 22 2018, @12:39AM (1 child)

              by PartTimeZombie (4827) on Friday June 22 2018, @12:39AM (#696493)

              Oh.

              Whoosh!

              LOL

              • (Score: 0) by Anonymous Coward on Friday June 22 2018, @03:01AM

                by Anonymous Coward on Friday June 22 2018, @03:01AM (#696569)
                Guess you were in your zombie mode that time ;).

                BTW the original AC already made the joke - he capitalized Swan in swan song.

                Martyb just emphasized the joke and then dissected it for you...
  • (Score: 2) by Weasley on Thursday June 21 2018, @06:25PM (1 child)

    by Weasley (6421) on Thursday June 21 2018, @06:25PM (#696337)

    Was it really fraternization? Or was it Intel's recent 10nm process failure? Their 10nm process is fucked up at the exact time AMD comes out with an extremely competitive product and is expected to be on 7nm next year? AMD is going to be hoovering up market share in the next couple of years and Intel doesn't want to draw attention to the fact that they're competition is competing...strongly.

    • (Score: 2) by frojack on Thursday June 21 2018, @09:53PM

      by frojack (1554) on Thursday June 21 2018, @09:53PM (#696417) Journal

      Pretty sure if a company's 10nm product is failing the CEO is not the first person to be fired.

      There are FAR bigger problems than 10nm. Like every processor they have built for decades found to be security nightmares.
      He's only been CEO since 2013 but he's been at Intel since 1982. Good chance he may have had some advance knowledge of the shortcuts taken along the way.

      --
      No, you are mistaken. I've always had this sig.
  • (Score: 2) by LoRdTAW on Thursday June 21 2018, @09:28PM (1 child)

    by LoRdTAW (3755) on Thursday June 21 2018, @09:28PM (#696408) Journal

    Just lookin at that crusty lookin mother fucker makes me cringe. I wanna see the dumpster fire that fucked him.

    • (Score: 0) by Anonymous Coward on Friday June 22 2018, @02:27AM

      by Anonymous Coward on Friday June 22 2018, @02:27AM (#696545)

      Some Japanese cellist.

  • (Score: 0) by Anonymous Coward on Thursday June 21 2018, @09:47PM (2 children)

    by Anonymous Coward on Thursday June 21 2018, @09:47PM (#696416)

    Banning ANY relationship in the company is out of line.

    Banning them with 'direct reports' or ' departmental influence' sorts of situations, sure. But banning any relations, no. Let the company and who created that policy burn.

    • (Score: 2) by frojack on Thursday June 21 2018, @09:56PM (1 child)

      by frojack (1554) on Thursday June 21 2018, @09:56PM (#696418) Journal

      The company said the relevant policy applied to all managers.
      That implies 'direct reports' or ' departmental influence'.
      Pretty standard.

      Just so happens a CEO is everbody's boss. Sucks to be him. He should have found a girlfriend somewhere else.

      --
      No, you are mistaken. I've always had this sig.
      • (Score: 0) by Anonymous Coward on Friday June 22 2018, @08:07AM

        by Anonymous Coward on Friday June 22 2018, @08:07AM (#696631)

        That can become a problem when the company is the size of a small country.

  • (Score: 2) by corey on Thursday June 21 2018, @11:50PM

    by corey (2202) on Thursday June 21 2018, @11:50PM (#696474)

    So to be clear from TFS, he was found out by the internal counsel? So he kept it secret a while?

    Its not surprising but still disappointing when these leaders (supposed statesmen) who sign off and endorse company values and policies go and break them themselves. Why would any employee want to adhere if the guys at the top don't give a f? Other than be found out and fired.

  • (Score: 3, Funny) by Gaaark on Friday June 22 2018, @01:26AM (2 children)

    by Gaaark (41) on Friday June 22 2018, @01:26AM (#696515) Journal

    So the employee had Intel inside?
    Did they get over-clocked?

    How much RAM was involved?
    GiggityBytes?

    --
    --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
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