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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?


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  • (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.

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