Intel CEO Brian Krzanich is a moron

Jan 4, 2018 28 Comments

Intel CEO Brian Krzanich dumped $24 million of Intel stock options in November, a couple months after the company was notified of a security vulnerability in their processors (which the public is just now finding out about).

Are higher ups running around with their hair on fire over at Intel? This will be fascinating to see what excuse they come up with for why he dumped his stock!

Intel CEO Brian Krzanich is a moron
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TOP 28 Comments
  • LinkedIn Samza
    He is now $24 million richer to hire a good lawyer
    Jan 4, 2018 0
  • Snapchat / Eng
    SomeEng

    Snapchat Eng

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    SomeEngmore
    It was part of a 10b5-1 plan, dumbass.
    Jan 4, 2018 6
    • Google paperazzi
      Well, that's your opinion and you're entitled to it. But a 10b5-1 plan is just one way of protecting yourself from random accusations. In practice, the rule against insider trading could be construed to cover any actions that were the result of privileged knowledge that an insider had access to which the general public did not.

      If they determine this was an unusual sale for many reasons covered in the article, or any other reasons, they can choose to file suit and take it to a jury trial. So no, filing a 10b5-1 isn't a blanket protection against insider trading, and if snaps lawyers have told you otherwise you might want to go back and have a chat.

      In the real world, will the sec actually pursue this? That depends on how much they think they can settle for and whether they have bigger fish to fry.
      Jan 4, 2018
    • Snapchat / Eng
      SomeEng

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      SomeEngmore
      Well that's your opinion and you're entitled to it.
      Jan 4, 2018
  • Facebook HODLer
    No. If it is what you say then he would be booked for insider trading. They are more qualified to handle this than your baseless accusations, so wait for their ruling and remember- innocent until proven guilty.
    Jan 4, 2018 3
    • Facebook HODLer
      Don’t speculate and throw allegations. Let SEC investigate and treat him innocent until found guilty. Remember, for CXOs such stock sells are scheduled much in advance for this reason.
      Jan 4, 2018
    • Intel xcvr
      Every exec auto-sells shares quarterly. If he did it himself and it wasn't pre-programmed he is in hot water. If it was just typical auto-sell then he is fine.
      Jan 9, 2018
  • Microsoft prolexa5mg
    I believe the C-Suite is required by SEC rules to sell stocks only on predetermined dates, announced and fixed N months in advance. I think its possible this was coincidental. Or a bigger conspiracy than proposed.
    Jan 4, 2018 4
    • Intel oldsch
      He has to file in advance prior to selling which he did - about 30 days before he sold. but still months after he knew of the security breach issues and while he was keeping it out of the press. And he sold every single share he had he could sell... what does that say about our CEO who knew he had a big public issue on this hands??
      Jan 5, 2018
    • Intel xcvr
      I agree with oldsch...it is fishy but they can't book him for insider trading unless it is investigated and they find it was pre-meditated. This vulnerability leaked to the media at the beginning of this year. Marketing folks knew about it for quite a while before a public statement went out...
      Jan 9, 2018
  • Dropbox / Eng f(x)
    Intel stock is only down like 5% or so, which is a blip. I'm sure their stock will recover. Doesn't seem like a big deal that he scheduled to sell stock beforehand.
    Jan 4, 2018 1
    • Google paperazzi
      Well, it dpeneds on what you call a big deal. If he scheduled the sale based on information no one else had,then it's a fairness issue. He got to protect the downside, when no one else did, regardless of whether the downside materialized or not.

      Overall, as I mentioned in a different comment here, these things will likely go the route of "sec threatens investigation-> reach preemptive settlement of 1M (insert your favorite no) with no admission of an wrongdoing" and save everybody money and debates. Probably as it should be.
      Jan 4, 2018
  • Ok. Understand he went thru all the proper channels to report his sale and sell at the proper time. However his sale was of EVERYTHING he could sell whereby he retained only the minimum. Was it insider trading or not. Who knows. Not for us to decide. Innocent until proven. I think the bigger issue is what does this sale say about his faith in the company? Was he planning to leave the company? Had the board given him a signal that he wasn’t wanted at intel anymore? Is he divorcing his wife and preparing to divide his assets as part of divorce settlement? Did his financial advisor tell him to diversify? Was he buying a new double digit million home? Could be a number of motivators for selling all he could...someone will need to go below the surface here to find out his motivation as it certainly is an unusually large sale compared to his past transactions and odd he sold all he could while keeping only the minimum.
    Jan 11, 2018 0
  • Intel Melter
    Yes but he’s OUR moron!

    #dumbAndDumber
    Jan 5, 2018 0
  • Google paperazzi
    Fascinating, eh? I guess you don't really understand how the world works.

    The best case prosecution outcome is that he reaches an sec settlement for an undisclosed amount
    Jan 4, 2018 0
  • Intel 69wombat
    Doesn’t say “ I believe in my own strategy that I am rolling out”. That it does not say.
    Jan 13, 2018 0
  • Intel DSPN81
    Especially since he only has $11M of Intel stock left. Lot different than if Bezos sells $24M of stock on a percentage basis
    Jan 4, 2018 0

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