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Intel says CEO Brian Krzanich has resigned after the company learned of 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," the company said in an announcement on Thursday.

 

Chief Financial Officer Robert Swan will serve as interim chief executive officer, effective immediately.

The Intel board said it accepted Krzanich's resignation, noting all employees are expected to respect Intel's values and code of conduct.

Krzanich, 58, joined the chipmaker in 1982 as an engineer. He became CEO and an elected a member of the board of directors in May 2013. Krzanich previously served in senior leadership roles, including COO, at Intel.

Earlier this year, he came under fire for selling about half his stock after learning that critical flaws effected Intel's microchips. But the company publicly said the stock sale was not related to chip's issues.

Related: Intel CEO: Let's turn 'tragedy into action'

Krzanich previously served on President Trump's now disbanded manufacturing council. In August, he and the CEOs of Merck (MKGAF) and Under Armour (UA)stepped down after fallout over Trump's response to violence at a white nationalist rally in Charlottesville, Virginia.

"I resigned because I want to make progress, while many in Washington seem more concerned with attacking anyone who disagrees with them," he said at the time.

Krzanich had previously stressed the importance of engaging with the government. In February 2017, he stood next to the president in the White House to announce a $7 billion investment in a new US factory.

In addition to the news about Krzanich's departure on Thursday, Intel raised its second quarter guidance from its previous forecast. It expects revenues of about $16.9 billion with adjusted earnings of $.99 a share.

Still, Intel stock dipped as much as 2% on Thursday morning after the news broke.

 

http://money.cnn.com/2018/06/2...l-ceo-out/index.html

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skeldon_man posted:
antabanta posted:

When a subordinate smiles in response to sexual advances or innuendos from a superior how can we ever know that the response is genuine and not out of fear? How can we know that consensual sex isn't really consent out of fear?

I don't think you smile when you are in fear.

Anta's foolish thinking process. 

FM
yuji22 posted:
skeldon_man posted:
antabanta posted:

When a subordinate smiles in response to sexual advances or innuendos from a superior how can we ever know that the response is genuine and not out of fear? How can we know that consensual sex isn't really consent out of fear?

I don't think you smile when you are in fear.

Anta's foolish thinking process. 

Please stop showing off your ignorance. Please try to think. You might not smile if in terror but fear has different degrees. A worry is a fear. Smiling in response to an advance if you worry that not smiling will cost your job is smiling out of fear.

I repeat, please think.

A

Switch it up a little... to jump start Yuji's brain. Might be in vain but worth a try. 

If a female subordinate offers casual sexual favors to a male superior, seemingly voluntarily, can anyone ever know that she's not pursuing favors in return? Can we not also say (This is only for those who can think. We'll understand Yuji's inability to contribute) her pursuit is fear of NOT acquiring those favors?

I'm only raising this idea because I'm working on the theory that fear is the most prominent driving emotion - fear of failure drives determination, fear of hurt drives caution, fear of poverty drives the acquisition of wealth, etc.

A
antabanta posted:

Switch it up a little... to jump start Yuji's brain. Might be in vain but worth a try. 

If a female subordinate offers casual sexual favors to a male superior, seemingly voluntarily, can anyone ever know that she's not pursuing favors in return? Can we not also say (This is only for those who can think. We'll understand Yuji's inability to contribute) her pursuit is fear of NOT acquiring those favors?

I'm only raising this idea because I'm working on the theory that fear is the most prominent driving emotion - fear of failure drives determination, fear of hurt drives caution, fear of poverty drives the acquisition of wealth, etc.

Anta, I beg to differ with you. As we all know, when an animal is in fear, it runs away. If it's in fear and is cornered, it starts trembling. Humans do exhibit animalistic behavior.

FM
skeldon_man posted:
antabanta posted:

Switch it up a little... to jump start Yuji's brain. Might be in vain but worth a try. 

If a female subordinate offers casual sexual favors to a male superior, seemingly voluntarily, can anyone ever know that she's not pursuing favors in return? Can we not also say (This is only for those who can think. We'll understand Yuji's inability to contribute) her pursuit is fear of NOT acquiring those favors?

I'm only raising this idea because I'm working on the theory that fear is the most prominent driving emotion - fear of failure drives determination, fear of hurt drives caution, fear of poverty drives the acquisition of wealth, etc.

Anta, I beg to differ with you. As we all know, when an animal is in fear, it runs away. If it's in fear and is cornered, it starts trembling. Humans do exhibit animalistic behavior.

So if your child is playing on the street and you hear tires screech, do you run away out of fear? Humans run away out of fear if they feel threatened. There are different levels/types of fear. You would not curse your manager or steal at work out of fear of losing your job. Do you run away out of fear of losing your job? No. But you still feel fear.

A
Last edited by antabanta

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