>Intel CEO Brian Krzanich sold more than $20 million worth of company stock after his company had been informed of a massive cybersecurity flaw in its chips and prior to the company publicly disclosing the flaw. >Krzanich sold stock and exercised options worth a rough total of $24 million on Nov. 29, reducing his holdings of Intel shares to 245,743 — the minimum required by his contract with the firm. The Intel CEO’s sale occurred as developers were racing to fix enormous vulnerabilities in their computer processors. >Though the sale raises insider trading concerns, the Securities and Exchange Commission has not publicly said if it will investigate Krzanich. >Intel says that his selloff came independently of the vulnerabilities and notes that it was preplanned. >"Brian's sale is unrelated," an Intel spokesperson told Gizmodo.
"It" is normally used for inanimate things. If you really want to avoid showing gender, the most standard non-retarded way is to use "their", not "its".
Austin Russell
>tfw Sup Forums is more relevant for finance than /biz/
Ty
Mason Wood
DE LET
Kevin Lee
spotted the shitskin latino
William Harris
how is it "preplanned" when the plans were made after the CEO knew about it?
Evan Ortiz
Probably sold them to buy the dip
Henry Kelly
>any news other than on mainstream news channels like the BBC or CNN is not official? I had no idea people like this still existed.
Hudson Hughes
Intel new about at least 2 of the 3 vulnerabilities since JUNE. So how is him selling stock in NOVEMBER relevant, faggot?
Logan Jackson
Wrong.
The question was not about grammar the use itself because of ''CEO''.
Chase Ortiz
>Sup Forums is ok with insider trading
Good meme
Cameron Miller
This is yellow journalism tier reporting intended to do nothing but generate clicks and start a riot.
He got paid in stock options and sold as soon as his shares vested. This isn't anything out of the ordinary. The only difference here is that he's never had so many shares vest at one time.
Carter Williams
>>Sup Forums knows anything about the legal system Good meme
Henry Clark
>the Intel CEO's sale occurred as developers were racing to fix enormous vulnerabilities in their computer processors Fake news. They can't fix the processors at all. Just the design for the future.
Alexander Bennett
Oh, of course. Just in time for a potentially company destroying vulnerability in Intel's CPU architecture. Just a coincidence, goy.
Nicholas Jones
its not insider trading if he told his wife and he sold it all that would be insider trading
Ryder Russell
Trading by an insider before bad news comes out is not necessarily "insider trading." Most CEOs (including Krzanich, if you check Intel's filings) sell shares of stock from SBC plans late in the fourth quarter according to a fairly automated schedule. Even if he did know about this, there's no chance in hell the SEC would investigate it because an insider trading case requires a lot more than convenience of circumstance.
This user is correct
Gavin Campbell
>Intel new about at least 2 of the 3 vulnerabilities since JUNE.
