Thursday, January 4th 2018

Intel Aware of CPU Flaws Before CEO Brian Krzanich Planned $24M Stock Sale

The news and details on Intel's most recent chip flaw have been coming in almost faster than news outlets can put them out, and it just seems that the company is going through a phase where news are seldom good. New information has come to light that paint Intel CEO's Brian Krzanich's sale of $24M worth of stocks in November 24th in a negative spotlight, euphemisms be allowed. We (meaning, this editor) previously dismissed the share sale as a pre-planned event that didn't show any kind of shady wrongdoing in the face of news breaking out regarding Intel's VM security flaw. However, it seems as if it pays off to be negative rather than positive in the world at large, and the skeptic in me is saying "serves you right".
Apparently, Intel had known well in advance of the vulnerability's existence - sources peg the news has being broken to Intel by Google itself, who informed the blue giant as early as June 2017 regarding the existence of a security flaw on its chips' design. It's understandable the company might want to keep the bug's existence - and details - under wraps, to allow development of a solution before malicious attackers could take advantage of it.

However, what isn't understandable is how Intel's CEO set the stock sale's date to November 24th in October - at least four months after the company had taken wind of the issue's existence. Some interesting details on the sale now also make sense - Intel CEO Brian Krzanich sold the maximum amount of shares in the company he could, keeping only the mandatory 250,000 minimum shares that come with his position at Intel. In total, Brian Krzanich's sold shares totaled 245,743 shares of stock he owned outright, and 644,135 shares he got from exercising his options. So, the man sold around 80% of his Intel shares while the company (and he himself, surely) knew the flaw would become public knowledge soon enough. There's not even a vestige of shadiness in this whole issue, for sure. Source: Business Insider
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34 Comments on Intel Aware of CPU Flaws Before CEO Brian Krzanich Planned $24M Stock Sale

#1
cdawall
where the hell are my stars
lynx29 said:
@mroofie

Communism I agree with.

Socialism, I disagree. Ask your average person from Finland how they like their government? ;)

Oh btw, we are ranked 2nd in math and science behind only South Korea/Japan. America is ranked 18. Pure Capitalism is doing well for you I hear. Old people cutting their pills in half because they can't afford it, what a sad life. Such things don't exist in Finland, everyone has peace of mind healthcare and medicine and university and basically crime is non-existent. Socialism is lovely. People still need to work and contribute to a free market society, of course. So I also agree communism is bad.
America is far from pure capitalism. If it was pure capitalism things like the FCC would never exist.
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#2
lynx29
cdawall said:
America is far from pure capitalism. If it was pure capitalism things like the FCC would never exist.
The FCC doesn't exist technically, it has already been bought and paid for by capitalist companies. :) Much like the 300 members of congress who took money from telecom companies. I am pretty sure that is the definition of pure capitalism. I know what you mean though, just having some fun with ya. :D
Posted on Reply
#3
cdawall
where the hell are my stars
lynx29 said:
The FCC doesn't exist technically, it has already been bought and paid for by capitalist companies. :) Much like the 300 members of congress who took money from telecom companies. I am pretty sure that is the definition of pure capitalism. I know what you mean though, just having some fun with ya. :D
In capitalism companies shouldn't be buying and selling congress lol... I think there might be a small problem there. :roll:
Posted on Reply
#4
lynx29
cdawall said:
In capitalism companies shouldn't be buying and selling congress lol... I think there might be a small problem there. :roll:
Philosophically speaking though there is no difference, because those same corporations would have had the power to begin with. So it negates itself.
Posted on Reply
#5
cdawall
where the hell are my stars
lynx29 said:
Philosophically speaking though there is no difference, because those same corporations would have had the power to begin with. So it negates itself.
Depends when the government "philosophically" is taking paid favors to advance one company over. That is not capitalism.
Posted on Reply
#6
lynx29
cdawall said:
Depends when the government "philosophically" is taking paid favors to advance one company over. That is not capitalism.
That is where your wrong though, the companies are the government... hence Verizon ex-employee getting net neutrality revoked, and lobbyists for every corporation that has succeeded enough to have enough net profit to use as bribes to get their agendas passed. It all negates itself in the end, it is pure capitalism however you look at it, Democracy in the United States has failed, even though Obama was a success, it did not matter because gerrymandering and congress will always be controlled by gerrymandering, and hence, companies. If anything America is a failed state, unable to provide almost anything for its citizens of quality. As long as you live in a nice area though it doesn't affect you. The companies able to buy lobby power are the most successful companies, just as they would have been if the government panels that controlled them did not exist anyway.
Posted on Reply
#7
cdawall
where the hell are my stars
lynx29 said:
That is where your wrong though, the companies are the government... hence Verizon ex-employee getting net neutrality revoked, and lobbyists for every corporation that has succeeded enough to have enough net profit to use as bribes to get their agendas passed. It all negates itself in the end, it is pure capitalism however you look at it, Democracy in the United States has failed, even though Obama was a success, it did not matter because gerrymandering and congress will always be controlled by gerrymandering, and hence, companies. If anything America is a failed state, unable to provide almost anything for its citizens of quality. As long as you live in a nice area though it doesn't affect you. The companies able to buy lobby power are the most successful companies, just as they would have been if the government panels that controlled them did not exist anyway.
If the panels that controlled them did not exist it would allow more than one company to actually exist. Let us take something simple like the FCC and just the nonsense that is US Telecom, how many cable provider options do you have in Finland? Is it more than one per neighborhood? Americas political state is broken, but never call what exists here anything close to pure capitalism. That just shows foreign ignorance. Pay for politics is not capitalism.
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#8
Tartaros
lynx29 said:
@mroofie

Communism I agree with.

Socialism, I disagree. Ask your average person from Finland how they like their government? ;)
Since when Finland is a socialist state? It is a capitalist state, social democracy is a form of capitalism. Gotta love how many people despise northern Europe countries calling them "socialists" and any little form of state intervention is considered the dark touch of the communist baby eaters but haven't read any basic book about marixsm to understand what they are blabbering about.
Posted on Reply
#9
lynx29
Tartaros said:
Since when Finland is a socialist state? It is a capitalist state, social democracy is a form of capitalism. Gotta love how many people despise northern Europe countries calling them "socialists" and any little form of state intervention is considered the dark touch of the communist baby eaters but haven't read any basic book about marixsm to understand what they are blabbering about.
Finland is a socialist state. Unemployed = 500 Euro stipend to live off. No homeless. Universal healthcare. Free University. Among many other benefits only a socialist country would have. It is still free markets... socialism doesn't have to mean communism... enjoy Spain though mate, I'll be staying in Finland. ;)
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