Thursday, June 21st 2018

Intel CEO Brian Krzanich Resigns - For Having Sex With Colleague

Intel Corporation today announced the resignation of Brian Krzanich as CEO and a member of the board of directors. The board has named Chief Financial Officer Robert Swan interim chief executive officer, effective immediately.

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.
"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. Bob has been instrumental to the development and execution of Intel's strategy, and we know the company will continue to smoothly execute. We appreciate Brian's many contributions to Intel," said Intel Chairman Andy Bryant.

Intel expects to deliver a record second quarter, with revenues of approximately $16.9 billion and non-GAAP EPS of approximately $0.99. With accelerating data-centric revenue, the company is off to an excellent start in the first half of the year and expects 2018 to be another record year. Intel will provide full second-quarter results and an updated outlook for the full year on the second-quarter earnings call on July 26.

As interim CEO, Swan will manage operations in close collaboration with Intel's senior leadership team. Swan has been Intel's CFO since October 2016 and leads the global finance, IT and corporate strategy organizations. He previously spent nine years as CFO of eBay Inc. Earlier, he was CFO of Electronic Data Systems Corp. and TRW Inc. He has also served as CEO of Webvan Group Inc.

Swan added, "Intel's transformation to a data-centric company is well under way and our team is producing great products, excellent growth and outstanding financial results. I look forward to Intel continuing to win in the marketplace."

The board has a robust succession planning process in place and has begun a search for a permanent CEO, including both internal and external candidates. The board will retain a leading executive search firm to assist in the process.
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123 Comments on Intel CEO Brian Krzanich Resigns - For Having Sex With Colleague

#26
Assimilator
"TheMailMan78 said:
Dude that guy was pounding it like a flank steak. Title of thread 100% fact. You don't get fired for flirting. You get fired for a board member seeing you getting the gorilla grip from your secretary.
Cool story bro! Do you maybe happen to have any facts to back it up with? Or are you just talking outta your ass like usual?

I suggest both you and @W1zzard consult a dictionary as to the definition of the word "fraternizing".
Posted on Reply
#27
TheMailMan78
Big Member
"Caring1 said:
Why the assumptions he had sex with a female?
Because most of the people are heterosexual on this forum and if they were CEO's they would prefer the opposite sex. If the members were mostly homosexual they probably would still assume it was a chick lol

"Assimilator said:
Cool story bro! Do you maybe happen to have any facts to back it up with? Or are you just talking outta your ass like usual?

I suggest both you and @W1zzard consult a dictionary as to the definition of the word "fraternizing".
Dude........this is the real world. You just don't get fired as a CEO from Intel because you said "Hey nice lipstick". Dollars to doughnuts this was a LONG sting of him banging chicks or this is just another #metoo crap gone wrong. Get over yourself.
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#28
Octopuss
It could have been an office dog...
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#29
Xaled
LOL. too many innocent comments here. it is not that they want to stop the guy's feelings but it is to prevent him from using his powerful position and to prevent poeple from fall in love with him because people fall in love more quickly/easily with guys like him. :P
Posted on Reply
#30
Vayra86
"BRIAN! You're not supposed to plug EVERY HOLE. Just worry about the CPUs damn it"
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#32
TheMailMan78
Big Member
"Vayra86 said:
"BRIAN! You're not supposed to plug EVERY HOLE. Just worry about the CPUs damn it"
He was just making sure she wasn't vulnerable to Meltdown.

"AlienIsGOD said:
Intel INSIDE!!! pun intended :p
THATS IT BRIAN!!!! INTEL INSIDE ME!
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#33
Vayra86
"AlienIsGOD said:
Intel INSIDE!!! pun intended :p
Gold
Posted on Reply
#34
eidairaman1
The Exiled Airman
"Konceptz said:
Not every Company. You'd be surprised how many marriages and families start out in the workplace. You spend 40+ hours a week with someone, sooner or later an attraction will develop. As someone else said, you can't stop human nature with a company policy.
In his case it was Fraternization, he was at top position of the company, thus had power, he would of shown that colleague favoritism which would create an unprofessional work relation/environment.

Same Applies to the Military.
Posted on Reply
#35
natr0n
Intel Inside has a new meaning.
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#36
Fx
"Darmok N Jalad said:
I agree with others that say the headline is a bit extreme—at the least it’s off target, but I guess that’s a sign of the times. We don’t know the details of the relationship—all we know is that the relationship was a violation of the company policy. Being the CEO, it would probably be a significant conflict of interest to have a romantic relationship with any employee. I know I wouldn’t want to be the direct supervisor of the CEOs girlfriend, no matter how much assurance there was that there would be no retaliation for possible disciplinary action for that employee.
You nailed it.

While I would hate that policy just as much as anyone else especially when there are beautiful women you see everyday with flirty eyes for you. This is a very serious problem for other people.
Posted on Reply
#37
Vya Domus
"TheMailMan78 said:
Because most of the people are heterosexual on this forum and if they were CEO's they would prefer the opposite sex. If the members were mostly homosexual they probably would still assume it was a chick lol
But it's 2018 and you just assumed our gender and sexual orientation. :cry:
Posted on Reply
#39
T4C Fantasy
CPU & GPU DB Maintainer
Brian was slamming his CPU in that motherboard
Posted on Reply
#40
ensabrenoir
"Raevenlord said:
Holy...

Hmmm. Great idea to go out in a way that (unfortunately) attracts more attention (and detracts attention from) security holes and potentially incriminating share sales with some insider trading thrown in the mix.
...at this point seems like anything to distract people from their constant stream of miss steps would be a relief for intel.

....prob reported himself to avoid going out as screw up



.....C.E.O. out!!!!!
Posted on Reply
#41
TheMailMan78
Big Member
All joking aside. Pretty sure they just used this as an excuse.
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#42
T4C Fantasy
CPU & GPU DB Maintainer
"TheMailMan78 said:
All joking aside. Pretty sure they just used this as an excuse.
Or he put his central penis unit in the wrong socket
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#43
xorbe
Click bait title.
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#44
Gasaraki
LOL, yeah other news coverage says he's resigning because he had a relationship with an employee. TPU is like "Brian Krzanich Resigns, having hardcore SEX orgies with employees"
Posted on Reply
#45
Mistral
So, what's his golden parachute looking like?
Posted on Reply
#46
HTC
Was the colleague's name per chance Raja?

Just wondering ...
Posted on Reply
#47
T4C Fantasy
CPU & GPU DB Maintainer
"HTC said:
Was the colleague's name per chance Raja?

Just wondering ...
i think Nvidia took advantage of this and named the new Titan V CEO Edition "wink wink"

price of the CEO edition will screw you over aswel if it was to ever release xD
Posted on Reply
#48
eidairaman1
The Exiled Airman
"ensabrenoir said:
...at this point seems like anything to distract people from their constant stream of miss steps would be a relief for intel.

....prob reported himself to avoid going out as screw up



.....C.E.O. out!!!!!
He could of just resigned without getting himself in trouble, now he is a predator and also known for continuing the masking of intel cpu flaws.
Posted on Reply
#49
Bones
He and whomever else has been raping customers for so long now so it figures.
Secretary.... customers..... I'm starting to see a pattern here guys. :wtf:
Posted on Reply
#50
Arjai
I forgot the actual numbers but, CEO's are often sociopaths. They seem to excel in the business world. So, yea, hard for me to find sympathy for him or his millionaire status.

I wouldn't doubt this story is cooked, also. Maybe gives him an air of a "Real Man", or something.
Posted on Reply
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