Intel CEO sold $24M in stock

Intel CEO Brian Krzanich sold more than $20 million worth of company stock after his company had been informed of a massive cybersecurity flaws in its chips and prior to the company publicly disclosing the flaw.

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the sale raises insider trading concerns ,doesn't it

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It appears sale occurred as developers were racing to fix enormous vulnerabilities in their computer processors. I think that Securities and Exchange Commission should get involved

 

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3 minutes ago, JohnAtronis said:

It appears sale occurred as developers were racing to fix enormous vulnerabilities in their computer processors. I think that Securities and Exchange Commission should get involved

 

The SEC is just like every other regulatory agency under Trump 

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This bit is interesting

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. 

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just selling all his stock options down to the contractually required minimum after he learned of some potentially damaging revelations about the corporation he is running.. Not insider trading btw.

 

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4 minutes ago, Meanwhile said:

This bit is interesting

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 CEO of Experian did the same thing.

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44 minutes ago, Meanwhile said:

the sale raises insider trading concerns ,doesn't it

This is a clear cut case of insider trading.

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1 hour ago, JohnAtronis said:

Intel CEO Brian Krzanich sold more than $20 million worth of company stock after his company had been informed of a massive cybersecurity flaws in its chips and prior to the company publicly disclosing the flaw.

They jailed Martha Stewart for less :)

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