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Intel CEO Brian Krzanich Resigns Over Relationship With Employee (theverge.com)
Intel has announced that CEO Brian Krzanich has resigned from the company effective immediately. From a report: CFO Robert Swan is now Intel's interim chief executive officer. "Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee," the company said in a press release. "An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers." Krzanich's immediate resignation was accepted to show "that all employees will respect Intel's values and adhere to the company's code of conduct," according to Intel.
It's still refreshing to see a CEO hold themselves to the same rules they expect their employees to abide by, even if it is only after they get caught. I'm sure there are plenty of low level managers at Intel that have gotten away with consentual relationships with their staff without being caught and nobody is expecting them to come forward and resign.
In today's hyper sensitive climate, the only rational move seems to be to treat everyone in a dispassionate, robotic fashion.
Consenting adults should be left the fuck alone. Corporations shouldn't be responsible for the behavior of consenting adults, nor should they be penalizing it, either.
We're monkeys. We're constantly horny, with millions of years of hard wired instinct chittering away during every interaction with every other human being we encounter. Our instincts scream at us to fuck, fight, or flee during the first 20 seconds after meeting anyone new.
If the two had a mutually agreeable, consensual relationship, then the company has no good reason to take any action. Companies and workplaces need to step away from preemptive interference with human relationships.
Explicit harassment, abuse of power, and so on are terrible things. Preventing liability through artificial constraints on base human instincts is a shit way to manage a company. Make allowances for rational adults. It's absurd that this guy has to lose his job over sex, especially if nobody was hurt.
Or maybe just maybe it's because Intel has almost squandered its competitive edge?
10nm is nowhere to be seen in decent quantities even though it was promised back in ... 2016. In a recent earnings call mass production was delayed until 2019.
Ice Lake is nowhere to be seen and Intel is still rehashing its three (!) years old SkyLake uArch. Meanwhile AMD Zen uArch has a very strong IPC performance and is only lacking in top frequencies, however AMD CPUs also have a very competitive TDP.
Add Meltdown, Spectre, Brian Krzanich selling all his shares (and leaving the bare minimum allowed by corporate laws) to the mix and the picture becomes quite grim. Perhaps shareholders were happy to use this excuse to let him go. In another (successful) corporation and under different circumstances this incident perhaps would have been brushed under the carpet.
A lot of people deluding themselves here IMO. Literally no ones cares BK slept with his secretary. That stuff just goes away at this level. This is just cover for tossing him after blowing the manufacturing lead and other leadership failures. They don't want to spook the shareholders.
That's my opinion, also.
My guess is that the Intel Board of Directors is trying to hide why they are firing the CEO. Krzanich was only slightly better than the previous CEO, Paul Otellini, in my opinion.
The Meltdown and Spectre bugs and the amazingly poor way Intel handled the issues could be one of the reasons for firing Krzanich.
See my comment on another story: Updated: Intel's YEARS of insufficient management.
Intel is extremely important to the entire world. How can the Board of Directors find a better CEO, when the Board has made mistakes in the past?
Intel is shockingly bad at communicating, in my opinion. Two people decided to have sex with each other? That's Intel's news?
" 'code of conduct' gets developed at a large company in order to treat employees more or less equally,"
Incorrect. It is a rule made by sociopaths to maintain control. Upper management rarely thinks in terms of culture, fairness, and compassion. Even more rare when dealing with the company.
I object to power without constructive purpose. --Spock
Executives fuck their secretaries all the time. You don't really think all those beauty queen secretaries are hired for their ability to perform the tasks outlined in their job description, do you? In my past lives, the general manager had company paid for one of his secretary's breast implant operation. (Yes, he was fucking them both.)
ELOI, ELOI, LAMA SABACHTHANI!?
It is staggering that any company thinks it has any right to interfere in personal private relationships. When they can exercise control over your sex life ..., Used to be a criticism leveled at religion. This would be laughed at in Europe