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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.
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"
after being caught
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"that all employees will respect Intel's values and adhere to the company's code of conduct,"
How exactly does not adhering to the company's code of conduct show that?
Complete with quotes from the original e-mail sent out to employees at 6:15am PDT. Within 20 minutes, was on slashdot.
SJW: a person who perceives an injustice, and while correcting it, commits a greater injustice.
Its is funny how so many C-Level execs forget the FIRST rule of business:
NEVER mix business and pleasure.
There is a reason people set boundaries -- so they (almost) never have to worry about the two interfering. Of course it doesn't 100% prevent getting fucked over but it could always be worse if you are "involved."
--
Atheist, noun, a spiritual blind man arguing there is no such thing as color.
>> non-fraternization policy
Non fratzernization ? What's this kind of BS ?
aaaaaaa
I did not get it. Was it female or male employee?
I looked up in the WIkipedia: Fraternization (from Latin frater, brother) is "turning people into brothers".
What "non-fraternization policy" may mean?
hope it was worth your job Brian. She's probably laughing her ass off right now
I came to the datacenter drunk with a fake ID, don't you want to be just like me?
This is a face-saving (for Intel, not him) way of ushering him to the door without encouraging stockholders to pay more attention to how the company is performing.
That he was replaced with a finance guy instead a techie doesn't bode well, and suggests Moore's law is about to slow down even further (due to economics as much as physics).
Intel Inside
I wonder what his wife and two daughters think about that. Another Republican with loose morals.
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.
Relationship was consensual. Policy is wrong -- employers should butt out of employees'/managers' private lives when they're off the clock. He was right to keep his private life private -- shame that someone snitched on him. Petty snitches make life worse for everyone.
Refreshing to see upper management held to the same company standards as the rest in the management chain. Too often, C-level and board members are given a pass after taking a pass at a subordinate while those further down the chain are crucified for the same behavior.
Organization? You must be joking..
I they get caught.
If he respected said policies, he would not be in trouble now.
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.
her position beneath him
HIIIIYYYYOOOO!!!
I'm an engineer...that would not be a perk for our engineering managers.
Everything is political, always, 24/7. Who needs Russian trolls when we have Americans that will do it for free.
It might be that this other person sat in meetings with him and it could be seen as an colluding to force an agenda. Or the other person might report to a manager that reports to Krzanich and this manager would then feel as if they are being watched or undermined by the relationship. There are other reasons than sexual misconduct to ban some relationships in a company.
Firing him for cause like this probably prevents intel from having to pay a golden parachute.
Your ad here. Ask me how!
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?
Don't shit where you eat. ... none of those.
Thanks means don't screw anyone (sexually) where you get paid.
Bosses, employees, contractors, clients, customers
On 1 exception that I know ... Hooters chics and strippers. They can screw (sexually) their customers, if they like, but never their employees or bosses. Especially Chrissy at the Cumberland hooters, please.
For the younger readers, keep this in mind. Company policies are only there to give HR excuses! If you piss off the wrong people (especially a vindictive HR person) you'll have policies thrown at you by makeshift prosecutors (or actual staff lawyers) including ones they themselves have broken in the past.
Also be wary of staff who seem to know the company policies too well; because it often indicates a nasty person (or somebody who managed to escape an attack.) Normal people don't memorize the whole policy handbook; most people don't even read the whole thing and certainly decisions are often made without consulting it or following it (the larger it is the more likely it's BS only used as a fallback when fears of court cases arise.)
Democracy Now! - uncensored, anti-establishment news
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
The CEO could have changed that policy if he wanted to, in order to make it more lenient. e.g. any relationships must be disclosed to HR, and can't be between two people where one has power over the other, etc. That is what a lot of places do. I have worked with people that met at work and ended up getting married. It happens, and companies should deal with that. I don't think the policy is right either, but the CEO agreed to it just like everyone else.
Of course, changing it wouldn't have really helps HIS situation as CEO since he would have a position of power over everyone.
My beliefs do not require that you agree with them.
pretty much...
"The stock sales just ahead of the announcement of those issues [Spectre and Meltdown] are rather suspicious though."
I linked to a story about that in a previous comment: Intel was aware of the chip vulnerability when its CEO sold off $24 million in company stock. (Jan. 3, 2018)
There are so many areas of insufficient management at Intel that commenting on them always focuses on one or a few areas. A fully examined list would be a book, not a comment.
California law allows the Labor Commissioner to file claims for lost wages for someone unreasonably fired for doing legal things outside of work. However, there is an exception for situations where those actions would potentially harm the business, and in particular, it is generally believed that the exception does not prevent anti-fraternization rules involving dating subordinates. As a rule, it is acceptable to have those rules, and typically, people transfer to other positions to avoid those sorts of conflicts of interest.
What makes this problematic in this particular case is that there are no employees who aren't the CEO's subordinates. This potentially leads to questions about whether such a rule is reasonable under the circumstances, but that would likely involve a long, drawn-out court case. This is probably why he was allowed to resign, rather than being fired, which makes it much harder for him to sue.
Check out my sci-fi/humor trilogy at PatriotsBooks.
He was impeached because he lied under oath. I never understood why he did. By that time he was already in his second term. He could have told the truth and no one could have done anything to him, except wag their finger. Stooping an intern is neither a high crime nor misdemeanor. A president can't be impeached for such an action. He probably can't even be sued over it, at least not until he's out of office. Was he afraid of looking bad? He certainly couldn't have been worried about Hillary. She had covered before for him. He was probable just worried everyone would realize he's pond scum.
If this is an honest question: Yes it means that a husband and wife cannot work in the same managerial chain irregardless of their past relationship.
This is the policy at the company I work for. Spouses cannot work in the same department. One cannot be the boss of the other. They shouldn't even be dating.
Spouses can work in different departments, even if one is a boss and the other not.
During interviews we ask if you know anyone at the company or are related to them. If the answer is yes and hiring you would cause a policy conflict we don't hire you. If you lie and we find out later you're terminated.
I remember one case where two married workers from associated departments ran into a problem when one was up for promotion. The position managed both departments. The spouse was moved to a third department so that they wouldn't be in violation of the policy.
Distribution of AMD and Intel x86 computer processors worldwide, from 2012 to 2017, by quarter
Intel: 77.7%. AMD: 22.3%. Intel sells 3.5 times as many CPUs as AMD.
I think they are Spectre-lating. But I did hear they was some Heartbleed. I’m sure there was a Meltdown at some point..
No one should have to beg and scrape to their boss for permission to date someone.
Intel suffered major blows, just check on youtube reviewers reaction to their "counter to ThreadRipper 2".
This is merely an excuse,not the reason.
If you want to have a relationship with a subordinate the right thing to do is to remove yourself from a position of power over them.
Easy enough to say, but given he was CEO, everybody in the company was subordinate.
Which are you recommending, that he quit his job, or that he fire his innamorata?
They don't. They can quit their job instead.
What, you want to be able to create a conflict of interest, damage staff morale through the perception of unfairness, maybe even exploit your position to take advantage of junior members of staff?
Fuck it, quit your job anyway, your company will be better off without you.
What if you ARE the junior member of staff who wants to date someone above you? BTW - the requirement to report to a boss and beg/scrape for permission also applies to relationships between equal employees. No one should be forced to choose between pursuing love and having an income.
Was this the same guy who unloaded a bunch of Intel stock right before the announcement of the CPU problems?
There's no time like the present. Well, the past used to be.
Please buy our CPUs, the company is now under new management.