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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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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.
Because they abided by it, including the spelled out consequences of violating it, even if it is the CEO.
C level execs can't chill with the employees. They might accidentally develop human feelings that might cause them to view their employees as people and not just cogs in the machine. Next thing you know, they might start treating them with compassion, and you know that's no good for the shareholders!
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
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?
>> non-fraternization policy Non fratzernization ? What's this kind of BS ?
Well known to any military.
Officers can't socialize with enlisted. (And, possibly, senior enlisted can't socialize with junior enlisted.)
It's detrimental to good order and discipline. Either you end up giving/getting special treatment - intentionally or not - or else others think you do, are suspicious that you are, etc.
Intel Inside
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..
He probably left with a nice severance "package" and can walk out, start his own company, get a teaching gig, move to the beach in Thailand, etc. Who has the last laugh? He's hardly impoverished.
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.
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.
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?
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.)
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I wonder what his wife and two daughters think about that. Another Republican with loose morals.
Maybe he thought he could get away with it....seemed to work for this guy.
https://en.wikipedia.org/wiki/...–Lewinsky_scandal
If you post as Anonymous Coward, don't expect a reply.
" '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
Fortunately, private life isn't the military -- employees shouldn't be treated like soldiers.
But the exact same underlying implied and always existing possibility of coercion exists. That's the problem. There is no way to eliminate the thought of possible retaliation from the mind of the underling, and therefore true consensuality is impossible.
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!?