A new report states that Intel CEO Brian Krzanich sold $24 million in stocks in November shortly after the company was made aware of a massive vulnerability in the computing giant’s processors.
Business Insider reports that the CEO of Intel, Brian Krzanich, sold $24 million in stocks and options in November after Intel was informed by Google of a security vulnerability in almost all CPU’s, including Intel’s products. The recently revealed vulnerability could give hackers access to user’s passwords, financial data, browsing history and many other records stored on their computer, resulting in panic amongst operating system developers who are quickly working to patch the bug. While the vulnerability was made public recently, tech companies were made aware of the issue months ago. According to an Intel representative, Google informed Intel of the vulnerability in June 2017.
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3 comments:
Sounds like a simple case of insider trading.
Could qualify as 'insider trading'. Should be looking for new job, courtesy of Board of Directors, just on appearances.
Martha steward?
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