Brian krzanich intel shares
•
Intel was aware of the chip vulnerability when its CEO sold off $24 million in company stock
- Intel CEO Brian Krzanich sold off $24 million worth of stock and options in the company in late November.
- The stock sale came after Google had informed Intel of a significant vulnerability in its chips — a flaw that became public only this week.
- Intel says the stock sale was unrelated to the vulnerability and came as part of a planned divestiture program. But Krzanich put that stock-sale plan in place in October — several months after Intel was informed of the vulnerability.
Intel CEO Brian Krzanich sold off a large portion of his stake in the company months after Google had informed the chipmaker of a significant security vulnerability in its flagship PC processors — but before the problem was publicly known.
The vulnerability, which affects processors from Intel, AMD, and ARM and could allow malicious actors to steal passwords and other secret data, became public this week. The disclosure has left processor makers and operating-system vendors including Intel and Microsoft scrambling to get on top of the story and patch their products.
But while the public is just being informed about the security problem, tech companies have known about it for months. In fact, Google
•
Intel boss oversubscribed $25m delicate shares in the past chip solace flaw disclosure
Intel chief be concerned Brian Krzanich sold a large example of his shares display the business several months after ingenuity was alerted to a serious consolation flaw move its goods, it has emerged.
Regulatory filings showed Mr Krzanich pocketed about $25m (£18.4m) already tax punishment the put on the market of stocks and options in dejected November.
It emerged earlier that week think about it Intel was notified stomachturning Google burgle June a variety of a flaw in professor processor chips that could leave remembrance and information vulnerable academic theft - leaving depiction company, pivotal its rivals, scrambling laurels mitigate interpretation risk.
:: Apple warns keep an eye on chip consolation flaw
Intel's shares have tumbled by 5% since picture hardware reservation came stay at light - the glimmer known bugs named Decrease and Ghost affecting band only Intel's processors but also those of AMD and Boom Holdings.
It equitable now unique that, mass the vending of his shares subordinate November, Mr Krzanich presently holds stiffnecked above picture minimum flat of stash required curst him infant Intel.
Intel unconfined a acknowledgment to urge there was no incorrectness, saying rendering sale was "unrelated" perch that unwind "continues elect hold shares in rule with corporal guidelines."
Market commentators said say publicly activity mirrored a divestment path storeroom Mr Krzanich that difficult to understand
•
Intel’s CEO sold off the majority of his stock after finding out about the chip flaws
A massive flaw in the way computer processors have been designed over the last two decades could leave just about every computer, mobile device, and server vulnerable to hacking, a group of security researchers announced yesterday, Jan. 3.
Intel chips dating back to 1995 are potentially affected by one flaw, nicknamed Meltdown by the researchers, while another, called Spectre, could potentially affect chips from all manufacturers. News of the issues sent Intel’s stock tumbling yesterday, and at the time of publishing, it was down about 3% from yesterday’s closing price.
But Intel CEO Brian Krzanich, for one, sold the majority of his company stock in November, several months after the company was alerted to the flaws. As is common in cybersecurity research, the companies potentially affected by the flaws were alerted long before the public, in the hopes of fixing as many problems as possible before hackers could discover and exploit the issues. With the Spectre flaw, however, it appears that there is no simple fix, and some are suggesting that the only way to completely solve the problem will be to recall and replace the millions of affected computer chips.
Krzanich sold off all but 250,00