Thursday, June 21st 2018

Intel CEO Brian Krzanich Resigns - For Having Sex With Colleague

Press Release by
W1zzard
 Discuss (123 Comments)
Intel Corporation today announced the resignation of Brian Krzanich as CEO and a member of the board of directors. The board has named Chief Financial Officer Robert Swan interim chief executive officer, effective immediately.

Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee. An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers. Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr. Krzanich's resignation.
"The board believes strongly in Intel's strategy and we are confident in Bob Swan's ability to lead the company as we conduct a robust search for our next CEO. Bob has been instrumental to the development and execution of Intel's strategy, and we know the company will continue to smoothly execute. We appreciate Brian's many contributions to Intel," said Intel Chairman Andy Bryant.

Intel expects to deliver a record second quarter, with revenues of approximately $16.9 billion and non-GAAP EPS of approximately $0.99. With accelerating data-centric revenue, the company is off to an excellent start in the first half of the year and expects 2018 to be another record year. Intel will provide full second-quarter results and an updated outlook for the full year on the second-quarter earnings call on July 26.

As interim CEO, Swan will manage operations in close collaboration with Intel's senior leadership team. Swan has been Intel's CFO since October 2016 and leads the global finance, IT and corporate strategy organizations. He previously spent nine years as CFO of eBay Inc. Earlier, he was CFO of Electronic Data Systems Corp. and TRW Inc. He has also served as CEO of Webvan Group Inc.

Swan added, "Intel's transformation to a data-centric company is well under way and our team is producing great products, excellent growth and outstanding financial results. I look forward to Intel continuing to win in the marketplace."

The board has a robust succession planning process in place and has begun a search for a permanent CEO, including both internal and external candidates. The board will retain a leading executive search firm to assist in the process.

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123 Comments on Intel CEO Brian Krzanich Resigns - For Having Sex With Colleague

#51
Upgrayedd
ssdproAnother example of society correcting by over-correcting. The behavior police are basically over-correcting to leaving almost no way to meet people. If work, that is power abuse (because the underling must be naive and weak). Bars... nope that means alcohol might be involved and thus no consent. Online? No, that might mean misrepresentation and corporate involvement. The park? No way you creep don't wander the park trying to determine what mate is married or caring for a child. I attached the old fashioned way. Sized up my college roommate's girlfriend, subtly advertised how more advanced I was, waited, wasted his time frolfing and playing video games so he wouldn't study and flunked out of school. Bingo... kicked his butt out and his ex-girlfiend in. Happily married 15 years. All ethical and on the up and up.
Does your wife know you savagely sabotaged someone's life? Also I feel like 15 years ago all those things were fine to do lol
Posted on Reply
#52
TheGuruStud
SlizzoNo real overcorrection here @ssdpro . He was forced to resign because he violated a company policy (managers are not allowed to fraternize [have relationships] with anyone that is subordinate to them). It was noted that the relationship was consensual, so nothing morally wrong happened here.
No, he was forced out, b/c Intel is scared and investors are getting very worried. They just needed some dirt for an excuse to save face (and probably avoid payouts). This happens at every company every day and people aren't being fired right and left. He's not "performing", so his time's up.

Yeah, they totally just found out about a past relationship. Lol. The lies, today, are so bad.
Posted on Reply
#54
Hood
TheMailMan78Dude that guy was pounding it like a flank steak. Title of thread 100% fact. You don't get fired for flirting. You get fired for a board member seeing you getting the gorilla grip from your secretary.

On a side note this guy looks like he was flatting out some chick that looks like Toni Basil. Outfit and all and BAM! CFO walks in and is all like "WTF BRIAN! THATS WHERE I MAKE MY COFFEE!"
Read the original post. It says he was fired because Intel was informed that he had a PAST relationship with another employee. Nobody caught him doing anything. For all we know, their relationship consisted of going to bingo games together.
Posted on Reply
#55
TheMailMan78
Big Member
HoodRead the original post. It says he was fired because Intel was informed that he had a PAST relationship with another employee. Nobody caught him doing anything. For all we know, their relationship consisted of going to bingo games together.
Yes Im sure they fired the CEO of a billion dollar company because he had an unsanctioned game of Bingo.
Posted on Reply
#56
trparky
I feel sorry for the next CEO of Intel, they can't just drive along with cruise control on; they have to actually get off their lazy butts and do something.
Posted on Reply
#57
Hood
TheMailMan78Yes Im sure they fired the CEO of a billion dollar company because he had an unsanctioned game of Bingo.
I said "for all we know", and yes, they probably would use that as an excuse to fire someone, since even that is against company policy. If he was seen in a restaurant with her by his boss or hers, same result, even if it was their first date, and he never had the opportunity to have sex with her. The policy is against fraternization - Which is defined as "associate or form a friendship with someone, especially when one is not supposed to". That's a very broadly defined word in this context, and is no doubt enforced very selectively, like when they need an excuse to fire someone, and don't wish to reveal the true reason.
Posted on Reply
#58
TheMailMan78
Big Member
HoodI said "for all we know", and yes, they probably would use that as an excuse to fire someone, since even that is against company policy. If he was seen in a restaurant with her by his boss or hers, same result, even if it was their first date, and he never had the opportunity to have sex with her. The policy is against fraternization - Which is defined as "associate or form a friendship with someone, especially when one is not supposed to". That's a very broadly defined word in this context, and is no doubt enforced very selectively, like when they need an excuse to fire someone, and don't wish to reveal the true reason.
Im thinking he had the fish at this dinner.
Posted on Reply
#59
mtcn77
ssdproAnother example of society correcting by over-correcting. The behavior police are basically over-correcting to leaving almost no way to meet people. If work, that is power abuse (because the underling must be naive and weak). Bars... nope that means alcohol might be involved and thus no consent. Online? No, that might mean misrepresentation and corporate involvement. The park? No way you creep don't wander the park trying to determine what mate is married or caring for a child. I attached the old fashioned way. Sized up my college roommate's girlfriend, subtly advertised how more advanced I was, waited, wasted his time frolfing and playing video games so he wouldn't study and flunked out of school. Bingo... kicked his butt out and his ex-girlfiend in. Happily married 15 years. All ethical and on the up and up.
So ironic that Intel of Mr. Krzanich did back the moralist feminists(a.k.a. high horsers of the by-gone Clinton Era).
Posted on Reply
#60
Hood
TheMailMan78Im thinking he had the fish at this dinner.
Red snapper?
Posted on Reply
#61
mtcn77
mcraygsxThis is what happens when you are put in leadership position but take advantages of everyone and everything under you.

In my opinion they should've put Andy D. Bryant in charge.
newsroom.intel.com/biographies/executive-management/

newsroom.intel.com/news-releases/intel-ceo-brian-krzanich-resigns-board-appoints-bob-swan-interim-ceo/
What happened to Mrs. Diane Bryant who was at the head of the datacenter group? She had the aura of leadership, imo.
TheGuruStudNo, he was forced out, b/c Intel is scared and investors are getting very worried. They just needed some dirt for an excuse to save face (and probably avoid payouts). This happens at every company every day and people aren't being fired right and left. He's not "performing", so his time's up.

Yeah, they totally just found out about a past relationship. Lol. The lies, today, are so bad.
Why are HR-Department hit jobs so below the belt these days?
Posted on Reply
#62
TheMailMan78
Big Member
ssdproAnother example of society correcting by over-correcting. The behavior police are basically over-correcting to leaving almost no way to meet people. If work, that is power abuse (because the underling must be naive and weak). Bars... nope that means alcohol might be involved and thus no consent. Online? No, that might mean misrepresentation and corporate involvement. The park? No way you creep don't wander the park trying to determine what mate is married or caring for a child. I attached the old fashioned way. Sized up my college roommate's girlfriend, subtly advertised how more advanced I was, waited, wasted his time frolfing and playing video games so he wouldn't study and flunked out of school. Bingo... kicked his butt out and his ex-girlfiend in. Happily married 15 years. All ethical and on the up and up.
Did you not get the memo? Bros before Hoes? You straight up broke the bro code. Uncool man. Uncool. If I were that room mate and you did that to me......like straws?
Posted on Reply
#63
Fluffmeister
So he is rich and getting laid?

The TPU community will teach him a lesson!
Posted on Reply
#64
mtcn77
I have to say - the community has changes these last few years. I'm losing sense of the right conduct. There is more derision. This is he;
*Good times...*
(quite a mellow presence, tbh).
Posted on Reply
#65
HammerON
The Watchful Moderator
Sadly, I have attempted to moderate this thread and have handed-out several warnings (with no points attached). I feel it is a losing battle at this point.
Can we please try to be civil and cut down on the rhetoric? I understand that due to the nature of the topic that my request is almost impossible...
Please try though.
Posted on Reply
#66
Eric3988
Lots of funny replies here. I love the puns and whatnot, but seriously he knows the policy. Sounds like a dumb policy that goes against human nature, but I'm sure Brian will be okay in the end
Posted on Reply
#67
Prima.Vera
Hipocrysy all over this thread. Common guys, If you were a CEO or CIO or CFO and you yould have some overlysexy girls as your subordonates, you are telling me that eventually you wouldn't crack?? Especially if the girls/woman respond back? ;) Common.
Posted on Reply
#68
trparky
Prima.Verayou are telling me that eventually you wouldn't crack?
Yeah, I'd probably crack; no doubt about it. It'd take a lot of "won't power" to stop myself, I would have to find a lot of it because a lot of companies are like this. It doesn't matter where you work be it business, retail, or restaurants... it doesn't matter, you'll find that "no dating your co-workers" rule everywhere.

There's a phrase that comes to mind... don't shit where you eat.
Posted on Reply
#69
Caring1
Eric3988Lots of funny replies here. I love the puns and whatnot, but seriously he knows the policy. Sounds like a dumb policy that goes against human nature, but I'm sure Brian will be okay in the end
Knowing the policy, and abiding by it are two different things, on his salary he could have fired the person he was having sex with and hired them privately, making them a personal sexratary complete with condo.
Posted on Reply
#70
trparky
Caring1personal sexratary complete with condo
Wow. That's good. Creative. :laugh:
Posted on Reply
#71
TheMailMan78
Big Member
I wouldn't crack. Never have and I have had women work "under" me for years. If you are married its easy. Just gotta stick to your vows. Now if I were single I would lay the pencil sharpener.
Posted on Reply
#72
Regeneration
NGOHQ.COM
He was having an affair. Brian Krzanich is married + 2.

The face of the company can't be a cheater.
Posted on Reply
#73
R-T-B
TheMailMan78Now if I were single I would lay the pencil sharpener.
Yeah... thinking that's not a good idea my friend. And I'm single.

I'm assuming you married the first pencil sharpener then? My... sympathies.
Posted on Reply
#74
remixedcat
Ha ha hearing this when I'm listening to Paris Hilton's "Screwed" :o
Posted on Reply
#75
jigar2speed
JizzlerTo be CEO is to be non-human. This is why we hire them at the salaries they draw. The board should not have to suffer such fools!

My building is 80% woman and some how my dick stays in my pants.
Not every situation is same, Men or boys get jelly if they are approached first by girls, i have seen good married men make mistake just because once in their life time they got approached from the women. In the end of the day, everyone is different and the situation is different. You have zero clues what he might be going through his personal life. May be this affair was worth it or may be not.
AlienIsGODIntel INSIDE!!! pun intended :p
CEO took this very seriously. :D
Posted on Reply
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