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The office affair which sparked Intel CEO Brian Krzanich's surprise resignation on Thursday started a decade ago and ended before he became CEO in 2013, The Wall Street Journal reported.
That relationship was with a woman who still works at Intel, the report said.
She was reportedly a middle manager at the start of the relationship and didn't work closely with Krzanich.
Krzanich, whose wife Brandee previously worked at Intel as a process engineer, became CEO in 2013.
Krzanich announced his resignation after the affair, a violation of company policy, was reportedly brought to the attention of the corporate counsel on June 14.
The policy he's accused of violating, which prohibits managers from having sexual and romantic relationships with direct and indirect reports, was put in place in 2011.
How nice that they mentioned he met his wife at Intel. I'm not a BK fan but I do not think he nor his family deserves this. BK is too young to retire and they couldn't fire him for performance reasons because Intel is doing so great, right? Intel corporate sucks.
He was probably pushed out by two different cliques, one in israel that didn't want to work with him any more and the other in the us with a dog eat dog culture where everyone is out for themselves. I'll say this Andy Bryant looks like a creep. People having a sugar baby relationship with kids of fired employees is common in the Beaverton and Hillsboro area. Don't know about Andy Bryant but it wouldn't surprise me.
Looking back I think the Intel Contra Revenue scheme to get into mobile was one of the worst things to happen under BK. Here are a couple of threads which discuss it in detail. My guess is that Intel lost 10s of billions of dollars onmobile including the acquisitions, contra revenue, and other expenses:
But the Intel's board of directors under Chairman Andy Bryant's leadership approved each of those schemes. My thoughts on this is:
1. Among nine Intel's board members, including Chairman Andy Bryant there're six of them with finance/investment background. They either proposed or endorsed the "Contra revenue" gimmick.
2. Among the current nine Intel's board directors, only Professor Tsu-Jae King Liu is really working closely with semiconductor technology and semiconductor industry. Rest of them are nice people with interesting background. But I can't tell if they have the depth and width to understand or even to guide this $62 billion (2017 revenue) "semiconductor" company.
3. How can Intel's board make those wrong decisions and come to today's situation? One obvious culprit is the Chairman Andy Bryant.
Good point. Bryant is the one who hired BK, why is he not gone? Another question, why didn't BK just go quietly? Why the big PR show? This whole thing does not pass the sniff test. It really is a pile of manure.
Well said. The truth is BK was fired for the complete failure of Intel's manufacturing division TMG at 10nm. Intel lost the mobile wars to TSMC/Samsung/ARM and the 10nm debacle has put them firmly behind TSMC and from the looks of it even GF and Samsung would overtake Intel before they get to 10nm HVM. Whats really bad is Intel were overaggressive with 14nm and 10nm density targets. 14nm had initial yield issues which took 1-2 years to sort out. But with 10nm Intel went crazy chasing leadership performance and density.
The fact is Intel fired BK for non performance. The PR reason given for firing BK is bs. We know the truth. I would have appreciated Intel if they had been honest enough to admit that they messed up 10nm and BK was fired for that. But they cannot do so as that will tank their share price. But frankly Intel can save the PR bs for the gullible ones.
I'm sure this is/was a "FORCED RESIGN" that we will learn much about the topic in the coming months. "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." (!?). What a "convincing explanation". I really wonder that if I'm the only one that find this err... something funny... (Excuse me for my English mistakes).
