Astounding coincidence: Intel's CEO liquidated all the stock he was legally permitted to sell after learning of catastrophic processor flaws

Cory Doctorow 2:20 pm Thu Jan 4, 2018

Five months after learning of the devastating Spectre and Meltdown bugs, Intel CEO Brian Krzanich sold off more than $39,000,000 worth of his Intel stock, all he was permitted to liquidate.

An Intel spokesman says the timing was a coincidence.

While an Intel spokesperson told CBS Marketwatch reporter Jeremy Owens that the trades were "unrelated" to the security revelations and Intel financial filings showed that the stock sales were previously scheduled, Krzanich scheduled those sales on October 30. That's a full five months after researchers informed Intel of the vulnerabilities. And Intel has offered no further explanation of why Krzanich abruptly sold off all the stock he was permitted to.

Intel CEO sold all the stock he could after Intel learned of security bug [Sean Gallagher/Ars Technica]

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