TOBY SHAPSHAK: Chips are down for Intel boss
The resignation of the company’s CEO over a moral infraction is an astounding display of ethics. We can learn from it
A remarkable thing happened in the tech world last week — something that would be more astounding only if it occurred in the local political or business worlds. Intel CEO Brian Krzanich resigned after the semiconductor chip maker’s board found he "had a past consensual relationship with an Intel employee". It’s an entirely unexpected end to an otherwise stellar career for 58-year-old Krzanich, who has been fighting to make Intel relevant in the post-PC world. He has pushed to move the chip maker from producing the processors used in PCs to those used in data centres and cellphones. Named CEO in May 2013, he oversaw a 120% rise in the firm’s share price. But earlier this year Intel was hit with a huge scandal when two security vulnerabilities were revealed that could open chips designed by the company — and competitors AMD and ARM — to being hacked. Intel said in a statement last week that "an ongoing investigation has confirmed a violation of Intel’s nonfraternisation policy, which ...
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