The head of Intel suspected of selling the company's shares at $ 24 million due to the vulnerability of processors
The publication Business Insider has learned that the head of Intel, Brian Krzhanich (Brian Krzanich), has sold a significant portion of the company's shares, already aware of the serious vulnerability of its manufactured processors. In November, a top manager sold his shares and options to the company for $ 24 million. At the moment he owns only 250 thousand shares - this is the minimum that he should have in accordance with the contract.
In June, Google researchers told Intel executives about the vulnerability of their products. Because of it, hackers can access the personal information of users of computers based on Intel processors.
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About the found vulnerability it became known only on January 2 from an article published by The Register. After that, Intel shares fell in price.
According to the US Securities and Exchange Commission (SEC), the head of Intel notified the agency of the intention to sell the shares on October 30 - at that moment he should have been aware of the vulnerabilities. The representative of the SEC declined to comment on the possibility of checking the transaction.
Representatives of the company report that the transaction was conducted in accordance with the plan and has no connection with the detected vulnerability. It is also emphasized that the number of shares remaining in Krzhanich corresponds to corporate standards.
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Source: https://habr.com/ru/post/346152/
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