Intel CEO Sold Off $24M in Stock After Google Reported Chip Vulnerability

Intel’s CEO Brian Krzanich sold off no less than $24 million in company stock in late November in a move that took many by surprise, mostly because this left the executive with only 250,000 shares, which is the minimum required by the firm as part of the employment agreement.

The controversy around this unexpected sell-off is fueled today by the revelations of a major vulnerability affecting Intel chips,which makes it possible for malicious actors to steal passwords and other sensitive data from any computer powered by Intel hardware.

Google had discovered the security flaw and reported it to Intel in June last year, only a few months before the company’s CEO took the decision to sell off the shares.

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