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Intel CEO resigns after relationship with employee

nytimes.com

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Re: Intel CEO resigns after relationship with employee

#21

Post by puzzle »

exelius wrote: post #8
poster123 wrote: post #2

What is the Intel non-fraternization policy? What romantic relationships are banned?

At most companies it basically means that a manager should not have a romantic relationship with anyone in their chain of command. In the case of a CEO this would extend to the entire company. I know it sounds punitive, but it’s really a question of fairness to every other employee working for that manager — nothing improper needs to be done by either party for it to negatively impact the other employees. It also dis…

It also deters blackmail from other parties, if the relationship is not public.

Re: Intel CEO resigns after relationship with employee

#22

Post by ckastner »

Relationships among employees are very hard to keep concealed -- especially so when you're in a very exposed position, as a CEO is. At some point, somebody is going to notice something.

If this is the case, then I'm pretty sure that this knowledge had reached the board long before. Rumors spread fast, after all.

That leaves me to wonder as to the timing of this action. Krzanich received a lot of flak over the past months... it's not entirely unthinkable that the board was sitting on this information and only now used it to get rid of Krzanich without making it look like it's one of the other major issues he could technically be blamed with.

Re: Intel CEO resigns after relationship with employee

#23

Post by mtgx »

code4tee wrote: post #12

A board doesn’t fire its CEO because they went on a few dates with someone a while back—even if that’s against company policy. Getting the popcorn out to see how this unfolds...

They had so many reasons to push him out. I feel like the board has been aware of the relationship for a while, but they got together one day to figure out which public reason to give for the ousting of Krzanich. And they chose this, which is probably the reason with the least negative impact on whatever is left of Krzanich' career. He may even get high-fives for it at his next gig.

At the end of the day, they had to get rid of him, not just for the insider trading, which is probably one of those "everyone does it" things in corporate America, but primarily because he seemed completely incapable of keeping Intel competitive against AMD's offensive over the next few years. Plus, under Krzanich's watch Intel lost its multi-year leadership in process technology.

Re: Intel CEO resigns after relationship with employee

#24

Post by JumpCrisscross »

dokein wrote: post #19

So obviously relationships are bad when there's a power dynamic, and between different management levels is a common subset of this. However it feels like many people are spending more and more time at work, and it also seems cruel to say: "you cannot get to know anyone romantically during 50-75% of your waking day."

> you cannot get to know anyone romantically during 50-75% of your waking day

Few companies have such strict relationship policies.

Re: Intel CEO resigns after relationship with employee

#25

Post by morogop »

sbinthree wrote: post #5

There is no way you would fire a CEO you actually wanted in place because they had a consensual relationship with a subordinate in the past . Why are US companies always so aggressive about moralising these issues? No one would take issue if he carried a gun at work. Why is it that corporate morals rule?

Because there are other reasons, and only an absolute fucking moron would think a few consensual dates were the only driver.

Congratulations on being a zero-intelligence, non-critical thinking idiot.

Re: Intel CEO resigns after relationship with employee

#26

Post by ghaff »

code4tee wrote: post #12

A board doesn’t fire its CEO because they went on a few dates with someone a while back—even if that’s against company policy. Getting the popcorn out to see how this unfolds...

There's either a lot more to this particular story or the board wanted him gone for other reasons. cf. Mark Hurd. Anyone who believes the story as given should really think twice the next time someone offers to sell them a bridge. (I suppose ICOs are the appropriate item those days.)

Re: Intel CEO resigns after relationship with employee

#27

Post by dooglius »

sbinthree wrote: post #5

There is no way you would fire a CEO you actually wanted in place because they had a consensual relationship with a subordinate in the past . Why are US companies always so aggressive about moralising these issues? No one would take issue if he carried a gun at work. Why is it that corporate morals rule?

>No one would take issue if he carried a gun at work

You really don't think so? I'm no CEO but I imagine carrying a gun around would at least warrant some public criticism, particularly for a tech CEO in the San Francisco Bay Area.

Re: Intel CEO resigns after relationship with employee

#29

Post by [deleted] »

dokein wrote: post #19

So obviously relationships are bad when there's a power dynamic, and between different management levels is a common subset of this. However it feels like many people are spending more and more time at work, and it also seems cruel to say: "you cannot get to know anyone romantically during 50-75% of your waking day."

[deleted]

Re: Intel CEO resigns after relationship with employee

#30

Post by frockington »

sbinthree wrote: post #5

There is no way you would fire a CEO you actually wanted in place because they had a consensual relationship with a subordinate in the past . Why are US companies always so aggressive about moralising these issues? No one would take issue if he carried a gun at work. Why is it that corporate morals rule?

Is it really acceptable for a manger to have sexual relations with direct reports in other countries? That seems so 1950s Mad Men era from an American perspective
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