Thread regarding Intel Corp. layoffs

Nothing wrong with BK stock sale

To the trollers who keeps posting about the Intel CEO stock sale.

There was nothing wrong with the BK sale of stock.

The sale was set well in advance and was part of his stock compensation draw down.

Stop posting that is was wrong or illegal.

It was fair and square compensation and was done in a proper legal manner.

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| 1111 views | | 8 replies (last January 6, 2018) | Reply
Post ID: @OP+R53FGDa

8 replies (most recent on top)

I agree with original post that BK has not done anything wrong and did not do insider trading. Stop this troll as he is driving company in the right direction.

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Post ID: @1slw+R53FGDa

Google told Intel about the problem in June and the stock plan was put together in October....... Now on what planet does that look good?

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Post ID: @1fen+R53FGDa

Nobody knows the future of the company better than the insiders, if they knew 2018 was going to be glorious, you think they would sell.

If BK knew 2017 was going to be so good,what ACT would he have done.

No they know what is coming and how the stock will react, take the money now.

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Post ID: @fsu+R53FGDa

2017 full year numbers will be good as it rises on the back of depreciated and high yielding 14nm, but hidden in the detailsp will be what happens on 10nm in 2018. That is why every major insider is selling

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Post ID: @gai+R53FGDa

Today's rise is a gift, folks. Short the sh*t out of this stock.

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Post ID: @dgo+R53FGDa

Nothing “illegal” but greed is clear.

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Post ID: @nik+R53FGDa

Op is blaming the "what they called mole" for the 2015 stealthy layoff. But not the management who did that. Will be promoted by BK

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Post ID: @scr+R53FGDa

Of course it was legal, but the perception is anything but that.

As CEO you role model ethics, what is the perception here?

What was the ethics trading about perception of integrity here.

CEOs sell stock for all kinds of reasons: diversification, liquidity, financing a big purchase. But that's a massive amount of stock that Krzanich dumped, and holding the minimum isn't a great look.

"In all the years I've been at this and of all the companies I've covered, I can't recall another single massive sale on this scale," Rasgon said.

Krzanich sold stock 18 times in 2016, but none of those sales approached the size of his 2017 year-end cash-out. He ended 2016 with 18,000 more shares than he started.

The timing of the November sale doesn't look great either.

"He's an engineer; he can do math," said Stacy Rasgon, an Intel analyst at Sanford Bernstein. "This is not an incredibly bullish statement regardless of the security stuff."

The funny thing is Intel (INTC) seemed to be in the middle of a turnaround. The company had a wildly successful 2017. The stock soared 27% after a solid summer quarter. Analysts are bullish: More than half call Intel a "buy," and just one in eight holds a negative outlook for the stock.

Krzanich himself was optimistic in his year-end message to employees. He said 2017 would be a record year and 2018 would mark the year Intel put the slumping PC market in the rearview mirror, according to Intel spokeswoman Cara Walker.

Yet on October 30, just three days before Intel's stock reached its 2017 peak, Krzanich announced a plan to sell 245,000 of his own shares by November 29. That left him with just 250,000 -- the fewest he's allowed to hold under his contract with Intel.

Krzanich had been selling stock all year. Bit by bit, he sold shares 21 times during 2017, but his largest sale by far was his last, when he dumped $50 million worth of stock: $28 million in just-vested options plus $22 million worth of Intel shares he had previously owned.

CEOs sell stock for all kinds of reasons: diversification, liquidity, financing a big purchase. But that's a massive amount of stock that Krzanich dumped, and holding the minimum isn't a great look.

http://money.cnn.com/2018/01/04/technology/business/brian-krzanich-intel-shares/index.html

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Post ID: @dla+R53FGDa

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