Seems odd to apply it after the fact in this case, though. Perhaps there was an ulterior motive for removing him. Otherwise I would expect Intel to just hide the information in order to protect the financial interests of the company.
Something strange is happening in Intel land, Brian Krzanich recently sold off the majority of his Intel stock, only retaining the minimum number allowable:
Don't think so if he did it because to move to the next process would be delayed a year yes.
Its a legal principal that you have the right to arrange your affairs to maximise your benefit - if he thought they where trying to oust him cheaply by using something from his past - I don't see the issue.
There’s almost always some complicating factor we don’t know about in cases like this: I would bet that blackmail was involved, he tried to cover it up, and the board felt they couldn’t trust him as a result of the cover-up. Because you’re right; most companies would just include the lower level employee in a round of layoffs and pay them a couple years salary to stay quiet about it all.
I feel companies are getting a #MeToo pass in cases like this: Wall Street hasn’t been holding companies responsible for the bad personal behavior of execs if those companies address the issues proactively. Investors are only punishing them if the problems are representative of the overall culture; and in this case that does not seem to be the case.
But I’m almost certain that he wouldn’t have been fired without lying to the board in a coverup. Violating fraternization policies usually isn’t a firable offense — a CEO only gets fired when the board of directors loses the ability to trust them.
It sounded like this was something that had happened in the past and was basically over with, not something that was ongoing. So either it ended amicably or HR made arrangements to ensure it wasn't an ongoing problem for the business. I'm skeptical of the delay being entirely due to "investigation", it seems more like this was something that was known about and later used to force him out.
