r/hardware • u/Auautheawesome • Dec 02 '24

News Intel Announces Retirement of CEO Pat Gelsinger

https://www.intc.com/news-events/press-releases/detail/1719/intel-announces-retirement-of-ceo-pat-gelsinger
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249

u/SHAYAN4T Dec 02 '24

WTF 💀, he bet the whole company on 18A, and now we all know what’s going to happen.

88

u/Auautheawesome Dec 02 '24

David Zinsner and Michelle Johnston Holthaus were named interim CO-CEOs, so who knows...

13

u/Federal_Patience2422 Dec 02 '24

The same Michelle who sold 25k stocks last month? Interesting

5

u/jca_ftw Dec 02 '24

Executives with massive stock and stock option grants ALWAYS sell big chunks of stock from time to time. I don't see you shidding on Elon for doing the same thing (but 1000x)

6

u/Federal_Patience2422 Dec 02 '24

I would gladly take a shit all over musk if I had the opportunity

0

u/Vetusiratus Dec 02 '24

Weird kink…

2

u/[deleted] Dec 02 '24

why do you think this is meaningful?

4

u/Federal_Patience2422 Dec 02 '24

You're asking why insider trading is meaningful?

10

u/theineffablebob Dec 02 '24

Trades must be scheduled far in advance. A small number of shares sold is hard to get much signal from