Trouble at the top for Intel

Intel CEO Brian Krzanich has resigned after an affair with a subordinate. But is there more to his departure than meets the eye? Ben Judge reports.

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Krzanich: his departure leaves many questions unanswered
(Image credit: Intel Corporation)

Intel chief executive Brian Krzanich has resigned after it came to light that he had a consensual relationship with an employee, contravening the group's policy of "non-fraternisation". Chief financial officer Robert Swan has taken over as interim CEO. Krzanich resigned even though the affair ended before he became CEO in 2013. Intel shares dipped around 2% $5bn on news of the departure, which has "cast a new spotlight on sexual mores at senior executive levels", says Richard Waters in the Financial Times. Krzanich's failure to disclose the affair it was reported by an anonymous staff member was "another breach of company policy".

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.