Ex-AMD Chief Resigns Amid Trading Scandal

[JMcEntegart]

Former AMD Chief Hector Ruiz has resigned from his position at GlobalFoundaries following reports that he played a part in an insider trading scheme.

Ex-AMD Chief Resigns Amid Trading Scandal : Read more

 

[bk420]

Great to hear that news!

 

[Mulder19]

http://online.wsj.com/article/SB10001424052748704224004574489324091790350.html

 

[fazers_on_stun]

After running Motorola and AMD into the ground, at least GF had the sense to fire this clown before he could do his "magic" disappearing act with their profits 😀.

 

[jdamon113]

I am sure they will still give him several Million as a departure bonus.

 

[Ehsan w]

[citation][nom]jdamon113[/nom]I am sure they will still give him several Million as a departure bonus.[/citation]

they probably gave him money so he would go away

 

[bfstev]

[citation][nom]Mulder19[/nom]http://online.wsj.com/article/SB10 [...] 90350.html[/citation]

wow that wsj artical was trash. How are you going to advocate insider trading? The risks and likelyhood of abuse are far too high. Not to mention that you would then have the market flip its own shit when a rumor came out from a suposably reputable sorce.

 

[tipoo]

Goodbye Wrector.

 

[wildwell]

AMD needs some positive PR quick if they expect to take make some money with their new processors.

 

[liquidsnake718]

Tsk tsk... AMD going dirty.... I guess Intel must be lauding at this mishap.... at least they are doing well with their subsidiary ATi, I guess this will effect AMD's overall business until they can release newer and more updated CPU's. At least the hexacore CPUs for the mass market.... until then, I guess they are going to stick with cheap alternatives to c2d's and q cores.....

 

[hellraiser06]

While former the former AMD boss and GlobalFoundaries chief has not been formally charged

I go to many tech sites regularly and have never seen editing as bad as I am seeing on this site for so many days now. Kevin Parrish started the trend which I think is getting popular amongst the masses :chuckle.