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Intel said Thursday that its CEO, Brian Krzanich, had resigned following a consensual relationship with another employee that violated company policies.
The company also raised its second quarter earnings per share (EPS) to $0.99.
Shares - % - News
Shares initially surged more than 2% following the news, but now they are in the red.
Follow Intel's stock price in real-time here.
Shares - Intel - % - Trading - Thursday
Shares of Intel popped 2% in early trading Thursday — before sinking into the red, down about 2% — after the company said chief executive Brian Krzanich had resigned following an investigation that found he had a past relationship with employee in violation of company policy.
Krzanich, an Intel employee since 1982 and CEO since 2013, was in charge when Spectre, a serious security bug affecting most Intel processors, was discovered earlier this year, and as CEO, he apologized on behalf of the company.
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