Ex-AMD CEO Hector Ruiz Steps Down as GLOBALFOUNDRIES Chairman....

JesterOnYer6 · Nov 2, 2009, 01:03 PM

....amid insider trading scandal.

We won't dive back into all the backstory that led to former AMD CEO Hector Ruiz's current troubles as the chariman of AMD spin-off Globalfoundries, but let's just say that when your name is in the same sentence as "insider trading scandal" and "hedge fund probe," you're probably in a pretty bad way. While this story is obviously still far from over, it looks like Ruiz has at least realized the gravity of his predicament, and announced today that he's taking a "voluntary leave of absence" before formally resigning from the company on January 4th, 2010. He'll be replaced immediately by former Broadcom CEO Alan "Lanny" Ross, who will serve as interim chairman until the company's board appoints a permanent chairman.

Source: Engadget.com

AllexxisF1 · Nov 2, 2009, 01:08 PM

Hector going to prison?

Is it Christmas already?

caveman-jim · Nov 2, 2009, 01:08 PM

Holy Crap!

Flyordie · Nov 2, 2009, 05:16 PM

Shoulda listened to your friend Sanders... they warned ya.

JesterOnYer6 · Nov 2, 2009, 08:47 PM

Christmas @ Bernie's

DarkSyde · Nov 3, 2009, 06:12 PM

Is it wrong that this made me smile?

Nov 2, 2009, 01:03 PM	#1	Advertisement (Guests Only) Login or Register to remove this ad
JesterOnYer6 John 3:16 Join Date: Jun 2005 Location: Texas Posts: 1,973	Ex-AMD CEO Hector Ruiz Steps Down as GLOBALFOUNDRIES Chairman.... ....amid insider trading scandal. We won't dive back into all the backstory that led to former AMD CEO Hector Ruiz's current troubles as the chariman of AMD spin-off Globalfoundries, but let's just say that when your name is in the same sentence as "insider trading scandal" and "hedge fund probe," you're probably in a pretty bad way. While this story is obviously still far from over, it looks like Ruiz has at least realized the gravity of his predicament, and announced today that he's taking a "voluntary leave of absence" before formally resigning from the company on January 4th, 2010. He'll be replaced immediately by former Broadcom CEO Alan "Lanny" Ross, who will serve as interim chairman until the company's board appoints a permanent chairman. Source: Engadget.com __________________ My Gamer:QX6700 @3.46 - 2X GTX 285 SLi - Velociraptor - 8 Gigs RAM -eVGA 132-CK-NF78-A1 - Dell 2409 - Vista 64 My Desktop:Athlon 5000 BE @ 3.2 - 2 gigs ram - Asus M3A78 EM - Dell 2407 - Win 7 Sons: PhenomII 940 @ 3.2 - GTX 280- 2 Raptors RAID 0 - 4gb OCZ Reaper - Asus M3A32-MVP - Dell 2405 - Vista 32 Family - HP Media Smart Server - Windows Home Server My Girls - 2 Pink Dell Laptops Core 2 Duo's Vista 32 Sons Mobile - Toshiba Laptop Core 2 4gb 3470 Vista 64 Wifes - Hp Dv 9610us Laptop Turion TL56 2gb Vista 32 I love my country, I fear my government. Last edited by Android1 : Nov 2, 2009 at 01:30 PM.

Nov 2, 2009, 01:08 PM	#2
AllexxisF1 Butter's Fan Club. Join Date: Nov 2002 Location: Treasure Coast, Florida Posts: 3,946	Hector going to prison? Is it Christmas already? __________________ Business! Mankind was my business. The common welfare was my business; charity, mercy, forbearance, and benevolence, were all my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!

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Nov 2, 2009, 05:16 PM	#4
Flyordie Migrated to TechPowerUp Join Date: Jan 2008 Posts: 1,179	Shoulda listened to your friend Sanders... they warned ya. __________________ My favorite IRC Servers/Channels irc.leagueofreason.co.uk #lor (active) irc.gamesurge.net #rage3d (banned) irc.freenode.net (none active atm) irc.UEI.net #freetalk (semi-active)

Nov 2, 2009, 01:08 PM	#3
caveman-jim Rage3D Technical Writer Join Date: Oct 2003 Posts: 29,064	Holy Crap!

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Nov 2, 2009, 08:47 PM	#5
JesterOnYer6 John 3:16 Join Date: Jun 2005 Location: Texas Posts: 1,973	Christmas @ Bernie's __________________ My Gamer:QX6700 @3.46 - 2X GTX 285 SLi - Velociraptor - 8 Gigs RAM -eVGA 132-CK-NF78-A1 - Dell 2409 - Vista 64 My Desktop:Athlon 5000 BE @ 3.2 - 2 gigs ram - Asus M3A78 EM - Dell 2407 - Win 7 Sons: PhenomII 940 @ 3.2 - GTX 280- 2 Raptors RAID 0 - 4gb OCZ Reaper - Asus M3A32-MVP - Dell 2405 - Vista 32 Family - HP Media Smart Server - Windows Home Server My Girls - 2 Pink Dell Laptops Core 2 Duo's Vista 32 Sons Mobile - Toshiba Laptop Core 2 4gb 3470 Vista 64 Wifes - Hp Dv 9610us Laptop Turion TL56 2gb Vista 32 I love my country, I fear my government.

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