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

JesterOnYer6 · Nov 2, 2009, 12:03 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, 12:08 PM

Hector going to prison?

Is it Christmas already?

caveman-jim · Nov 2, 2009, 12:08 PM

Holy Crap!

Flyordie · Nov 2, 2009, 04:16 PM

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

JesterOnYer6 · Nov 2, 2009, 07:47 PM

Christmas @ Bernie's

DarkSyde · Nov 3, 2009, 05:12 PM

Is it wrong that this made me smile?

Nov 2, 2009, 12:03 PM	#1	Advertisement (Guests Only) Login or Register to remove this ad
JesterOnYer6 User ****** Join Date: Jun 2005 Location: The planet Houston. Posts: 2,301	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 __________________ System 1: Asus P8Z68 V-Pro\|I7-2600K @ 4.5 - H80\|2XHyperX 120's RAID 0\|Intel 320 80GB\|300GB Velociraptor\|16GB Corsair Vengeance 1600Mhz\|Fatality X-Fi\|Antec 902\|Corsair TX750W\|2XSLI 660TiSC\|Seven Pro System 2: EVGA 780I Sli\|Core2Q 9650 @ 3.8\|2X150Gb Raptors RAID 0\|8GB Patriot\|Corsair 500W\|Coolermaster CM690\|560Ti\|Seven Pro System 3: Asus M3A32 MVP-Dlx\|PII 940 @ 3.2\|2X150Gb Raptors RAID 0\|4GB OCZ\|Enermax 500\|Coolermaster 690\|560Ti\|Seven Pro System 4: Dell 760\|Core2Q 9650\|250GB Drive\|4GB RAM\|9800GT\|Seven Pro Server 1: Dell T-3500\|Xenon W3550\|12GB RAM\|3TB Storage\|Server 2008 Server 2: HP 470EX\|WHS Last edited by Android1 : Nov 2, 2009 at 12:30 PM.

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Nov 2, 2009, 12:08 PM	#3
caveman-jim Rage3D Tech Editor Join Date: Oct 2003 Location: AL Posts: 47,399	Holy Crap! __________________ Twitter ~ Youtube ಠ_ಠ The Contents of this Message are my own Opinion and may intend to be satirical. u mad?

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Nov 2, 2009, 04:16 PM	#4
Flyordie Lets roll... Join Date: Jan 2008 Posts: 2,511	Shoulda listened to your friend Sanders... they warned ya. __________________ My favorite IRC Servers/Channels irc.leagueofreason.co.uk #lor (Active) irc.gamesurge.net #rage3d (semi-active) irc.freenode.net (Closed) irc.UEI.net #freetalk (semi-active)

Nov 2, 2009, 12:08 PM	#2
AllexxisF1 Resident Liberal Join Date: Nov 2002 Location: Fairfax, Virginia Posts: 7,351	Hector going to prison? Is it Christmas already?

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Nov 2, 2009, 07:47 PM	#5
JesterOnYer6 User ****** Join Date: Jun 2005 Location: The planet Houston. Posts: 2,301	Christmas @ Bernie's __________________ System 1: Asus P8Z68 V-Pro\|I7-2600K @ 4.5 - H80\|2XHyperX 120's RAID 0\|Intel 320 80GB\|300GB Velociraptor\|16GB Corsair Vengeance 1600Mhz\|Fatality X-Fi\|Antec 902\|Corsair TX750W\|2XSLI 660TiSC\|Seven Pro System 2: EVGA 780I Sli\|Core2Q 9650 @ 3.8\|2X150Gb Raptors RAID 0\|8GB Patriot\|Corsair 500W\|Coolermaster CM690\|560Ti\|Seven Pro System 3: Asus M3A32 MVP-Dlx\|PII 940 @ 3.2\|2X150Gb Raptors RAID 0\|4GB OCZ\|Enermax 500\|Coolermaster 690\|560Ti\|Seven Pro System 4: Dell 760\|Core2Q 9650\|250GB Drive\|4GB RAM\|9800GT\|Seven Pro Server 1: Dell T-3500\|Xenon W3550\|12GB RAM\|3TB Storage\|Server 2008 Server 2: HP 470EX\|WHS

Nov 3, 2009, 05:12 PM	#6
DarkSyde What day is it again? Join Date: Sep 2002 Location: The Armpit of America (Ohio) Posts: 1,313	Is it wrong that this made me smile? __________________ As my world begins to crumble, the body starts to shake Hoping everything will be O.K. My sanity is fading, lost within myself Father, I call to you, the depths to which we fall. God Forbid - Conquer

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