|Nov 2, 2009, 12:03 PM||#1||
Advertisement (Guests Only)
Login or Register to remove this ad
Join Date: Jun 2005
Location: The planet Houston.
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.
Last edited by Android1 : Nov 2, 2009 at 12:30 PM.
|Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Former AMD CEO, GlobalFoundries Chairman Ruiz Ensnared in Insider Trading Case||JesterOnYer6||Front Page News||0||Oct 29, 2009 08:16 AM|
|Hector Ruiz is planning to resign?||Skynet||General Hardware||5||Nov 13, 2007 09:51 AM|
|Someone Needs To Shoot Hector Ruiz.||AllexxisF1||General Hardware||5||Jul 5, 2007 08:17 PM|
|CRN Interview: AMD CEO Hector Ruiz||SySTaX3r||Front Page News||5||Feb 27, 2007 12:14 PM|