Funny
Intel Shareholders don't even Know what
CEO Paul Otellini is hiding from them and has been for many - MANY years on the Biggest Liability that
Intel Corp. has ever seen.
Way before the Legal Issues with
Advanced Micro Devices, and Billions in Fines .. there was and Still is the Trillion Dollar Liability of the
Iviewit Technologies Company and the Stolen Technology that has made Billions on top of Billions and still is for Intel Corp. and many others involved in this
High Finance Liability that shareholders will one day soon be FORCED to looked at AND that will be
a Very Jagged Pill to Swallow.
November 2009 Article - Charles A. Gilman Got Moxy and Charles Gilman is VERY right in this request, Intel Executives are not Playing fair and NOT disclosing KNOWN Liabilities to this Day.
It is NOT the Intel Shareholder's Fault, they were no part of the Decisions and SHOULD not take the Financial Hit for It.
"" Intel shareholder wants execs to pay $2.7B in finesHe doesn't want the company on
the hook for antitrust fines, settlementBy Sharon Gaudin.
Computerworld -
An Intel Corp. investor, frustrated that the chip maker has been hit with $2.7 billion in fines and settlement payments, has filed suit in
U.S. District Court in Delaware against the company and its top executives.
Charles A. Gilman wants the court to force company executives, including Intel President and CEO Paul Otellini, to fork over money for the fines and payments
so shareholders don't take a financial hit.
The lawsuit was filed
the same week Intel reached a settlement with Advanced Micro Devices Inc. (AMD) to end all antitrust litigation between the two companies. As part of the deal,
Intel agreed to pay rival AMD $1.25 billion.
That followed a ruling in May by
the European Commission in which Intel was found guilty
of antitrust violations in the market for PC microprocessors and fined it $1.44 billion.
Gilman, who refers to himself in court documents as
a "long-time shareholder," doesn't think the
company and its shareholders should suffer for Intel's actions.
In a document filed in court, Gilman's attorneys contend that shareholder attempts to influence Intel's board of directors have
"proved fruitless. ...Indeed, shareholder demands have been met with outright hostility, which can only bespeak bad faith."The document also contends that
Intel's board refused to investigate the antitrust charges against the company or to appoint an independent committee to review the charges and take remedial action, if needed.
" The
antagonism of Intel's Board of Directors to the shareholders' demand is readily explained by growing evidence that the antitrust scheme, which spanned three continents, and which has so far led to
over $1 billion in fines, was personally directed by
CEO Otellini and by Intel's former board chairman, Craig R. Barrett," the document alleges.
Ezra Gottheil, an analyst with
Technology Business Research, Inc., said he's not surprised by the suit. "Someone always sues," he said, adding that he's never heard of company executives being forced to pay for any fines or settlements.
One of Gilman's attorneys, Roy Jacobs, of the firm Law Offices of Roy Jacobs in Manhattan, declined to comment on the suit. So did another Gilman attorney, Robert Goldberg, who is with Biggs and Battaglia, a Delaware law firm.
For its part,
Intel promised to fight the suit. "We disagree with the plaintiff in the matter and we are planning a vigorous defense," said
Chuck Mulloy, an Intel spokesman
In addition to
Otellini, those named in the suit include: former CEO and ex-Chairman of the Board Barrett; directors James Plummer and Susan Decker; and former directors Carol Bartz, D. James Guzy Sr., David Pottruck, Jane Shaw, David Yoffie, Charlene Barshefsky, John Donahoe and Frank Yeary.
""Source of Post and Article Link
http://www.computerworld.com/
s/article/9141168/Intel_shareholder_wants_execs_to_pay_2.7B_in_finesPosted here by
Crystal L. Cox
Investigative BloggerMore on the Intel Liability with the Iviewit Technologies
Stolen Patent at
www.DeniedPatent.com and
www.Iviewit.TVAlso Check out
www.CEOPaulOtellini.com and
www.BruceSewell.comfor Intel Corp's Role in this Massive Shareholder Fraud.
Intel CEO Paul Otellini
Durward Bruce SewellShareholder Activism, Advocate - Shareholder watch