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 fines
He doesn't want the company on the hook for antitrust fines, settlement
By 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_fines
Posted here by
Crystal L. Cox
Investigative Blogger
More on the Intel Liability with the Iviewit Technologies
Stolen Patent at www.DeniedPatent.com and www.Iviewit.TV
Also Check out www.CEOPaulOtellini.com and www.BruceSewell.com
for Intel Corp's Role in this Massive Shareholder Fraud.
Intel CEO Paul Otellini
Durward Bruce Sewell
Shareholder Activism, Advocate - Shareholder watch
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