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Intel’s stock takes a battering, search for new CEO could be make or break

Intel booted its CEO, Brian Krzanich, after a “consensual” relationship with an Intel employee came to light recently – in violation of Intel’s anti-fraternization policy. Now marks a major turning point for the company, as it needs to find the right person to lead the charge into some major new markets – the IoT, 5G, and the AI sector. A stagnant PC market has led Intel to seek new growth, but it doesn’t have a great track record in new markets. Looking at the financial community’s reaction to the news is telling. Based on the intervals in the Riot 50 database, kicking Krzanich cost Intel around $10.7bn in market cap, with its share price falling $2.61 (5%) to $52.50 from…

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