AMD Ex-CEO Fingered as Galleon Source
When discussing the growing insider trading scandals and expanding connection to high tech companies with an expert in corporate governance recently, he noted that it seemed to be people lower down in organizations looking for someone to grease their palms, and not members of upper management. That was questionable even a week ago, as some ranking (though not top) people at IBM and Intel, at least, were implicated. But now the Wall Street Journal reports that Advanced Micro Devices's former CEO Hector Ruiz gave confidential information about the company to one of the Galleon insider trading defendants, and at the time, Ruiz was still AMD chairman. And so the tech sector leaps neck deep into mud rather than dealing with a few splashes here and there.