Intel shareholders file case asking ex CEO, CFO to return 3 years of salary

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Recent developments regarding Intel have brought to light a lawsuit filed by shareholders against the former CEO and CFO demanding a return of their salaries for the past three years. The case stems from accusations related to the underperformance of Intel's Foundry unit, although many commenters suggest that the lawsuit lacks serious backing and may not hold substantial merit. The former CEO had openly acknowledged the challenges facing Intel's foundry operations, making it clear that the decision to maintain the integrated business model was a strategic choice. The general sentiment among commenters indicates skepticism towards the lawsuit's claims, citing that it appears to be an opportunistic legal action without sufficient grounds. Additionally, the board of directors is also implicated in the lawsuit, bringing attention to potential governance issues within Intel.
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