Intel shareholder sues chipmaker over 10% government stake
An Intel shareholder is suing the chip giant, alleging its leadership surrendered a 10% stake worth billions to the US government not for business reasons, but to escape personal attacks from then-President Donald Trump. The lawsuit claims the deal was an "unlawful contract" driven by fear for reputations and the CEO's job, not shareholder value.
An Intel shareholder is suing the chip giant, alleging its leadership surrendered a 10% stake worth billions to the US government not for business reasons, but to escape personal attacks from then-President Donald Trump. The lawsuit claims the deal was an "unlawful contract" driven by fear for reputations and the CEO's job, not shareholder value.
