Sequoia’s Moritz backs Intel CEO after Trump’s ‘bullying’
Michael Moritz, Sequoia Capital
Scott Mlyn | CNBC
The famous venture capitalist Mike Moritz called Intel After President Donald Trump demanded his resignation last week, to stand next to CEO’s lip-this tan.
“Trump’s attack does not have a modern precedent,” Moritz wrote, “a justified political side show,” he said.
Moritz who spent dozens of years Sequoia capital And he has known Tan for about forty years and emphasized CEO’s previous return. Kadans Design Systems. Moritz said, “There is no more equipped to transform Intel’s reserve,” Moritz said.
“Now the Intel Board should decide to walk to the rhythm of many other corporate leaders and surrender to the president’s artless bullying or to set an example for other companies and show some spine.” Released part Financial Times on Sunday. “Early challenge signs are encouraging.”
Tan visited the White House in the afternoon to evaluate concerns about his past and to discuss the ways in which Intel could work with the US government.
Intel shares increased by about 5% on Monday. Wall Street Journal was first report Tan’s White House visit.
In a shipment Real social Last week Trump asked Tan’s resignation and said the 65 -year -old child was “very contradictory.” You. Tom Cotton, R-Car. Tan also raised questions about ties with Chinese companies and potential national security risks.
In a letter to the employees later, he discussed “wrong information” and said, “always operates in the highest legal and ethical standards”.
Moritz joined Sequoia Capital in 1986 and resigned in 2023. Google and Google and Paypal.
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