Welcome to the Tech Beam Ride Home for Thursday, June 21st, 2018. I'm Brian McCullough. Today, Intel's CEO steps down an update on Apple's Air Power Wireless Charger, a Supreme Court ruling that will have a big impact on e-commerce, and Amazon Fire TV Cube reviews are in. Here's what you missed

today in the world of tech. Intel CEO Brian Krasanich is stepping down from the company following an investigation into a consensual relationship he had with an Intel employee.

Chief Financial Officer Robert Swan will step in as interim Intel CEO, effective immediately.

Krasanich is also stepping down from Intel's board,

which is already beginning the search

for a permanent CEO replacement.

In a statement, Intel said, quote,

an ongoing investigation by internal and external counsel

has confirmed a violation of Intel's non-fratronization policy

which applies to all managers,

given the expectation that all employees will respond which applies to all managers.

Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct,

the board has accepted Mr. Krasanich's resignation, end quote.

Intel apparently has a policy that managers cannot have relationships with people who

report to them, either directly or indirectly.

People familiar with the matter said the relationship took place quote some time back and had already come to an end

Grisandich was named CEO of Intel in May of 2013 and Intel's stock has risen 120% during his tenure. His total

compensation last year was just north of 21 million dollars. Interestingly

Krasanich was just on the cover of Forbes, touting Intel as the number one company

on Just Capital's Just 100 rankings of America's most just companies.

As user Yev P on Twitter said,

always read your HR manual.

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