Word: intel
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Dates: during 2000-2009
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...issue in the pair's long-running tension is the right to name the chief intelligence officer in any U.S. mission abroad. A typical embassy has representatives from several intel agencies - CIA, FBI, NSA, military intelligence, et al. - and one of them is designated the top dog, responsible for liaising with the intelligence agencies of the host country, among other things. For decades, that job has fallen automatically to the CIA station chief. But after the DNI was created in 2004, a question arose: As head of 16 intelligence agencies, should the DNI have the right to name someone other...
Since the legislation creating the DNI was hastily put together, the question - like many others - is not clearly answered. Successive CIA directors have pointed out that because the main task of the top intel person in any mission is to interact with the host country's spy agencies, the CIA station chief is the natural choice. The DNI view, however, is that in some missions, the CIA role is relatively small, and it might make sense for the representative of another agency to take the lead role...
...also an unparalleled engine of innovation, the mecca of high tech, biotech and now clean tech. In 2008, California's wipeout economy attracted more venture capital than the rest of the nation combined. Somehow its supposedly hostile business climate has nurtured Google, Apple, Hewlett-Packard, Facebook, Twitter, Disney, Cisco, Intel, eBay, YouTube, MySpace, the Gap and countless other companies that drive the way we live. (See pictures of California First Lady Maria Shriver...
...bond-rating analyst sharing privileged information that the private-equity firm Blackstone was about to buy Hilton Hotels. A senior vice president at IBM handing over details of Sun Microsystems's financials, which he had access to only because IBM was contemplating buying Sun. A managing director of Intel passing along the company's revenue and profit numbers before they were publicly released and later asking his hedge-fund consort for a job with one of his "powerful friends...
...First, the information in question must be material and non-public. Second, revealing or trading on the information must entail knowingly breaching a duty of "trust or confidence." This can be a fiduciary duty, which an officer of a company would have to a firm's shareholders (perhaps an Intel managing director), or - as the Supreme Court has more recently found - a lower-level employee who has a broader duty to not share, or personally benefit from, his firm's proprietary information (maybe a McKinsey consultant...