Cadence was run for over a decade by Lip-Bu Tan, a Malaysian-born Chinese American business executive appointed chief executive of Intel Corp (INTC.O), opens new tab in March. Tan was CEO of Cadence from 2008 through December 2021, which includes the period the sales took place, and was executive chairman until May 2023.

Tan had to have known about this and I am guessing he decided to “wing it”.