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oxideseven ,

Publicly traded companies are a curse on humanity.

Allonzee , (edited )

All the idiot Americans cheering about scapegoating single mothers as welfare queens since the 80s, never an utterance by anyone with power of all the DO NOTHING private investors that drop their chips from their last trip to the exploitation casino and demand all the profit for no labor whatsoever.

“Fuck you, I’m an owner, pay me.”

Prior to the Jack Welch Ronald Reagan betrayal, the model was correcly “customers first, employees second, investors third.”

Everything falls apart when you give every spare penny to the people who A) dont DO anything to make the money they demand and B) demand the companies they own sabotage their missions and futures to goose net profit for the current quarter so they can profit and walk away having severely damaged those company’s ability to do what they existed for, only to demand it of other companies.

smb ,

maybe the root-cause is less the publicly-traded part but rather the total lack of any consequences?

but yes i totally agree, any company publicly traded will get a payed-for-CEO after a while and latest at that point is where no problems are resolved any more, but instead are IMHO always created on purpose.

Tryptaminev ,

Problem with publicly traded is that there is no personal risk past the price you bought the stocks for. You paid $ 1,000 for some stocks of “evil chemical corp”? Now your financial interest, and thats the only measureable one, would want them to pollute for a damage of $ 10,000 respective to the stock value if that increases your stock price to $ 2,000, as long as the risk of them having to pay for cleaning it up is smaller than 50%. Problem is the same holds true for a damage of $ 100,000 relative to your stock. Or any arbitrarily large amount. Your share in the damage caused could be in the billions, but worst thing the company goes bankrupt and you loose your stocks buying price.

The only alternative would be holding shareholders responsible with their own money, if a company is forced to pay up for damages they caused, going past its bankruptcy.

smb ,

like i said:

maybe the root-cause is […] the total lack of any consequences

but you used much more words ;-)

“publicly traded” does not imply that consequences would be impossible.

i see the opposite is true.

one could make that “public trade” also “very” public as in ownerships could only be changed together with a public note of who that new owner of that share is in person and only like not allow ownership changes more than twice a week per person, making investment more profitable than parasitic high performance trade. also the current lack of consequences could be improved by making the shareholders personally responsible for everything that the company does, including going to jail when the ceo left the country to not go there.

that could include making those responsible who owned that company at the time of its crime, making trust in the company way more important than that they can cause damage to society in macroscope just to profit in microscopical bits.

this way the shareholders would have a at least one trigger to actually want to look into who that bullshittalker is they want to let into such a position of “their property”

society should take care who they let do things with “their property” too.

Allonzee , (edited )

This is an admisson of no future.

They’re throwing crew out of their boat full of holes to assure investors they’re ship shape… for the next quarterly profit report.

Their corpse will be long since picked clean of their patents, assets, and trademarks by 2030.

zephr_c ,

At this point I’m starting to think that if you want to subsidize semiconductor manufacturing in the US the Global Foundries might be a better investment. At least they’ve already hit rock bottom.

Saledovil ,

Wow, intel must really be struggling if they need to lay off this many people. I don’t think it’s reasonable to invest in Intel at this time.

Or well, I think news of layoffs should always be interpreted in a way that’s pessimistic for shareholders.

curiousaur ,

Have you seen the performance and efficiency of these arm chip? The performance and battery life of Apple’s chips compared to the Intel chips before then? Intel should be absolutely embarrassed.

Saledovil ,

I must admit I don’t keep up with chip developments.

hardcoreufo ,

I work in the industry and my understanding of the chips act is certain goals must be met in order to receive money. Something like in order to get this 50 million, you must buy 100 million of new equipment and facilities improvement. In order to get this 25 million you must have 50 million worth of new jobs. These requirements were also spread out over years so you couldn’t artificially inflate your work force or sell off equipment.

Not saying Intel doesn’t suck, but I doubt they are getting chips act money now. Or they will have to have a big turn around in the next few years to do so. They certainly aren’t getting a free 8 billion.

kandoh ,

These layoffs will only be for a quarter or two. Just enough for the c-levels to unlock their full bonuses.

interdimensionalmeme ,

And create a glut in their labour market niche, which will take many years before the wages recover to what they were. In the current 20 year permanent labour shortage scenario, this is the way to prevent wages from increasing. Sure these demand shocks will create issues by they’re making the bet the lower overall expenses for wages will make it all worth it. This is them leveraging the imbalance of power been employer and employee

0ddysseus ,

If only there were some tried and tested method for the working class to join together and create a power block equal to the company in order to negotiate better pay and conditions and avoid these outrageous tactics. Pity

Alpha71 ,

Exactly! And then the Government can declare you an essential service and take away all your bargaining power!

Oh wait…

DragonTypeWyvern ,

More like oh no, here I go molotoving again.

HelloHotel ,
@HelloHotel@lemmy.world avatar

I hope it will never hit that point where its the only way forward.

OneCardboardBox ,

Stop “non-essential work”…

But I bet they’ll still ship bloatware updates for Windows

geogle ,
@geogle@lemmy.world avatar

Intel is not Microsoft

OneCardboardBox ,

I’m talking about all those Intel programs that come preinstalled.

“Intel device smart updates” “Intel audio control center”

That kind of garbage

AngryMob ,

Those would only be preinstalled if your motherboard has the requisite hardware and you download the drivers and the utilities it wants you to download. They arent preinstalled in any windows ive used, pc or even laptops. Theres a lot of shitty bloatware out there, but intel is hardly worth mentioning in that arena. And theres such better things to make fun of them for too, lol.

Whattrees ,
@Whattrees@lemmy.blahaj.zone avatar

It does come pre-installed on some computers depending on the provided OS and the changes made by the manufacturer. If you install your own fresh version of windows, it should only be installed if windows believes you need it for the component to function.

My last pre-built came with a bunch of garbage before I wiped it with a fresh copy of windows and almost all went away. I would certainly not say Intel is the worst though, older dell machines and even relatively modern HP machines come with a bunch of “necessarily for the component to function” garbage that can’t really be uninstalled easily (windows will reinstall them).

FiniteBanjo ,

Somebody should make a Borat Meme with AMD and Intel “Big Success!”

dual_sport_dork ,
@dual_sport_dork@lemmy.world avatar

Done.

https://lemmy.world/pictrs/image/0498065e-b80e-49c2-814e-0792bc3fad70.png

Vailliant ,

Thank you kind sir!

PenisDuckCuck9001 ,

After all this time, AMD finally won. They made a hell of a comeback too. GG guys.

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