384
Intel Announces Retirement of CEO Pat Gelsinger
(www.intc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Dec 2024
384 points (99.0% liked)
Technology
60108 readers
1857 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
Why innovate when line go up?
Profits go up if you don't invest in your company but instead pay your shareholders. But at some point you atrophied your R&D so much you have fallen behind and then the question becomes, do you bleed it dry and sell it for parts, or revitalize by investing. And if revitalizing is still viable.
It's almost like maximizing profits over everything isn't a great idea.
If you are a shareholder that gets the payout and make a profit.. it sure is. For everyone else... Who are we kidding. Fuck everyone else.
And only if you're an old shareholder that wants to cash out.
Or a daytrader.
Small time, long term holders that just want the company to be sustainable... Pfft.
Yup, I was being sarcastic, but I appreciate the response
they are not investing... they need to raise capital to do that. currently they are praying US and german taxpayer will fund their CapEx.
Looks like US took note and this clown got sacked, which is good but enough.
Between boeing and intel... you corpo practices are being exposed for the pathetic extraction racket it is. at least boeing went out and raised 20b via share offering and gutted their shareholders.
Intel stock prolly too gutted to do that now tho lol
pathetic.