this post was submitted on 02 Dec 2024
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384
Intel Announces Retirement of CEO Pat Gelsinger (www.intc.com)
submitted 2 months ago by farcaster@lemmy.world to c/technology@lemmy.world
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[–] Badeendje@lemmy.world 21 points 2 months ago (3 children)

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.

[–] tehbilly@lemmy.dbzer0.com 20 points 2 months ago (1 children)

It's almost like maximizing profits over everything isn't a great idea.

[–] Badeendje@lemmy.world 8 points 2 months ago (1 children)

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.

[–] brucethemoose@lemmy.world 2 points 2 months ago* (last edited 2 months ago)

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.

[–] kautau@lemmy.world 8 points 2 months ago

Yup, I was being sarcastic, but I appreciate the response

[–] sunzu2@thebrainbin.org 4 points 2 months ago

revitalize by investing

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.