misk@sopuli.xyz to Technology@lemmy.worldEnglish · 9 months agoAfter 114 days of change, Broadcom CEO acknowledges VMware-related “unease”arstechnica.comexternal-linkmessage-square59fedilinkarrow-up1333arrow-down15
arrow-up1328arrow-down1external-linkAfter 114 days of change, Broadcom CEO acknowledges VMware-related “unease”arstechnica.commisk@sopuli.xyz to Technology@lemmy.worldEnglish · 9 months agomessage-square59fedilink
minus-squarekautau@lemmy.worldlinkfedilinkEnglisharrow-up67arrow-down1·9 months agoYes, the only thing that Broadcom gives a shit about here: Broadcom expects VMware revenue to grow double-digits quarter over quarter for the rest of the fiscal year. The ‘ol late-stage capitalism adage “growth above all else”
minus-squarefluxion@lemmy.worldlinkfedilinkEnglisharrow-up44·9 months ago“Short-term growth above all else, then lay everyone off and find the next business to buy out and ruin”
minus-squarelaxe@lemmy.worldlinkfedilinkEnglisharrow-up10·9 months agoExecutives care only about their bonuses, and the best way to boost them is to milk companies on the short term even if it ruins them on the long term. There is no incentive to care about long term.
minus-squarehenfredemars@infosec.publinkfedilinkEnglisharrow-up5·9 months agoInvestors reward this behavior. The system is designed to destroy good things.
minus-squareBakkoda@sh.itjust.workslinkfedilinkEnglisharrow-up27arrow-down1·9 months agoTranslation: We are gonna gouge the ever living fuck out of every single customer.
Yes, the only thing that Broadcom gives a shit about here:
The ‘ol late-stage capitalism adage “growth above all else”
“Short-term growth above all else, then lay everyone off and find the next business to buy out and ruin”
Executives care only about their bonuses, and the best way to boost them is to milk companies on the short term even if it ruins them on the long term. There is no incentive to care about long term.
Investors reward this behavior. The system is designed to destroy good things.
Translation: We are gonna gouge the ever living fuck out of every single customer.