ronn

Very shoddy journalism, at best. This India Today “report” is all over the place. Initially 185 were sacked by Apple — now down to “about 50” — and “there are many Indians amongst the fired employees.” Yet not one Indian is named. Just six non-Indians charged months ago. There are no links to charges, investigations or allegations for these bad Indians beyond the biased “news” sources quoting each other. Oy vey! 

danox said:

ronn said:

The lowest of the low. If convicted, they should get substantial fines and jail time.

This is a white collar-crime in short a gentleman‘s crime. The only thing they will get is a slap on the wrist, and maybe if they’re not citizens they might be deported that’s about it.
The American system due to English influence is only capable of hard punishment of blue-collar criminals as codified by enforcement of crime in the Eastend of London in the 1840s.

The past decade or so has seen several fraudsters get jail time for crimes against Apple. At least two for fraud within Apple's car project, a procurement officer (?) and an administrative worker. Some less than a year, but others 3+ years of jail time, years of supervised release (with the threat of additional jail time for any violations) and restitution, often substantial sums beyond what was purloined.

The lowest of the low. If convicted, they should get substantial fines and jail time.

It looks like a done deal with just the announcement by both some time next week. Apple agreed to meet the manufacturing requirements in the past. Failed to do so, and will have to bite the bullet. As the largest consumer market in Southeast Asia, it's a no-brainer. Consider that Apple has spent $15B in Vietnam, a much smaller market. $1B is chump change from Apple and within Indonesia's Trillion economy.

irwinmaurice said:

ronn said:

irwinmaurice said:

He may be a bit of a loose canon (understatement) but not everything his administration touches was bad.  In this instance alone there was tremendous benefit to those non executives from Apple and several larger US companies

The Tax Cuts and Job Acts from 2017 (2018?)

https://www.federalreserve.gov/econres/notes/feds-notes/us-corporations-repatriation-of-offshore-profits-20190806.html

allowed for the repatriation of Billions of dollars.  Apple was one of several fortune 100 companies to make use of that in tangible ways for current employees.   

https://fortune.com/2018/01/18/apple-overseas-cash-repatriation-gop-tax-plan/

Don’t  give me that it was only so that “millionaires  could pay millionaires” BS either. I’m sure some did benefit, but I also know  of  wayyyyy too many rank and file from some of those large corporations who have benefited directly from this bill  - they got an extra holiday others got standing bonus and other perks  as result of this repatriating of money. 

Resulting in massive stock buybacks, skyrocketing executive suite compensation and eventually tens of thousands of layoffs among the tech class.


Tech over-compensating for Covid changes to  remote work / school had nothing to do with those layoffs, just the repatriating of money?? 

Yeah, ok - got it - smh

You conveniently sidestepped my first two points (stock buybacks and exec comp) and added something I didn't comment on (BTO policies). The layoffs are a backdoor plan to boost the first two points. Tech firms will rehire in smaller numbers at lower pay and use that to justify even more stock buybacks and even higher exec compensation. Rinse & Repeat!