foregoneconclusion
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Apple Vision Pro $3,499 mixed-reality headset launches at WWDC after years of rumors
9secondkox2 said: Um… EVERYONE knew the iPhone was a hit right off the bat. -
Unreal Engine developer tools get big update for Apple Silicon Macs
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Dell's new monitor boasts 6K resolution & IPS Black display technology
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Google CEO 'Lord Farquaad' lambasted for giant pay raise after 12,000 layoffs
mike eggleston said:I think the most damning part of the article is right here:Large companies have complex financial systems, so it isn't going to be clear how the money saved from laying off those employees will be used. However, it is damning when a $70 billion stock buyback program was announced in one week, then SEC filings show the CEO got a raise in the next.
This is the smoking gun right here. A CEO knows that if they do layoffs, stock prices usually rise because the P/E ratio rises; then on top of that, a stock buyback means that Google (read: Sundar) knows that the price per share for that stock will skyrocket because there are fewer shares in the wild. As a result, the number of shares he gets (usually a fixed number of shares, depending on how well their stock is doing) will be worth substantially more.
In summary, I think the SEC should investigate his ass and see if insider trading laws can be applied to him.
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Apple uses Towson store as a warning against store unions
9secondkox2 said: No business owner who actually cares about staying in business wants to deal with union crap.