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Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company
(www.businessinsider.com)
this post was submitted on 27 Nov 2023
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Shareholders are the worst creation of capitalism so far.
It allows you to create anonymous gray masters that you must serve at any cost no matter how humanly heinous they are.
Also, the bad thing that can happen to the shareholders is that they lose a little money whereas the people beholden to the shareholders can lose everything they have including their souls, and all the shareholders have to do is say "I had nothing to do with it, I just bought a piece of paper, I didn't even get a piece of paper I got an nft" and wash their hands of the whole thing.
The fact that our retirement accounts are being used to fund the hedge managers that create small shareholders that run the businesses that fire us so that the large shareholders get more money now in hopes that in some theoretical future the small shareholders get enough money to enjoy our twilight years is absolute insanity.