this post was submitted on 15 Feb 2024
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Embracer says it's looking out for shareholders after cutting almost 1,400 jobs (www.gamedeveloper.com)
submitted 1 year ago by Goronmon to c/games
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[–] partial_accumen 33 points 11 months ago

It really is sad these days. You can see them holding signs written on the back of Form 10-K documents at road intersections say things like:

"Need dividends. Any amount helps. God Bless."

But really, you have to just ignore them. You know anything you give them they're just going to blow on equities in unproven klepto-corporate business models with over aggressive spending attempting to capture market share in industries paying abusively small wages to their destitute workers. You can try to help them like I did one time:

  • Me: "Hey, here's a couple of shares in a company that hires those recently released from prison for light industrial assembly work giving them a good reference for future employment. Its not worth much, but they do some good for the community."
  • Them: "Can I as a shareholder petition the board to fire the ex-cons, ship the assembly work offshore, and perform a stock buyback increasing the value of the shares?"
  • Me: "I don't think the board is interested in that as it violates the company mission"
  • Them: "Then I don't want those shares"