Spyke
altphotoreply
lemmy.today

Poor guy, that's only like 200 cheap houses in a California or Washington neighborhood. C'mon, our millionaires need more!

2
Bluegrass_Addictreply
lemmy.ca

and can single handily ruin a product like VMware overnight

I've never seen so many companies abandon something so quickly. I'm glad we will never do any business with broadcom. literal shithole to deal with

34
ragepawreply
lemmy.ca

I worked in sales at VMware before and during the switch over.

We were told they didn't care how we did it, but we needed to get over 300% more from out customers. And when someone on a call asked how we could do that without driving away customers, we got an evil Bond villain laugh and the question, "What are they going to do, switch to someone else?"

25
toiletobserver
lemmy.world

That's ~$100,000/hr. How can a board of directors justify this expense? How has the entire C suite not been luigied?

14
Wudireply
feddit.uk

How can a board of directors justify this expense?

Because they are also getting lavishly paid.

I have been on 20 public company corporate boards, not counting any Berkshire subsidiaries. So, I’ve seen a lot of corporate boards operate. And the independent directors, in many cases, are the least independent

I mean, if the income you receive as a corporate director — which typically may be around $250,000 a year ”now, if that’s an important part of your income, and you hope that some other corporation calls the CEO and says, “How’s so-and-so as a director?” and the current CEO — your CEO ” says, “Oh, he’s fine and never raises any problems,” and then you get on another board at 250,000 and that’s an important part, how in the world is that independent? I mean, I really, just an observation

They’re just not going to upset the apple cart, because what they’re — and I’d probably behave the same way in the same position. I mean, if $250,000 a year is important to you, why in the hell would you behave in a way that’s going to cause your CEO to say to the next CEO, “This guy acts up a little bit too much. You really better get somebody else.” It’s the way it works

- Warren Buffet

(As of 2026, Buffet's estimated net worth stood at $145.9 billion)

8
ccunning
lemmy.world

I think my company’s VMware licensing fee increase after the acquisition covered the whole thing…

12
mojo_raisin
lemmy.world

This is how "Hawk Tuah" should've spelled her name. It's based on "hocking a lugi", not a bird.

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This is Hock Tan. CEO of Broadcom. Last year, he was paid $205.3 million. | Spyke