@fuzzychef Generally speaking, predatory investors are an increasing "occupational hazard" for pretty much any company floating on the relevant stock market, especially if they want a quick ROI. Even worse occurs if a listed company fails to generate increased cash profits every year, regardless of the state of the economy, as it could make them vulnerable to a predatory takeover by Vulture Capitalists, intent on either ruthlessly cutting costs or asset stripping the company into oblivion.

@fuzzychef And we are expected to keep civility. Imagine that.

@fuzzychef

if anybody wanted to -- metaphorically speaking -- burn down the offices of this hedge fund i might not be opposed

@fuzzychef
This is one of the many reasons I prefer working for non/not-for-profits and employee-owned organizations.

Hedge funds have no business whatsoever dictating anyone's corporate strategy. Think a company is doing the right stuff? Buy their stock. Think a company is doing the wrong stuff? Sell their stock. Those are the options.

@fuzzychef https://youtube.com/watch?v=r0mO6UY6uTg&feature=shares

@fuzzychef Imagine doing things because hedge funds tell you to. Wild.

Same here: "Alphabet must cut headcount and trim costs, activist investor TCI says"

https://www.cnbc.com/2022/11/15/alphabet-must-cut-headcount-and-trim-costs-activist-investor-tci-says.html

@fuzzychef To me as a German the name of the guy is the cherry on top of that letter.

@fuzzychef This has me thinking two things.

1) this is a direct shot at the middle class.

2) dude took home $479 million in 2020 but it's EVERYONE else that's being paid too much.

@fuzzychef Well, that's really something.

@fuzzychef

This guy paid himself £1.6M in 2022.

Per day.

This letter looks like it took about an hour, what with proofreading and factchecking, etc, so I guess it's about £200,000 worth of his work.

We should be grateful someone thought to share it with us.

🗡️

@fuzzychef holy heck my inner cynic has been SCREAMING that this is intentional - to drive down tech salaries and increase financial insecurity (so tech employees are easier to retain and abuse).

@fuzzychef Weird adjoinder to the news of captialists fleeing Chile which is trying to build a more inclusive economy. "Do what we demand or capital flight!" #capitalism

@fuzzychef This will be happening more frequently now because investors have seen that Twitter is operating (yes, with problems) with significantly fewer people.

@fuzzychef ugh! I feel like I've been slimed just from reading that!

@fuzzychef Fuck this hedge fund asshole.

@fuzzychef Ridiculous.... my solution is to raise the taxes on hedge funds to 90% for opening their big mouths

@fuzzychef Gets even more insidious when you realize that the reason competition has fallen is _because hedge funds have been writing these letters_.