Comment on Update: Unity office death threat was made by a Unity employee

• Dettweiler42@lemmyonline.com ⁨1⁩ ⁨year⁩ ago

  This is the problem with the shareholder mentality that’s ruining a lot of products and services. They don’t give a damn about the longevity of the company. They only care about money now; and as soon as things go sour, they’ll sell their shares and move on to the next company.

  source

  • surewhynotlem@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Taking your company public is like giving it cancer

    source

    • ProfessorProteus@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I picture it as taking off in a plane full of your employees and customers, and climbing as high as possible. Then, as soon as the engines stall or fuel runs out, the execs casually jump out and pull the ripcords on their golden parachutes.

      source
  • Kodemystic@lemmy.kodemystic.dev ⁨1⁩ ⁨year⁩ ago

    There should be law forcing major players in the market to commit for 10 years + when they buy shares above a certain threshold and when those 10+ years pass they should be forced to justify. Might be dumb but just saying as things are the market/system will just rot on the daily. Shits corrupted to the core imo.

    source

    • jarfil@lemmy.world ⁨1⁩ ⁨year⁩ ago

      IPOs usually come out with something like that, investors who commit to not sell their shares for half a year or maybe a year. After that… it’s each one for their own.

      source
• nosurprises@lemm.ee ⁨1⁩ ⁨year⁩ ago

  That isn’t surprising at all. They gave him the job in the first place. And he’s trying to squeeze as much money as possible for them too.

  source
• Tacos_y_margaritas@lemmynsfw.com ⁨1⁩ ⁨year⁩ ago

  Honestly, they’re probably in on it. Greed is all this is.

  source

  • derfl007@lemmy.wtf ⁨1⁩ ⁨year⁩ ago

    Absolutely, that’s why they all sold their stocks before they announced this

    source

    • wizardbeard@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

      I know that execs have time windows they have to be in to buy and sell their stocks, and it has to be planned months in advance, but a massive TOS change like this doesn’t happen overnight or without buy in all the way to the top. They absolutely planned this, and I hope the SEC nails their asses to the wall over it.

      source

      • derfl007@lemmy.wtf ⁨1⁩ ⁨year⁩ ago

        yeah I’ll admit i don’t know much about how all this stufd works, but thanks to others i also found out about these rules. But imo those time windows are absolutely useless in preventing insider trading if they plan to do both things in the same time window anyways

        source