Microsoft CFO calls for 'intensity' in an internal memo, after blowout earnings
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cross-posted from: https://lemmy.world/post/33767928
Societal collapse. Greed has won.
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Vertical integration. Windows underpins Office, and even cloud services.
Xbox though, they've already pretty much written its epitaph.
Isn't Linux mostly used for cloud services though?
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"intensity, clarity, and bold execution"
Not just "intensity".
Maybe if they keep going and add a few more words it will magically start to mean something.
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These people are fucking insane, Greed is a sickness and with Trump in the white house the disease is absolutely flourishing.
it's crazy for me to watch people rapidly waking up to that fact after i've said it for what feels like decades and was completely ignored for the longest time.
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Technically they don't - it's a lie told often by CEO. But its a lie.
https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdfthe way i understand it, the company has an obligation to fulfill "shareholder's requests", which is maximizing profits in 99% of cases, at least on publicly traded companies.
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"We're entering FY26 with clear priorities in security, quality, and AI transformation, building on our momentum and grounded in our mission and growth-mindset culture," Hood wrote, mentioning Nadella's email. "Both the pace of change and customer expectations are continuously accelerating."
Hood's email, notably, didn't mention Microsoft's recent workforce cuts, which have exceeded 10,000 this year even as profit swells. Nadella's email last week attempted to explain this "seeming incongruence" as the "enigma of success." Some employees weren't satisfied with the explanation.
These people get paid so much for spouting this utter bullshit every day. I hope they have moments when they realize the hollowness of what they do.
the hollowness of what they do
i suspect they intentionally hollow out their soul to save weight or sth
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Work your wage.
also work for what you believe in, whether that be community service, supporting your neighbours, making a computer game, chatting with friends, everything helps as long as you can believe in it with your heart
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Publicly traded companies have to continually make more money than they did last month, last quarter, same time last year.
Failing to do so means they are somehow "losing" money that is "rightfully owed" to them and the stock market punishes them.
It doesn't matter if you're profitable or not, so long as you're continually making more money.
Yeah, except for Tesla, how the fuck man.
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Yeah, except for Tesla, how the fuck man.
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Mmhmm compare that with the sales numbers, then compare against any company in history which has had a similar sales pattern for a publicly traded company.
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the way i understand it, the company has an obligation to fulfill "shareholder's requests", which is maximizing profits in 99% of cases, at least on publicly traded companies.
Same document, section about Shareholders.
There's no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.
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cross-posted from: https://lemmy.world/post/33767928
You know, Im not certain, but I think the job of being a cunty CFO could be done by AI... Are you listening Microshaft?
