@farcaster to TechnologyEnglish • 2 days agoIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comexternal-linkmessage-square139arrow-up1383arrow-down14cross-posted to: hardware
arrow-up1379arrow-down1external-linkIntel Announces Retirement of CEO Pat Gelsingerwww.intc.com@farcaster to TechnologyEnglish • 2 days agomessage-square139cross-posted to: hardware
minus-squareDiplomjodlerlinkEnglish22•2 days agoThat’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
minus-square@[email protected]linkfedilinkEnglish5•2 days agoWith the CHIPS Act funding they can’t do stock buybacks.
minus-square@ikiddlinkEnglish8•2 days agoIt just frees up other money for buybacks that they would have had to waste on R&D.
minus-squaresunzu2linkfedilink1•2 days agothe fact that you have to explain to people that money is fungible…
That’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
With the CHIPS Act funding they can’t do stock buybacks.
It just frees up other money for buybacks that they would have had to waste on R&D.
the fact that you have to explain to people that money is fungible…
Well, at least one stupid fucker disagrees with that idea…