Thread regarding Seagate Technology Inc. layoffs

How lack of integrity is a slippery slope and leads to criminal outcomes

https://www.wsj.com/articles/seagate-to-pay-300-million-for-violating-export-restrictions-on-chinas-huawei-9fbdc1a

In-depth and clear indictment of the top two guys. This is grounds for dismissal with the possibility of time being served. Lets be clear, this is the reason the employees are having to take a salary cut.

"“I don’t see any par­tic­ular re­stric­tion for us in terms of be­ing able to con­tinue to ship to Huawei or any other cus­tomers in China,” Gi­an­luca Ro­mano, Seagate’s chief fi­nan­cial of­fi­cer, said in September 2020."

"The com­pany at the time told in­vestors it didn’t be­lieve it needed a li­cense to con­tinue sell­ing to Huawei. It later en­tered a three-year co­op­er­a­tion agreement with the Chi­nese com­pany, mak­ing it Huawei’s sole provider of hard disk dri­ves."

by KC
| 2482 views | | 9 replies (last April 30, 2023) | Reply
Post ID: @OP+1mgkptdx
Comment! It's anonymous!

9 replies (most recent on top)

WDC legal advised their execs this was not allowed by US law and they watched quarter after quarter share loss as a result. They also think even with the fine STX made money. Now let us see if STX ships to Dahua in violation of DoC ruling.

by FU DG!
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Post ID: @8yte+1mgkptdx

Government said this was non criminal. Would love to hear more reflection from our leaders.

by Anonymous
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Post ID: @1afb+1mgkptdx

@gej Got it now, thanks.

by Anonymous
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Post ID: @1ajx+1mgkptdx

@egn+1mgkptdx

I don’t. Actually the opposite. You may have misread my too long of a sentence.

by Anonymous
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Post ID: @gej+1mgkptdx

"“I don’t see any par­tic­ular re­stric­tion for us in terms of be­ing able to con­tinue to ship to Huawei or any other cus­tomers in China,” Gi­an­luca Ro­mano, Seagate’s chief fi­nan­cial of­fi­cer, said in September 2020."

What more does one need???? This is not a smoking g-n, its a mushroom cloud Mr. Mosley. Get rid of this crook.

by Anonymous
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Post ID: @kcf+1mgkptdx

" I don't understand why the board is doing nothing about this. What do they have to gain...or lose? "

The BOD and shareholders are beholden to the dividend that has slowly sapped the R&D out of this company last several years. They are bought and paid for and will only act if someone starts connecting them personally with bad news (like the China sales.)

by Anonymous
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Post ID: @acz+1mgkptdx

The operations guy is strictly that, the operations guy. His job is to keep the factories running and not be the one to grade the validity of orders. You obviously are clueless or have something against Nygaard.

by Anonymous
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Post ID: @egn+1mgkptdx

That the CFO, CEO & Head of Sales who are THE responsible parties here stay but the operations guy who made sure the factories were running and manufacturing product through the pandemic so these cronies can sell it to China does not is the most disappointing news from this week. Ugh.

by Anonymous
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Post ID: @zpv+1mgkptdx

Lets just please do what is right. Its time to 'respectfully' show Gianluca the door. The longer Dave waits the worse his credibility and the board's competence. I don't understand why the board is doing nothing about this. What do they have to gain...or lose?

by Anonymous
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Post ID: @jva+1mgkptdx

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