There is a review process inside of VMW where Broadcom is reviewing the margins of large deals (over $10M). How is this legal? They do not own VMware yet. It feels like exposure of inside business practices before the acquisition is complete.
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I was an AE and I left because of it. Even deals under $10m go stopped by Broadcom and I lost a lot of commission. Pretty much most deals I agreed with customers got stopped for over a month now. What annoys me most is that some execs denied that this is happening.
Unless someone complains to the regulatory bodies (FTC or EU) about what is called "g-n-jumping", they can do whatever they want to do. But they could get investigated for prematurely trying to run VMware before the acquisition is done.
One thing you can be 1000% certain of. Broadcom is NOT doing anything illegal. That is not how they operate so anything happening is on the up and up.
Executives do not give a sht about you, period. Do what's best for you ALWAYS and assume worst intent from these snakes.
It's quite funny how naive we are as a company to think that this sort of acquisition follows the normal rules of engagement.
This is about millionaires (shareholders) exiting an investment, this has been in the pipeline way before Dell left the room, BC might not have been the target acquisition company at the time the wheels were set in motion, but the endgame was always the same. Too many strange happenings over the past year for it to be a coincidence, Pat moving on, Raghu getting the role over Sanjay, revolving door of leadership positions, lack of a real strategy.
Take the rose tinted glasses off for a bit and it's also plain to see a run of bad acquisitions, poor integrations, declining revenue in core products and a significant slump in share price - is it any wonder the investors want out before they're in a negative equity position?
It would be nice to think this sort of arrangement followed legal due process but let's have a dose of reality eh? , we might be a tech company but the reasons behind this episode are financial and when you take that into consideration ethics and codes of conduct go out of the window.
Deals like this include interim operating agreements. While there's a ton of stuff that isn't shared directly, there are plenty of legal ways to get through due diligence research and create guardrails so employees can't sabotage a deal in flight.
It's not unusual or weird.
When CA was acquired, they moved right into integration mode after the July announcement. How were they able to cut and generate offer letters so quickly on the date of close if they weren’t given all the information ahead of time? I have to believe our management is giving them whatever they ask for and the same thing will happen to is, which I guess is good and bad. It is really like the acquisition has already closed in my opinion anyway although not legally. Sorry I am rambling now.
How can he do whatever he wants before he owns VMware? The deal is not approved, or anywhere near finalized.
Hock can do whatever he wants