Trying his best to drive off all competent people and implode the $60B deal. Some people are irreplaceable and these things don’t maintain themselves.
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Some individual contributors believe they are special. All others know they are replaceable. In the end it’s all about business. Like companies that spend fortunes and years in a row with broken implementation projects. They also think there’s no alternative.
The company is not going to fall down because “Bob” has been let go.
Then you don't know much about how there is a particular team that is the engine for all the virtualization, and they are not happy.
“ Not to mention that if you ever worked for CA, you would at least be familiar with the term CA'er, which you obviously aren't.”
I worked at CA and never heard the term CA’er. Maybe it’s a regional or country based term?
@wsc, no one is buying your story because no employee of any acquired company would phrase a sentence in a way you did ("Ex-CA working for Broadcom"). Even when a company just re-brands its name, the old name sticks within the employees for years. Not to mention that if you ever worked for CA, you would at least be familiar with the term CA'er, which you obviously aren't.
“ Some people are irreplaceable”
Not in the world of business, everyone is replaceable. And if only one person knows how to do something, then actually they’re a problem as they’ve created their own bottleneck. The company is not going to fall down because “Bob” has been let go.
"If nothing else we have learned that most big tech companies can cull 50% of their employees and bullsh-t projects and the rest will run fine."
Kepp in mind that CA and Symantec were not as bloated as VMware, when acquired.
They say he gets a rank 2 (meets expectations) every year
The board thinks that he walks on water. And STILL goes into the office.
Has a reverse stock split or split ever happened
No HT doesn't believe in reverse splits. He prefers to focus on institutional investors and not retail for stability
Has a reverse stock split or split ever happened?
Put it this way....AVGO share price on 1st Oct 2009 was $17 (yahoo finance only goes back to 2009, Hock became CEO in 2006) and share price hit $999.98 3 weeks ago.
Ex-CA working for Broadcom chiming in.
When we heard the general demolition plans for CA we thought it was crazy and would never work.
But here we are 5 years later with 4k of the 11k left and things seem generally ok. Same with Symantec.
If nothing else we have learned that most big tech companies can cull 50% of their employees and bullsh-t projects and the rest will run fine.
“Some people are irreplaceable”. Good luck with that mindset!
The BoD have a fiduciary responsibility to the shareholders, (guess you’ve learned nothing from the acquisition) so based on how Hock has driven Broadcoms share price the last 10 years how do you think they view him?!
The company is not going to implode because a vocal minority are throwing their toys out the pram over RTO, as much as you’d like it to.