Thread regarding EMC Corp. layoffs

Is this how a private company works?

It has been reported that Michael S. Dell bought 254,545 shares of DVMT on Jan. 9 for $27.50 per share.

http://finance.yahoo.com/news/weekly-ceo-buys-highlight-145254335.html

On that day, you or I would have to pay $57.76 a share.

Should also note that was less than the $47.20 we were offered as part of the merger.

So he made $7.7M (gross) just on that transaction.

I guess that's what we are here for as employees of a private company, to help build his wealth while fearing being laid off.

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| 4191 views | | 3 replies (last February 2, 2017) | Reply
Post ID: @OP+LvlnT6I

3 replies (most recent on top)

Government regulations and predatory taxation by local authorities, all quietly financed by large corporations giving huge fees to politicians for 20 minute speeches , are the only things stopping this

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Post ID: @9prf+LvlnT6I

Why these mega-mergers? Fees, egos, and pricing power. In the end employees lose. Who is dumb here?

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Post ID: @ugl+LvlnT6I

Just as Marx had predicted, this crisis of global-debt-cartel-state capitalism was the result of internal contradictions built into all forms capitalism dominated by capital and the state that protects and serves capital. I guess very many folks partied too hard with the merger.

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Post ID: @uxm+LvlnT6I

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