This is huge. They used to do anything to report a profit. I was part of the 2016 reduction and we knew it was for them to reduce sg&a. They offered early retirement to many high level (VP+) to get salaries off the books. We were always told Intel would never report a loss.
If you’re going to have a loss, or have to pull out all the stops to scrape by, just make it as bad as possible (jam everything bad you can into it).
Then you take all the pain at once, and from that point on everything will look better. People will say “look how far they’ve come since that $500MM loss!”
At least, that’s the theory. Especially handy right now when congress was debating (now passed) a handout to the industry.
How did it go? I'm in a very similar boat. VP, manage 3-5 year tech projects, present to C levels, but have a meta interview too. I'm pushing mine off to the fall bc I need to get other aspects of my life in order first.
Dcrainmaker has been "pay for play" for at least the past 10 years. He's very thorough, but not altruistic. There was a guy on Slowtwich that shared a conversation with him that was enlightening to that fact.
Someone has to pay the bills. I don’t think receiving money to do a review is inherently wrong, there are just too many products to afford to review, but having a rigorous process to eliminate or expose bias is important. However, it does suck looking for reviews of a product which is not a main player in the market or category.
I agree. He uses statements like "this was a test unit and I'm sending it back at the end. I will purchase one with my own money" to make it seem like he wasn't compensated. Be really needs to start it off saying he was, but not with the unit.
Tell that to Jay Sidhu and BankMobile/bmtx. Started his SPAC when the Flagship acquisition of BankMobile was failing. After never being able to dump the asset from Customers Bank, his son's SPAC purchased BankMobile.
It would be hilarious if it weren't so sad how preferential treatment from the SEC is. I wonder if they're just lazy or if there really just is a wall street nepotism club.
Kinda amazing how much trust people put into an institution with the bulk of their net worth that routinely ignores and enforces rules arbitrarily.
Or Patrick Orlando and Donald Trump, who reportedly discussed their SPAC merger months before Orlando sold shares to investors. But then, I think enforcing this no-contact law will be hard, i.e. difficult to prove unless regulators obtain explicit proof of a conversation between interested parties.
I'm 39 going on 40. Was hired into my dream job this year that set me up for life.
I also just turned in my notice last week. 12+ hrs are the norm, I have to "tattle" on other VP's who want to promote their own agenda.. burned out and not present with my family.
Will happily take a pay cut and work a "9-5" with late nights at my choice.
This is my fear. Hard to know how the “dream job” will pan out. Certainly simpler and somewhat safer to stick with known arrangement (so long as it is still available)
Temping to see what else is out there tho. Hard to pull the trigger without a boomerang option
Grew up as a standout soccer and volleyball player. Got burned out before college and switched sports. Found endurance sports in my late 20s and love it bc I can go out and disconnect from everything. Still play competitive sports, but being out in nature is what I love.
