tchbnl
Joined 10 years ago
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Joined 10 years ago
It's the same for hosting companies. A single PE firm (Endurance) owns over two dozen hosting and domain firms. The first thing they do is lay off the staff (because they already have outsourced agents) and strip the bits away until it's nothing more than a shell with a name for one of their other platforms.
PE is a cancer, and I don't even know if I can count one that has ever been a net positive for a company. All they care about is extracting more and more until all that's left is a stone.
Ah, but that's still one basket.
Depressing. Intel is going to die under this guy's "leadership". I wonder what company will swoop in and buy them? I wonder how much his golden parachute will be.