"John Niggatonni is a fucking devil shitter but there's more to it than just his greed. He's been running the company since 2014 and, even with quite a few fuckups, Unity had been doing fine for quite a while. What fucked things up was the IPO in 2020. Vulture investors bought their way into the board of directors, and the CEO answers to the board. Then things got REALLY fucked up afterwards >Unity is losing money(doesn't help that they've ballooned out of control after the IPO) >Sequoia Capital and Silver Lake(venture capital vultures) tell Unity that they'll invest 1 billion dollars if they buy IronSource, a Israeli malware company, to help with their ad business >The #1 mobile adbased company in the world, Adlovin, offers Unity $17.5 BILLION DOLLARS to call off the deal and merge with them instead >Board of directors go "no way fag" and goes through with the $4.5 billion dollars deal >just to get an investment of $1 billion dollars >???????? >that makes absolutely no sense until you realize that the $1 billion by the VCs could be used for bonuses for the board/C-suites, while a merger wouldn't >Tomer Bar Zeev, IronSource founder, becomes one of Unity's president >the same Tomer who, along with Shlomo Dovrat(I'm not making this name up) sold a bunch of their shares in the past year >Out of the 13 director's board member, 11 are investment managers
As always, VC, Wall Street, stockholder-based bullshit is the cancer of this world and greedy shitters ruin it for everyone. The beginning of the end was in 1916 when Ford, after getting record profits and having a capital surplus, wanted to reinvest that money into the company by giving it back to the employees and upgrading his plants, thinking about the long-term longevity of the company.
But two brothers who owned 10% of the company sued him and WON. So now companies are legally obligated to always focus on shareholders' profits above all else. I fucking hate this reality." https://boards.4channel.org/v/thread/650933060#p650975021
@Meemoo Nah, Ford wanted to rip off the other owners by denying them any return in investment. The people who run the company are doing so on behalf of all owners and have fiduciary obligations to them. The Dodge Bros. weren't Jewish; they just included the Star of David as a "fuck you" to Ford.
@Meemoo :jahy_dead: Sometimes I wonder if the judge from that last part was oblivious to what he had set in motion or if he was bribed to side with the two brothers :jahy_dead:
@Ronnie21093 most judges are retarded and don't think about the long term effects of their rulings because as long as their checks come in, then nothing else matters. Doubly so if they are getting a nice sum for ruling a specific thing.