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Do truth-in-advertising laws apply if IBM were to change course from a stated goal?
by ISL 8y ago
Do truth-in-advertising laws apply if IBM were to change course from a stated goal?
- noelsusman 8y agoNo. They can do whatever they want.
- gnufreex 8y agoWell no, but no law needed here. You see, this is part of the deal with Jim Whitehurst and rest of Red Hat management, otherwise, Jim would not pitch this to shareholders as a good deal. It would be a hostile takeover, which can fail, or lead at the end of IBM buying just a shell of the company. So to back up their intentions, IBM probably had to give golden parachutes to Jim, Paul, and rest of Red Hat top execs, and probably huge golden parachutes ones at that. Jim is becoming part of IBM uper management and keeps leading the Red Hat business unit. If Gini starts some crazy moves to endanger Red Hat's well being as an entity inside IBM (as in IBM-fying the company), she will get at odds with Jim and RH upper management. So she can fire them all and pay up bilions in golden parachutes, at which point they will probably found a Green Hat company and hire away all Red Hat employees... or Gini can keep her word in the deal and leave Red Hat a separate business unit within IBM, one that grows revenues and profits, unlike most IBM business units. And IBM is a meritocracy, if Red Hat continues good performance, expect Red Hat execs taking top position, including next CEO role. In other words, I expect IBM to be Redhatized, and not other way around.
- janc_ 8y agoOnly if you bought something from from them based on those promises. Be sure to collect & notarize proof.
- pbarnes_1 8y agoNo. Once the deal closes they can do whatever they like.