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Pretty sure GE had a similar bottom slicing program and look at how that company has performed. They were once a big conglomerate and they are now a shadow of t
by polymerist 5y ago
Pretty sure GE had a similar bottom slicing program and look at how that company has performed. They were once a big conglomerate and they are now a shadow of their former self.
Companies are just collections of people who are delivering goods and services to customers and returning money to shareholders. The PIP story isn't even surprising based on reporting from Big Technology and even the New York Times story from a few years ago.
I suspect Amazon is going to be in decline the next 20+ years and the start of that decline will be the company breaking up and selling off it's "non-core" businesses.