3 ms·

TCI / Chris Hon are only doing this because his fund is mainly invested in Microsoft and Alphabet[1]. Guess what, his fund recently lost a bit of money for the

TCI / Chris Hon are only doing this because his fund is mainly invested in Microsoft and Alphabet[1]. Guess what, his fund recently lost a bit of money for the first time: TCI[2] Its ABSOLUTELY DISGUSTING that MS and Alphabet are being pushed into laying off collectively over 20K people so this billionaire can recover a bit. Like, could this not be a national security issue? This man is able to have Google trash their open source initiatives on a whim, making the company weaker. It should be very very illegal. 1: https://seekingalpha.com/article/4567705-chris-hohn-tci-fund-management-13f-portfolio-q3-2022-update https://seekingalpha.com/article/4567705-chris-hohn-tci-fund... 2: https://www.bloomberg.com/news/articles/2023-01-20/hedge-fund-manager-chris-hohn-s-13-year-winning-streak-ends-as-fund-drops-18 https://www.bloomberg.com/news/articles/2023-01-20/hedge-fun...

lazide 4y ago
Huh? He doesn’t have control of Alphabet, for sure. This is broad and across the industry.
- buildbot 4y ago
  Yes that is correct, but specifically this person is the activist investor publicly pushing for this. Maybe that had no effect, but certainly it seems like this man might be a bit responsible.
  - mike_d 4y ago
    The man with basically no voting shares can scream into the wind all he wants, it does not impact Google leadership one way or the other.
  - sumeno 4y ago
    He's a convenient scapegoat for the people who actually made the decisions, the execs that are paid primarily in stock and have perverse incentives for maximizing short term gains.
micimize 4y ago
I really wouldn't assume Chris Hon has this much pull or that these decisions are due to investor pressure. Maybe a flimsy rationale but if he did have that kind of influence I kinda doubt he'd be speaking publicly – seems more like a personal branding effort.
Rebelgecko 4y ago
There are definitely billionaires profiting from the layoffs, but if you look at who owns shares of Google stock it isn't people who own a paltry <1% of shares

lazide 4y ago

Huh? He doesn’t have control of Alphabet, for sure. This is broad and across the industry.

buildbot 4y ago
Yes that is correct, but specifically this person is the activist investor publicly pushing for this. Maybe that had no effect, but certainly it seems like this man might be a bit responsible.
- mike_d 4y ago
  The man with basically no voting shares can scream into the wind all he wants, it does not impact Google leadership one way or the other.
- sumeno 4y ago
  He's a convenient scapegoat for the people who actually made the decisions, the execs that are paid primarily in stock and have perverse incentives for maximizing short term gains.

micimize 4y ago

I really wouldn't assume Chris Hon has this much pull or that these decisions are due to investor pressure. Maybe a flimsy rationale but if he did have that kind of influence I kinda doubt he'd be speaking publicly – seems more like a personal branding effort.

Rebelgecko 4y ago

There are definitely billionaires profiting from the layoffs, but if you look at who owns shares of Google stock it isn't people who own a paltry <1% of shares