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It’s the same modus operandi as private equity but worse, because Broadcom has the money and technical resources to do interesting things with the technology, b
by SlightlyLeftPad 4mo ago
It’s the same modus operandi as private equity but worse, because Broadcom has the money and technical resources to do interesting things with the technology, but they don’t.
- lokar 4mo agoKKR bought Avago, which bought Broadcom and took the name. They are a PE firm
- deleted 4mo ago[deleted]
- wmf 4mo agoI think KKR sold Avago/Broadcom years ago but the same CEO and private equity mindset is still there.
- asdff 4mo agoWikipedia's ownership section on broadcom is stale 2024 data but back then at least 10 investment firms and banks owned about 40% of it.
- ddeck 4mo agoBroadcom is publicly listed with a public float of about 98% (i.e. 98% of it's shares are listed publicly). You're right that most shares are held by institutions (~80%), but that typically reflects the fact that most share ownership by individuals/companies goes through intermediaries (401k, fund investments, ETF etc.). Most of this institutional ownership is just asset managers, insurance, banks etc. taking their cut before passing returns/loses through to the end risk holder. The average institutional ownership of companies in the S&P500 for example is also ~80%. None of this takes away from the point that Broadcom is absolutely run like a PE firm as the original commenter noted. Not surprising given the CEO was appointed by KKR/Silverlake 20 years ago. https://finance.yahoo.com/quote/AVGO/holders/?p=AVGO https://finance.yahoo.com/quote/AVGO/holders/?p=AVGO
- Annatar 4mo ago[dead]
- throw0101a 4mo ago> None of this takes away from the point that Broadcom is absolutely run like a PE firm as the original commenter noted. So a public(ly-traded) private equity firm. :)
- lenkite 4mo agoSomeone really needs to build an "Evil Companies" list with flowcharts showing the date/time of demonic possession.
- port11 4mo agoI started building one some years ago, until a friend pointed out that I’d be unemployable and probably targeted.
- fauchletenerum 4mo agoDo it anonymously?
- rbanffy 4mo agoCalling @cstross as technology and demonic possession seem to be some of his core competences.
- Obscurity4340 4mo agoIs @catross generally responsive to beetlejuicing of this nature?
- saagarjha 4mo agoI guess one of the people who made their millions and retired should do it
- ethbr1 4mo agoSounds hard to do from a yacht...
- SlightlyLeftPad 4mo agoWith Starlink, now CEOs can use AI to make decisions from any water in the world!
- next_xibalba 4mo agoThis is not true. Broadcom is a public company. It doesn't have a single or even majority owner.