6 ms·
KKR bought Avago, which bought Broadcom and took the name. They are a PE firm
by lokar 4mo ago
KKR 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.