“As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions,” he wrote. “To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus.”
https://www.cnn.com/2023/02/07/tech/zoom-layoffs/index.html
Hey ELT and PG, are you paying attention?
Do you realize that as of Dec 2022, Intel has $81.3 Billion in plant, property, equipment (long term assets) after accounting for depreciation?
So the market only values the rest of Intel (IP and other assets) at $115B (current market cap) - 81.3B = $33.7B.
Zoom only has $341.8 Million in PPE. Zoom's current market cap is $21.7B.
Just to let you know there is this thing called market capitalization. Stock price only matters in the context of when you owed it and when you sold it.
Zoom - $24.75B
Intel - $120.18B
@1ixs+1l5myTDy - Zoom is JUST a video platform huh?
Yep, and Zoom’s stock price is over twice that of Intel’s.
Unfortunately zoom is just a video conferencing platform. Something you can build you're own with few lines of code (and you don't have to install anything on the client side). I don't know how people can even think working for such garbage
Hey, let me answer on their behalf: “No.”
Savvy?
This is exactly what I meant when I say, Pat missed an opportunity. He should have taken 75% pay cut. Not to help Intel, but to send a message. He could have easily delayed his compensation to 2025 or something like that.
All is good at Intel, no need for such radical cuts