• FireRetardant@lemmy.world
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    9 months ago

    Nortel basically cheated the stock market by buying any company they could to look succesful while publishing not so real numbers in their reports, which caused their stock price to explode for a few years. Investors only care about returns. They don’t care if the company goes under after they’ve made their money

    • bfg9k@lemmy.world
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      9 months ago

      Nortel was like old school AT&T, they got big by doing things properly with reliable, well-designed hardware/software and hiring lots of extremely talented people, and once the money reached a critical mass they started doing super shady shit and traded out all of the talent, passion and loyalty for more money until nothing but a husk was left, and it inevitably collapsed.

      Greed consumes all.

    • Null User Object@programming.dev
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      9 months ago

      That’s a far cry from investors just counting how many job listings the company has on Indeed without knowing if those positions are actually being filled, and if they’re new positions or just replacing people that quit