#waste

Nothing better to do with your corporate time then waste a couple days a week/hours on going to a store? No work to do? Come to the stores and just get in the way and have no idea of things. It's beyond comical. Talk about a waste of time. Must be nice.

Its literally just a vendor solution that they wrapped around Copilot.

Its a joke.

The fact that our leaders think that this Pixel cr-p will lead us to the promised land where Codex and Claude Code couldnt is wild. Shows how incompetent they are, and that no one is checking their work, even if they waste BILLIONS of dollars.

Well that was a waste of an hour.

My Lawd, what a waste of time. Wonder how much money we burned for this "enlightenment" training of AI.

1. Make a hasty and uninformed decision, consulting only people who know nothing about anything (J and Yogi) and not anyone who actually knows.
2. Waste a few million dollars.
3. Reverse course.
4. Pretend that was the plan all along.

They seem to be hogs when it comes to who gets to attend these, they spend thousands of dollars on flights and hotels and conference costs. Yeah, absolutely nothing comes out of it. They do nothing to share with the company of the point of attending these conferences, but their LinkedIn seems to grow tenfold within days..

I have my popcorn ready

Wanting to see how the company wastes more shareholder money

What do all of you think?

By now, the Centene/Hope Florida story is pretty well known. Centene agreed to pay Florida $67 million to settle allegations involving Medicaid pharmacy benefit overbilling.

But the state didn't get all of it. Florida directed Centene to send $10 million to the Hope Florida Foundation. Centene had seven days to make that payment.

Within 18 days, Hope Florida had sent the entire $10 million to two nonprofits. Those groups subsequently sent $8.5 million to a political committee fighting Florida's mari--ana amendment.

A grand jury later described the money as “misappropriated as part of a sophisticated scheme to fund political activities,” although it found insufficient evidence to bring criminal charges.

Centene says it was directed by the state to make the donation and “had no part in or knowledge of” what Hope Florida subsequently did with the money. That's important.

There is no evidence I've seen that Centene knew where the money would eventually go.

This is where the irony gets pretty hard to ignore. This is a company that requires employees to complete annual Fraud, Waste and Abuse training.

Remember: Centene has a Special Investigations Unit.

It tells employees to be vigilant in detecting, preventing, and correcting fraud, waste, abuse, and non-compliance. Centene says its FWA work is about “accountability, transparency, and efficiency.”

And its own values include: “We do what is right, not what is easy.”

Meanwhile, Centene remains deeply embedded in Florida's Medicaid system. So forget what happened after Hope Florida received the money for a minute.

Here's the question I'd like somebody (maybe a reporter who’s not afraid to write about something real, not margins or stock price-related) to ask Centene: When $10 million from a Medicaid settlement was redirected to a foundation instead of the state, what questions did Centene's compliance, legal, or executive teams ask before sending it?

Maybe there are perfectly good answers. Let's hear them. Because now there's another development. The money trail has reached the IRS. 😳

The IRS Whistleblower Office has acknowledged receiving a claim involving the Hope Florida money and assigned it a claim number. That does prove wrongdoing not prove wrongdoing. It doesn't mean the IRS has opened an examination.

And it certainly doesn't prove Centene did anything illegal. (very important!)

But this story has moved a long way from a weird $10 million line item in a Florida Medicaid settlement. For a company that spends a lot of time teaching everyone else about fraud, waste, abuse, transparency, and accountability, asking what its own people knew, what they asked, and what controls were applied seems pretty reasonable.

“We do what is right, not what is easy.”

Centene requires annual Fraud, Waste and Abuse training. Maybe the next one should include a case study. Start with the $10 million.

A fcking money wasting sh-tshow presented by award winning Bollywood and Hollywood actors and actress.

What a waste

So myopic to shove their waste of money spent on creating a new corporate headquarters for Charlie so he didn’t have to move 40 miles from his site location in San Francisco.

Can’t keep a job, fired from morgan stanely, who wants to drag him on meetings? Lyons has bad judgement. Waste of $2 million.

This is what is just one of many things wrong with having large for-profit corporations to be handling the administration of Medicare. They are part of the problem of fraud, waste, and abuse…NOT the solution.

When a large corporation, owns several pieces of the supply chain, both acting as the insurer but also owning hospital facilities, labs, and urgent care centers, these same health insurance corporations can push providers to have procedures done in day a costly surgical hospital, even though the procedure would normally be done as a simple outpatient with local anesthetic. The difference between the two can be from $18,000 to just $3,000, for just this one example in the article. But I have read about much worse examples than even this with disparaging costs on the hundreds of thousands.

Please feel free to read either article, which are the same but in case you trust one news source over the other I am supplying both.

https://kffhealthnews.org/news/vertical-integration-high-health-costs-prices-hospital-mergers-pharmacies-pbms/

https://www.cbsnews.com/news/vertical-integration-healthcare-higher-patient-bills/

https://pluang.com/en/compare/otex-vs-wm

I said it before and I will say it again. Not enough American buyers want an EV. Hybrid is something a lot of people are interested in. Common sense with hybrid - you get enough range for more day to day driving off Electric, but still have gas for longer trips. Didn’t anyone at Ford learn anything from the Lightening flop? I called it back in the day. This Ford Fathom is gonna be the same deal. Bad bad bad. Waste waste waste.

Who are these “Yes” people telling BF this nonsense of EV’s???

I know people don't want to hear that but it's true. Hear it out.

BAIN is running the company now. That's why there is such a stark deviation from the way Dell has always operated in the past. Bain & Company is one of the top global Management Business Consulting firms - emphasis on the term "Business Management" since Dell has exercised very little of that discipline up until now.

Rest assured BAIN is going over the portfolio with a fine-toothed comb. They are looking at delayed and failed projects. They are looking at the number of employees per project. They are looking at burn rates. They are looking at abysmal productivity ratios. They are looking at fixed, variable, and sunk costs associated with underwater ROI for numerous projects that have failed year in and year out.

The truth is Dell operated with little to zero accountability in the past. Now there is accountability and people are surprised?? It should be the other way around. We should all be surprised it took MD this long to clean up the fat, the bloat, the waste, the inneficiencies, the lack of execution, the lack of accountability. And whether you want to believe it or not, he's cleaning it up to get the company ready for sale before he retires.

Granted, Wall Street loves these types of moves because layoffs in particular artificially prop up EPS on the income statement. Investors love that. However, when there's no one else to lay off, and productivity is still floating around 3%, Dell is dead in the water. That's a fact! That's why MD is trying to sell pieces/parts before it caves in on itself. Dell has run its course.

BAIN Is calling the shots now people. Get used to it. The more layoffs we have, the more you can assume long overdue waste and bloat are being discovered in the numbers.

Every year the "top" contributors get to go (with a plus one) to the Diamond Club event. Waste of $$$$. Always, a 5 star place. Top entertainment. Stop the Waste. They have to have 1 person from each group nominated.

Entire empty buildings, with equipment on a single floor, are kept at refrigerator-like temperatures. Why?

biggest waste of time and money...walk around , waste 10hrs(person) or more depending were your coming from...and get a power point recap a few days later...u guys/gals are stupid

The function I work in had a global team call today. It was framed as an update about the reorganization. Leadership did not have ANY new information. They literally said what was previously announced in an email, then did 20 minutes of Q&A that mostly consisted of responses like “We are early in the process. We don’t know that quite yet, but we’ll tell you when we have more information”. Waste of time.

Having worked for this company for many years, I can’t tell you enough about all the “fluff” six-figure upper leadership roles that are simply created to promote up, and aren’t even needed.

Wasted money. And here we are.

Walking through the buildings this morning that has become an endless and never ending corn maze of “improvements”, it dawned on me, Chevron is lost. From elevators, escalators, college dorm style offices, orgs that don’t work, consultants ripping us off, workflows in the name of simplicity that accomplish the opposite, lack of accountability, zero clarity and more, we are lost. None of this helps us make more oil, gas and profit and YES, that is what we are supposed to be doing. All this waste and not one thing is improved. Not one. All are worse. No project should be considered without answering the question of how it makes things better for employees so they can help Chevron make more oil, gas and profit.

Why is there a massive fan center set up in the mezzanine? What a giant waste of money and time. The office is a place for working, not watching meaningless soccer matches under the guise of finding oil.

Was in a call yesterday where a vp said "we are locked in a room in sunbury, trying to figure out and setup the new org and reporting lines" for the capital dev team. Seems like we are "reinventing" the wheel again. Incredible waste of time and resources, whilst some leaders egos (and pockets) get boosted. So fatiguing.

So many layers, so much waste.

We have, by far, the worst recursive management hierarchy in the entire industry.

And they know it.

since 2020, the market cap of TMO today is basically the same as Verizon...what a waste of money ($50+) and time (5+ years). Sad, sad, sad...

They spent 1000's of Dollars installing big screen TV's over all the departments in the Process Center to televise production information, but could never get it to work the way they wanted .... now the TV's are sitting idle and they have spent more money to hang dry erase boards in all departments and gone back to hand writing everything like we're back in the 80's!!

And we wonder why the state of California's next-generation 911 system is a mess and wasted $500 million. This is the company they contracted, which is amazing that anyone would give them a contract of this size.

All I have to say is - thank you for the free hour on this beautiful spring day. What a joke and useless line up of BS from KO and clowns.

BD got another new platform to waste money on. Hope, TGS id--ts will be kept out of it if we are serious about any meaningful value from that investment.

Someone explain to me why we seem to have the money to travel the IT leaders in every region around so they can glad-hand and throw parties for their leadership cronies, when they don’t make us revenue. If anything they cost us more and more every day.

Except a few gems (20%), ISS is a majority DEI Swamp (80%) - that gets nothing done, as they have no clue except to CHECK Boxes. They just focus on superficial compliance rather than meaningful action, as part of process checks (same questions asked by many different ISS Stakeholders). A total waster of $ spend on ISS.

Another Diamond Club trip that wasted money. San Diego with Train playing,
Just the band could cost up to $750k and the people attending and their plus 1.
Waste.
A person must be picked each year and of course upper management gets to go.
Could have been spent otherwise.

He’s so obsessed, and wasting millions

We had a coffee chat with the director of our department, and they mentioned that most of the LCS projects are likely to be either discontinued or significantly scaled down. At the same time, there’s another initiative emerging informally around DAC using Amines. The person leading this has no knowledge of fundamentals. Another waste of resources.

my opinion, complete waste of time. Department trying to justify their wasted "AI" investment.

BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?

Apparently Intel is not following high NA anymore. What a waste of 300m$ equipments

Why do we even have loss prevention in our stores? They can’t apprehend anyone anymore. They don’t actually do anything except walk around the store and chat with the sales associates. Honestly, it feels like a complete waste of money.