Thread regarding GlobalFoundries layoffs

TC sold 31 million in shares in one month!

DR has been selling shares of global from January to September that have amounted to over 18,000,000.

From May 25 2023 to June 26 2023 TC sold over 31,300,000 in shares!

How ironic to have these posters of ethics week all over the building when these people treat the livelihoods of their employees like their own piggybank while asking us to come up with cost savings ideas.

Here's the proof.

https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/

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| 1732 views | | 17 replies (last October 24, 2023) | Reply
Post ID: @OP+1p8hZcsS

17 replies (most recent on top)

@4psy+1p8hZcsS
It reads to me "$31 million IN shares".
Looks like you're one of those id--ts you're describing here. Reading is fundamental.

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Post ID: @7gwj+1p8hZcsS

@4rxy, 31 million shares?? Uhmmm try again Einstein, it is $31M which would be aprox 530K shares. With employees like you I see why the ship is sinking!!!!!!!!!!!!

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Post ID: @4psy+1p8hZcsS

sour grapes... thats his RSU ... so what .. if i am him i will also cash out ... 31 million shares will give me a fat bonus

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Post ID: @4rxy+1p8hZcsS

You're the guy who's constantly posting and got fired. Why do you care what happens at Global?

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Post ID: @3tlg+1p8hZcsS

I don't understand what people are complaining about.....you may not like that C-suite fat cat execs get significant stock packages as part of their compensation, but that's the reality.

What do you expect them to do? Not sell it? Some stock options have expiration dates by which they must be exercised or lost.

Duh....wake up, get real....it's called capitalism. Unfortunately, the disparity from top to bottom in most companies is too extreme and not unique to GF.

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Post ID: @3ekm+1p8hZcsS

@OP

Tell us where TC touched you. Your unemployment run out yet?

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Post ID: @2nwr+1p8hZcsS

Say the word folks, we have the proof. We don't want to see good people lose money but you want some news to start to pop up...we have you. There's an old saying "you might stop a few of us but you can't stop us all". The unseen don't need to be suffer cuz a richy acts up. Upvote or down vote to tell us what to do.

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Post ID: @2cbs+1p8hZcsS

When are we getting rid of TC & DR? They are doing nothing to help find a path forward for the company, just bleeding the company dry before jumping ship.

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Post ID: @1xmk+1p8hZcsS

Onward team !!!

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Post ID: @1mhk+1p8hZcsS

@OP

Good for him, I'd do the same. Worry about your own finances you pathetic loser. Apparently that GED of yours isn't paying off.

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Post ID: @1mog+1p8hZcsS

Lol.. love it.. SLT slowly bleeding the company of cash/assets. Only a matter of time.

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Post ID: @1jwv+1p8hZcsS

Ethics week at GF? What a joke, ethics only applies to lower levels at GF, if you are above a certain level, you make your own ethics rules. GF has current and former SLT who have slept with reports under them, touched reports under them inappropriately and are alcoholics. Leading by example .......

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Post ID: @1qry+1p8hZcsS

What this tells us is neither TC nor DR have confidence in the stock longer term. If they had confidence, they would hold it and sell for higher price. Must be 3Q 2023 results are going to tank and the stock will follow. We all know GF is a sinking ship, jump now while there are lifeboats available before the ship takes on a significant amount of water!!!!!!!

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Post ID: @1fjm+1p8hZcsS

To @quc:
Bless your advising to read.
Here's a book for you on this subject: "Pigs at the through...".
Enjoy !

http://www.publishersweekly.com/9781400047710#:~:text=PIGS%20AT%20THE%20TROUGH%3A%20How,Political%20Corruption%20Are%20Undermining%20America

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Post ID: @lzg+1p8hZcsS

Na, he is going to leave. Just like anything else follow the money back to the UAE. I got out and I have only one piece of advice for anyone on this site. I used to come here too to bask in misery. If you are on this site, then you already want to leave. You just have not said it yet, don't worry about what others are doing. Take the leap, the grass is always greener if you are being held down by stone.

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Post ID: @ied+1p8hZcsS

What does he know that we don’t??

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Post ID: @rtl+1p8hZcsS

You’re obsessed with someone else’s success. Read a book and figured out how to do it yourself.

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Post ID: @quc+1p8hZcsS

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