Thread regarding VMware layoffs

Eliminate liablity for breach of fiduciary duties??

Interesting, I feel that officers should be held accountable for breaching their fiduciary duties. They get the big bonuses for reaching targets and should be personally liable if they cooked the books.

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| 1251 views | | 5 replies (last October 12, 2022) | Reply
Post ID: @OP+1jaYF26S

5 replies (most recent on top)

As a stock holder, pretty pleased with the takeover, just find it funny and ironic that they are looking to indemnify themselves from potential breach of fiduciary duties, surely it will go against their ESG score??

The employees are the bag holders here.

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Post ID: @cfs+1jaYF26S

Regardless of what you think, like or want, the Nov 4 meeting is going to pass as the 2 biggest shareholders have already said they are voting for (Dell and SilverLake). They just have to have the meeting because law / regulations.

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Post ID: @hfb+1jaYF26S

Don't be so bu-t hurt, interesting that they are looking to make this change though.

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Post ID: @vmo+1jaYF26S

If you live in the USA and can prove a corporate officer's malfeasance, the SEC will give you a nice reward.

Of course you're just talking bullsh-t you know nothing about, so nevermind.

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Post ID: @ett+1jaYF26S

Others feel the same way

https://www.bespc.com/cases/vmw

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Post ID: @now+1jaYF26S

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