"He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States,”
Looking forward to the shareholder lawsuit for, inter alia, breach of fiduciary duty and the deposition of the President.
(The press' acceptance of this statement demonstrates the presses corruption and supplication. The fact is, the US government gave INTC $10 billion in taxpayer money - my money, your money, our money - not the other way around. I dont think the capital raise is a breach of FD, I think getting the money in exchange for the vote to support the BOD through thick and thin is the breach. [Obviously, if INTC parted with $10 billion in exchange for nothing more than keeping the CEO'S job, that's summary judgment territory on a FD claim.])
Next on the list for government shares are Disney and other media - seriously, just Google today's news.
The pattern is to attack (the stick), then make an offer which can't be refused (the carrot). AMD, NVIDIA, INTC, CBS, Columbia, the biggest law firms. Better believe that QCOM, TXN, Deere, CAT are all going to follow.
The patent thing also places EVERY US innovator in the same boat - a piece of the action in exchange for smoother sailing. Of course, the source of the piece to be given is a small portion of my, your, our ownership.
Puts a whole new meaning to the phrase "the government is here to help." |
