• 4 Posts
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Joined 11 months ago
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Cake day: July 28th, 2023

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  • Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

    The SEC’s decision to make this shift came against the backdrop of President Ronald Reagan’s era of deregulation and coincided with the rise of ‘free market’ economists preaching a new type of social responsibility for business: increasing profits.

    So, uh, yeah, it’s more of that sweet #1 bullshit from Reagan. It’s true the loss of experienced people hurt the company, there have been numerous reports on that aspect. That doesn’t have anything to do with cheating on quality inspections.





  • I tried out FreeBSD about, oh I’m not sure, maybe 15 years ago. I really liked it. The filesystem is much cleaner than Linux, and it was a nice experience. Unfortunately, or fortunately, I’m GPL for life and the BSD license just wasn’t sitting well with me so I went back to Linux. If you haven’t tried it out, and you’re not a gamer or whatever, I suggest trying it out. You might really like it.