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Capitalism is ****ing SHIT!
We need a better system. The "pure" version of just about any economic and/or political system falls short in some way. Communism certainly hasn't fared better though I do think there are certain aspects of Socialism that are worth fusing with certain aspects of capitalism.
On topic: Meh. EA is a horrendous company if reports pertaining to management's treatment of employees (underpaid while being overworked,) are accurate. Couple this with their atrocious version of "customer service" and "effective anti-piracy measures" (now there's a laugh,) causes me to receive this news with bittersweetness. On the one hand it means that there are people who will remain with their jobs which I think is a positive thing. On the other hand it means there are more unemployed people now and that EA gets to continue its virtual rape of the gaming world. Well there's just something very wrong with any system that rewards a company for putting people out of work, which is effectively what's happening here. I couldn't agree more. I know that in the US, billions of taxpayers dollars were given to big corporations on Wall Street. And instead of using the money they were given to save jobs or improve things, they handed out multi million dollar bonuses to their "top executives" who lost them millions in the first place. Why don't these execs take a pay cut to keep some of these places from completely going under? Something needs to drastically change. I wonder what games they will cut? I agree with your sentiments and outrage over some of the reports that have been coming out in regards to CEOs still receiving massive bonuses despite their companies stock tanking. It's unconcionable and should be illegal with severe punitive measures to follow.
However, regarding the surge in EA stock after announcing more layoffs is a bit tricky. It has to do with investors' assessment of EA's overall ability to be competetive. Since EA's stock has now risen it signals that various investors have faith in EA's ability to deliver dividends for the stockholders by cutting costs and maintaining existing profitable ventures. The trick being how do you maintain quality and productivity at the same levels with fewer hands on deck? It is possible to do it with fewer people depending on operating procedures, efficiency, etc. but it can certainly also go the other way where you end up with remaining personnel being stretched thin on the "front lines" as it were. Yay, lets fire some people so we can make rich *****s richer...wooooo go EA. Wankers. |