• GMac@feddit.org
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    1 day ago

    Impressed is not a word I would personally choose to describe a man whose actions clearly amount to insider trading, securities fraud, federal bribery, abuse of office, breach of US national security, breach of US sanctions, and willing, knowledgeable participation in a multinational multibillion dollar value smuggling network.
    …and that barely touches him personally presiding over circular financing lunacy on a scale that makes the Enron look like a rounding error.

    No… impressed is not the word - what everyone should be is apoplectic. It is outrageous that quality journalism dating which has been exposing these things for over 2 years now (notable examples from Ed Zitron and Steve Burke are easy to find), has been consciously ignored by the mass media who only woke up when the words “Chinese”, “spy”, and “sex” could be put in one headline. Hopefully we’ll see if the US justice system, international economists, and international trade politicians have woken up too over the next few days.

    • Buffalox@lemmy.world
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      1 day ago

      abuse of office

      Pfff he is not in any office, abuse of office refers to public office, not private enterprise.
      You may have your own opinion, if you can’t see the merits of taking a company from nothing to global leader, we will just have to disagree on that.
      Everything you mention was NOT what made Nvidia the global leader, but how they abused their position as the global leader.

      • GMac@feddit.org
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        1 day ago

        First up you’re just plain wrong about abuse of office.

        Just a few examples:

        Germany allows personal criminal liability for senior managers who breach their duty of care, and companies can also face fines if the offense enriches or was intended to enrich the company.

        Japan criminalizes “special breach of trust” by executives, punishable by up to 10 years in prison.

        South Africa holds company directors and managers criminally liable for cartel activity.

        United States: CEOs and CFOs can face criminal penalties—including fines up to $5 million and up to 20 years in prison—for willful misconduct in certifying financial reports. but I’ll let you challenge that last one, because it is:

        • the relevant jurisdiction for Nvidia, and
        • a banana republic with a shaky track record of legal enforcement

        If you think Nvidia got to be #1 honestly and then just made a couple of mistakes recently then you’ve been grossly misled. There has been a longstanding pattern of misbehaviour with very public markers going back consistently to at least 2018 where they were caught on financial disclosures/misreporting and anticompetitive business practices. Highlights here: https://www.xda-developers.com/the-biggest-nvidia-controversies-of-all-time/

        I doubt it is coincidence that the company position and stock price that impresses you so much started going up around 2018: https://stockanalysis.com/stocks/nvda/history/

          • GMac@feddit.org
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            1 day ago

            Your ‘impressed’ position was ill-informed and poorly judged. Now you are just making pedantic arguments instead of accepting reality. That’s your choice, i’ll waste no more time on you.

            • Buffalox@lemmy.world
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              22 hours ago

              WTF! People don’t find it impressive to create the worlds most valuable company through 30 years of steady progress!
              OK then we disagree. You probably woulodn’t find it impressive if someone could jump 3 meters, if he made a fart on the way!