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A comment on Man who built ISP instead of paying Comcast $50K expands to hundreds of homes. Parent comment

Re:Man who built ISP instead of paying Comcast $50K expands ... by Spivak on Wednesday August 10, 2022 @02:40PM (#32416596)
The thing I can't really understand if this is the argument is where the money is actually going? With an on paper 11% profit margin it's certainly isn't shareholders, and even if the executives rake it would still be a blip in their total revenue.
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Re:Man who built ISP instead of paying Comcast $50K expands ... by rasz on Wednesday August 10, 2022 @10:04PM (#32420774)
It is precisely shareholders and executives. 11% profit margin but huge share buybacks, bonuses and acquisitions.
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Re:Man who built ISP instead of paying Comcast $50K expands ... by missedthecue on Thursday August 11, 2022 @09:52AM (#32425565)
Share buybacks and acquisitions come from post profit money, not pre profit, so they won't impact the margin. They're not a line item in operating expenses.

Bonuses and other remuneration will, but no executives are getting $5 billion annual bonuses there and ~$million bonuses won't move the needle.

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