EK seems to be having major issues

[Bobaganoosh]

There are a few too many high horses in this thread.

Nay, sir, I say nayyy, this horse has fallen down. It had bad knees and couldn't continue. I believe it may be quite dead, but if you read this thread you'll know how fond people are of beating dead horses.

 

[Assimilator]

It's called perspective ~ try it once!

Actually it's called whataboutism and you're trying it a lot. And failing.

How many have times Apple lied to you, Nvidia, Intel & yes AMD?

Please show me a time where Apple, NVIDIA, Intel, or AMD have failed to pay their employees and suppliers for months, while their executives continued to pay themselves tens of thousands of dollars so they could live the high life.

I'll wait.

 

[R0H1T]

So screwing over customers is fine, but not employees? I expected a situation where everyone comes out generally unharmed at the end, but that's not really possible if you have questions over the brand/company surviving.

Actually it's called whataboutism and you're trying it a lot. And failing.

Nah, it's called missing the forest for the trees! Pretty much none of you have presented a defense for his caustic language over a really long time now! Maybe because you find it amusing, or that's why you watch him?

I'll wait.

Keep waiting

 

[Assimilator]

Nah, it's called missing the forest for the trees! Pretty much none of you have presented a defense for his caustic language over a really long time now! Maybe because you find it amusing, or that's why you watch him?

Keep on with that whataboutism...

Keep waiting

So you admit you have no counter-argument.

 

[BoggledBeagle]

Please show me a time where Apple, NVIDIA, Intel, or AMD have failed to pay their employees and suppliers for months, while their executives continued to pay themselves tens of thousands of dollars so they could live the high life.

I'll wait.

While are you waiting you can tell me if for example Intel executives who are laying off tens of thousands people lowered their compensation somehow?

Have you missed the information that EK owner sold some property to be able to pay off some debts?

Have you missed the information that he apologised to his emplyees for a short delay in paying them wage?

Are you capable of understanding that a lot of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke?

 

[ErikG]

Not really, bad management.

 

[danc]

While are you waiting you can tell me if for example Intel executives who are laying off tens of thousands people lowered their compensation somehow?

Have you missed the information that EK owner sold some property to be able to pay off some debts?

Have you missed the information that he apologised to his emplyees for a short delay in paying them wage?

Are you capable of understanding that a lot of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke?

Steve gamernexus struck me off as a biggest, most obnoxious, most snarky armchair critic.

It is easier to make content with hindsight to shape the narratives in his favor.

 

[R0H1T]

Keep on with that whataboutism...


So you admit you have no counter-argument.

What counter argument? I said I expect everyone to come out of it in good shape, but also that it's hard given the shape EK is in atm. Your argument is just because Apple/Intel/Nvidia/AMD don't screw their employees "so much" they're better? What the heck are you even talking about? Do you know what they regularly do, aside from the recent layoffs?

High-Tech Employee Antitrust Litigation - Wikipedia

en.wikipedia.org

Just because you choose to keep your head in the sand doesn't mean everyone is blind. I can post probably two dozen similar or bigger lawsuits involving many of these companies!

You're talking a scale of 100~1000x times here, at least be "honest" when talking about big tech

'Intel Air' employee flight shuttle resumes regular operations to Oregon, other fab sites – Another sign that Intel is on the upswing?

Service was suspended a year ago, which was seen as a sign of a downturn.

www.tomshardware.com

 

[Hecate91]

While are you waiting you can tell me if for example Intel executives who are laying off tens of thousands people lowered their compensation somehow?

Have you missed the information that EK owner sold some property to be able to pay off some debts?

Have you missed the information that he apologised to his emplyees for a short delay in paying them wage?

Are you capable of understanding that a lot of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke?

I seriously doubt the intel executives took any cut in pay, even if they did over 15,000 people lost their jobs.
However for EK, they kept on launching new products and kept on paying their higher ups, it sounds like mismanagement and a greedy owner not caring about their employees.
An apology doesn't pay the bills, any financial issues is from the EK board being corrupt and badly managing the company, not from GN reporting on the issues.

They have a direct stake with user engagement, among others, it's like you totally forgot their mini beef with LTT or heck TPU? They're not a "neutral" observer or just the messenger.

Any tech channel can have influence on the viewing audience, but when GN does it its bad and screws over the consumer? I recall when LTT messed up, they started it and claimed of doing better videos than GN, even though LTT videos are often full of errors and are just entertainment with a bit of tech stuff thrown in, they're terrible if you want to learn anything or stay informed. And the LTT fiasco reminds me of how the LTT fans blamed GN, and it seems like some people can't seem to let that go.

 

[BoggledBeagle]

.... any financial issues is from the EK board being corrupt and badly managing the company, not from GN reporting on the issues.

Their current financial situating is a result OF BOTH.

If you think that such a sort of videos targeted at the community of consumers had no negative effect on EK revenue, you must be naïve. Keep in mind that other media attention and mob parties on a lot of other places (as internet fora) followed with subsequent effects on sales.

 

[Assimilator]

While are you waiting you can tell me if for example Intel executives who are laying off tens of thousands people lowered their compensation somehow?

Those people who were laid off were paid up until their redundancy. They were also paid severance. Layoffs are shit, but Intel has acted entirely within the laws and their responsibilities towards their employees.

EK has not.

Have you missed the information that EK owner sold some property to be able to pay off some debts?

Have you missed that he only did this after GN exposed his bullshit?

Have you missed the information that he apologised to his emplyees for a short delay in paying them wage?

Edvard wasn't ever in any danger of losing his home. His employees were.

Are you capable of understanding that a lot of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke?

Entirely false. EK's financial problems are wholly caused by the fact that (a) they expected the pandemic boom to continue forever, so they kept on ordering stock like it's the pandemic, which means they got stuck with mountains of unsold stock that immediately started depreciating in value (b) they increased their prices at the same time that competitors like Arctic were flooding the market with high-quality lower-priced AIOs, so stock movement was even slower (c) upper management was stripping capital from the company at the time it needed that capital to pay employees and suppliers.

EK's management caused its problems by bad planning. The right thing for them to do would've been to step back, reevaluate, and come up with a new and better plan to ensure the company didn't fail. A plan starting with curtailing unnecessary expenses, like the tens of thousands of dollars paid to dodgy "consulting" companies owned by the management.

EK's management did not do this. They instead continued to act as if everything was fine. And when it stopped being fine, because the company was running out of money, that management deliberately and knowingly ensured that they would get paid on time (via those "consulting" companies) and nobody else would. That's illegal, and disgusting, and attempting to justify it is disgusting.

Your argument is just because Apple/Intel/Nvidia/AMD don't screw their employees "so much" they're better?

That was your argument, actually. Do try to keep up.

 

[Caring1]

There are a few too many high horses in this thread.

Or people without the vision to think ahead and get a step to help themselves up.

 

[R0H1T]

That was your argument, actually. Do try to keep up.

Don't try to deflect, this was your take!

Please show me a time where Apple, NVIDIA, Intel, or AMD have failed to pay their employees and suppliers for months, while their executives continued to pay themselves tens of thousands of dollars so they could live the high life.

I never said anything what you're claiming ~ I said these companies are bad, for employees and consumers, but GN doesn't go after them! Gee I wonder why

Spoiler

If you can make a situation better it's your moral obligation to try & achieve that till the end, this goes for EK upper management as well. That's the "high road" I was talking about & forgiveness. Although tbf I'm unsure if GN tried it or not, however over the course of last few months they've certainly kept on adding massive fuel to the fire ~ now get back here when they do the next hit piece exposé on Nvidia

 

[Fokker]

The disconnect from reality happening in here is unreal.

 

[Assimilator]

I never said anything what you're claiming ~ I said these companies are bad, for employees and consumers, but GN doesn't go after them! Gee I wonder why

BECAUSE THEY HAVEN'T COMMITTED MASSIVE AND OBVIOUS FINANCIAL CRIMES you utter SPANNER.

 

[Panther_Seraphin]

Have you missed the information that EK owner sold some property to be able to pay off some debts?

Ah yes the property that was "sold" to the other "owner/co-conspiritor/causeofthedownfall" of the company Marko Mitrovic

The one person who is picking up 30k Euros a month, no problem, no questions asked........

Have you missed the information that he apologised to his emplyees for a short delay in paying them wage?

Are you capable of understanding that a lot of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke?

The times he failed to pay them BEFORE anything hit GN at all?
2019 he is in court due to failing to pay contractors
2023 he is having problems with suppliers due to not paying suppliers so samples/test pieces etc arent arriving on time
2024 he is failing to pay LOTS of people. Dave Alcock went on record, failed to pay for 2 months, then paid, failed to pay for two months again, then paid, and it kept repeating. This is happening in Jan/Feb etc
2024,April/May, Now telling employees in SLOVENIA they are missing payments to head office staff en mass.

20 April 2024, 1st GN video drops

The red flags/alarms/ship sinking was happening WELLL before the 1st GN video dropped.

40 former Employees are putting in lawsuits on top of the possible contractors and suppliers lawsuits

 

[DAPUNISHER]

BECAUSE THEY HAVEN'T COMMITTED MASSIVE AND OBVIOUS FINANCIAL CRIMES you utter SPANNER.

That's a mic drop moment right there. It won't do any good though. Logic and reason are of no avail versus enlarged amygdalas.

 

[kapone32]

Doesn't matter really. Alphacool have been eating their lunch for years. Corsair being viable and less expensive (imagine that) was another nail but EK dug the grave GN is just helping them lower the casket. Everything negative about this has been caused by decisions by the leadership. They did make great products and were a pillar of the WC movement but Massey Fergurson used to be one of the largest Companies in Canada too.

 

[lexluthermiester]

So to sum up;
EKWB is done, it's execs are going to jail if not prison and some people are in complete denial about it.

 

[ty_ger]

Or nothing will happen.

 

[lexluthermiester]

Or nothing will happen.

That's not happening now. EK is being persued by the State of Texas, they are being investigated by a number of various government agencies, both in North America and in the EU, and their accounts have been frozen in several places. For nothing to happen at all next would be crazy and very unlikely.

 

[BearBag]

So to sum up;
EKWB is done, it's execs are going to jail if not prison and some people are in complete denial about it.

EKBW is probably done. But nobody is (probably or better - almost certainly) going to prison.

Slovenian business practices and law is not the same as in US as Slovenia is an (ex)socialist state. The state knows they are not paying the wages and is (most of the time) OK about is. And they are not the only company doing this. Some companies in Slovenia are paying the wages and income tax, but not social security taxes and pension taxes. And the state knows this and is (most of the times) OK about it. Though for the people when they are old and they get minimal pensions. But that is not the problem (for people), because the non-lower classes mostly work in public sector, which do not suffer form that problem. And lower classes do not have a voice in the media, internet.

A subsidiary company in Bosnia and Hercegovina is usually opened for tax evasion. And paying Marko Mitrovic, a CEO of a subsidiary, through s.p. is (probably) a tax evasion. He may pay a fine, but there will be no prison time.

 

[BoggledBeagle]

The times he failed to pay them BEFORE anything hit GN at all?
...

I never tried to excuse any of their mistakes, I said their mistakes alone could be a reason for them going under, but how I wrote, a lot (meaning a significant part) of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke.

Beside that his videos might have benefited A FEW creditors, he significantly damaged the rest of them and is now an important causal agent of the current problems.

 

[A Computer Guy]

... but how I wrote, a lot (meaning a significant part) of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke.

You emphasize the word current while conveniently ignored the past. Unless I missed something EK stopped paying their debts properly long before S. Burke was on the scene to report it. EK was already caught up in an landslide of their own making before S. Burke picked up that story. Regardless of how you feel about S. Burke, his reporting, EK, or EK products, clearly EK management f***ed up big time. It was their responsibility, it's their fault, the buck literally stopped with EK management - end of story. Shifting the blame to S. Burke as a catalyst of EK's demise is grossly untruthful and unfair delusion. Maybe some people stopped buying EK's products after the story broke adding some acceleration to revenue issues but I don't see you blaming the consumer?

In summary like Linus's elaborate water cooled home server rack unseen and unmitigated electrolysis and corrosion made a recipe for disaster and mess of everything.

 

[maxfly]

I never tried to excuse any of their mistakes, I said their mistakes alone could be a reason for them going under, but how I wrote, a lot (meaning a significant part) of their current financial problems are a direct consequence of decreased revenue, which is a direct consequence of attacks from S. Burke.

Beside that his videos might have benefited A FEW creditors, he significantly damaged the rest of them and is now an important causal agent of the current problems.

It doesn't matter how many times you repeat it or how many different ways you say it. You were wrong the first time you said it and you're still wrong today. Once again, EK...is...not...the...victim...here.
They created this situation all...by...themselves. With absolutely no help from anyone else.

Once word got out, not even their most diehard fans would be foolish enough to purchase any of their products again. If not simply for the lack of follow through from the company going forward, then for the disgusting moral bankruptcy they have shown. Actions always speak louder than words and in this case, EKs actions have spoken volumes. They didn't need any help in annihilating their sales. Despite your repeated, desperate attempts at deflecting blame, that damage has been done.

In simple terms. Trying to use the person that made the public aware of their many vile choices as the fall guy is nothing more than you falsifying the facts for your own strange, misguided narrative.

Why this became such an important personal crusade for you is really the only question left to be answered?