Sketchy financials send Supermicro auditors running for the hills Supermicro shares took a nose dive on Wednesday, sliding more than 30 percent after the accounting firm hired to review its reporting practices resigned after determining they were just a bit too sketchy to warrant the risk. "We are resigning due to information that has recently come to our attention which has led us to no …
This post has been deleted by its author
"Is this what happens when you can't decide whether El Reg is british and you should use gaol or to consider it an american site and use jail instead?”
To be fair, I very much doubt very many British people spell it ‘gaol’ (pronounced, well, ‘jail’) anymore, or would know what it meant if they saw it written down.
Sad. Supermicro used to stand for "beyond rock solid", which is why so many server farms have or had their kit.
I built a dual Xeon, ages ago, paid the mark up, and it remains the most solid system I ever had. Even with Windows, it just would not crash. Not one BSOD! Though that was WinNT4 converted to desktop mode, back when you could still do that. Later I ran Solaris on it. It lacked some of the features other mobos offered at the time, but it just worked.
Sic transit gloria mundi!
Here we go again. Firms breaking the law and settling with a corrupt judiciary without admitting guilt.
Maybe, just maybe, if the directors had been properly prosecuted back then, and replaced (one way or another), the firm wouldn't be in the mess it's currently in.
Just how badly do company directors in the USA have to break the law before actually being charged and hauled up into court?
I wish I could find that article I read some time ago. It was an excellent piece of analysis that showed how the rise of populism and neo-fascism together with the retreat of democracy in "The West" can be traced to the failure of prosecution and actions by politicians and courts in the wake of the GFC.
The Masters of the Universe wiped out existences, ruined firms, even countries and didn't even get a slap on the wrist. Because the governments (who are the legislative branch who thereby guide the judiciary) utterly failed.
As others have commented, because it's the average voter who got fucked over, not others of the moneyed class (which is where EH and SBF made their mistake). So, it's payback time, whether it's self-defeating or not.
It only accelerated after the GFC
This has been going on since before WW2. American fascists didn't disappear during/after WW2, they simply changed for Dixie flags and/or rebadged as anticommunists whilst carrying on
The neofascists started getting the upper hand in March 1980 (banning of the USA air traffic controllers union) and there's been an explicit tieup going between corporates/evangelists since December 1940 with the stated intent of destroying the New Deal (See: How Corporate American created Christian America)
https://www.pbs.org/pov/films/nightatthegarden/ - should be familiar to those who've been watching the latest Trump campaign presenttations
you screw
"Sam Bankman Fried (FTX) [how many] or Elizabeth Holmes (Theranos) [who]"
So if you don't want to end up in the clink just screw a lot of, (but not a politically significant number of), nobodies.
Definitely don't steal a nickel from american oligarchs who like dragons generally know their hoard to the least bauble.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2025
