Internet commenters don't fare much better. Any dividend at all is the outrage hook. If you don't get that it's you that is missing something, even if you don't agree.
That's not the point.
Also, this mythology of the corporation as a shareholder profit maximizer is just dead 70s orthodoxy. It isn't the case in most other developed economies and you and Marty Lipton and can keep Delaware.
I understand you were just calling out the porn in front of you... "you know it when you see it" style. But you also phrased it in a diminutive way towards the person you were responding to. What you failed to catch is that I am using the royal you in my comment. I'm not calling you out specifically, I'm telling the reader that if you actually buy into the porn, then you lack sophistication.
Investors expect that a stock would return it's value in dividents or the company will have a very likely positive future outlook, intel doesn't have the second (lots of debt, lots of capital required to stay compatitive and high interest rate).
letting go of employees for intel is only logical and they should keep doing it until they start seeing positive returns to their new investments.
But tech companies came and changed everything by selling BS visions and pumping their stock high…who needs dividends when I can lose money and still increase my stock price by selling the latest fad to investors, e.g., Uber.
Personally, I think we should revert to the previous system.
Long Intel but as Dylan (and many others) noted they should have stopped the dividend a year ago.