No $$ for R&D but shares the prosperity with employees - Engineer Broadcom Employee Review

Hock Tan does not believe in funding R&D projects for pursing new markets. His approach is to purchase companies that have significant market share and profit then cut most the staff and sustain the current product until it no longer makes enough of a profit to warrant keeping it. All hands meetings changed from topics like new products and road maps to topics like gross margin and whether your business group was above or below the line of doom of profitability. If your below the 50% margin line, good luck. Way to few doing way to much work. No IT and cut tool expenses to the bone.