• Welcome to Religious Forums, a friendly forum to discuss all religions in a friendly surrounding.

    Your voice is missing! You will need to register to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Our modern chat room. No add-ons or extensions required, just login and start chatting!
    • Access to private conversations with other members.

    We hope to see you as a part of our community soon!

$1.7 billion payout to a failure - it's nice to be part of the ruling class

sun rise

sun rise

The world is on fire
Premium Member
Here we have a co-founder of a company that tanked. His reward, $1.7 billion, for being a failure. It must be nice to be part of the ruling class where even failure is rewarded handsomely. Of course, $1.7 billion is a bit exceptional as a reward for failure, but it illustrates how the power of the upper class and gigantic corporations distorts what could and should be laughingly called the "plutocratic enterprise system"

WeWork rescue 'hands co-founder Adam Neumann $1.7bn payout'
 
HonestJoe

HonestJoe

Well-Known Member
That seems like a slightly dishonest spin. This isn’t a big wage pay out or golden handshake but a result of him selling his shares and he can only make money from that because the people buying them believe the company still has that much value. The company seems to be having problems at the moment but it seems to be some way from actually failing and the new owners must believe they can build it back up or they wouldn’t have invested so much in to it in the first place.
 
Howard Is

Howard Is

Lucky Mud
HonestJoe said:
That seems like a slightly dishonest spin. This isn’t a big wage pay out or golden handshake but a result of him selling his shares and he can only make money from that because the people buying them believe the company still has that much value. The company seems to be having problems at the moment but it seems to be some way from actually failing and the new owners must believe they can build it back up or they wouldn’t have invested so much in to it in the first place.
Click to expand...

So he was cashed up enough to spend a lazy billion or so when he was hired ?

Anyway, the Japanese are happy with his work.
 
HonestJoe

HonestJoe

Well-Known Member
Howard Is said:
So he was cashed up enough to spend a lazy billion or so when he was hired ?
Click to expand...
I've no idea what you mean. He was a co-founder so was never hired and presumably owned the shares because he would have once part-owned the entire company. Seriously, just read the article rather than the OP spin, it seems to be a relatively straight-forwards situation.
 
You must log in or register to reply here.
Top