That just simply isn’t true.

There’s a reason they’re called Golden Parachutes. The CEO’s get a soft landing while their companies crash and burn. Rewarding failure is more common than you want to admit.

Failure is not rewarded outside of batshit crazy exceptions. Companies fail and fortunes are lost with great frequency.

1. Mismanagement does happen, but rarely does mismanagement by itself drive a company into insolvency. And it’s even rarer for the person at the top who mismanaged a company into insolvency get to ride off into the sunset with a platinum parachute.

This is mismanagement built in a poor idea at nearly all levels starting from the top.

Let me point you to the Vanity Fair article about WeWork so you can tell me how a company that in the words of one exec, “made the Trump Administration look like a well oiled machine,” is in any position to make back what was invested into it.

Virtually nothing on planet earth is a meritocracy. But if you make a bunch of money, part of the reward is being able to give it to your dipshit kids.

“I hereby place this corpse under arrest for suicide.”

Very few modern growth companies funded by venture capital turn a profit in the early years. The model is explosive growth, and then stabilization. Not unlike buying a home. You start off in enormous debt, and gradually pay it off.

You clearly don’t know me; yes, I understand that there are startup costs. Question is, at what point does it cease to be a “startup”? Six months? Two years? Amazon BLED money for seven years....

Uncompetitive???? We Work has almost 900 locations, which is competitive as hell.

Failure to be competitive is HUGE detriment.

A, who says I buy from Amazon? Honestly, I’ve had customers give me Amazon gift cards for Christmas, that I’ve regifted to other people instead.

Why are you so desperate for people who take risks and start / invest in business to get fucked as hard as possible?

They chose to make an investment, knowing full well the terms of the deal. It went south. A bunch of rich people, who remain rich, lost some money.

So what? They tried something and failed, and didn’t go down with the ship? Being able to survive a failure rather than being permanently ruined is good for business. Trying should be worth the risk of failing.

Softbank and the other investors who are losing hundreds of millions of dollars are being rewarded for their failures?

Why? That’s the deal he made and others accepted.

What specifically do you disagree with?

Yes.