4 ms·
Yesterday I jaywalked across a street. Most people wouldn't put me in the same group as Charles Manson. Grouping drastically difference offenses in the same bu
by harryh 9y ago
Yesterday I jaywalked across a street. Most people wouldn't put me in the same group as Charles Manson.
Grouping drastically difference offenses in the same bucket obscures reality instead of making it more clear.
- jacquesm 9y agoNo, and 'most people' would not put Zenefits into the same bracket as a company that filed a VAT statement two days late either. Zenefits is closer to Theranos on that scale (and closer to Uber and a couple of other entities that seem to enjoy breaking the law and letting others pick up the fall-out). The fact that Zenefits survived as a company is remarkable, but it makes their intentional deceit and fraud no less.
- rdl 9y agoI don't think the bad things Zenefits did were essential to their success. Those exams just aren't that hard; it would have cost them thousands of dollars per person (in time/wages) to run people through them the correct way.
- jacquesm 9y agoThe fact that they were both stupid and breaking the law doesn't make it better in my book.
- deleted 9y ago[deleted]
- harryh 9y agoTheranos conducted medically invalid blood tests and sent the results of those test to patients. Zenefits sidestepped some occupational licensing rules that only exist to protect the market of incumbents.
- jacquesm 9y agoCorrect. Which is why there are substantially different levels of punishment meted out. And I'd be happy if they were harsher in both cases.
- gamblor956 9y agoWell, no. Theranos made fraudulent misrepresentations about their technology, which was used as the basis for medical treatment for at least some patients. Zenefits made fraudulent representations about the training of their sales representatives, many of who know diddly squat about what plans they were actually selling to companies, and Zenefits' incompetence in actually transcribing data across incompatible systems. This resulted in numerous employees being denied timely access/use of their benefits, including health insurance. Zenefits absolutely belongs in the same category as Theranos and both companies should thank their lucky stars that their executives aren't in prison cells right now.