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A CEO shopping a private startup has every incentive to lie to his employees in that scenario and little reason not to. On the other hand, Apple and Amazon hav
by berberous 8y ago
A CEO shopping a private startup has every incentive to lie to his employees in that scenario and little reason not to.
On the other hand, Apple and Amazon have huge reasons not to blatantly lie about this. The plaintiffs bar would be all over both companies for material false and misleading statements if this turned out to be true (see also Elon's recent experiences with the SEC).
Apple and Amazon are certainly incentivized to not admit bad facts, to spin facts, to issue misleading unclear statements that read as a denial but are not, etc. But I really don't think the legal teams at either company would let executives get away with issuing such full-throated and clear denials if they were untrue.
- whydoineedthis 8y agoyeeaaah...on the other hand, they could be pulling a hat trick from the FCC playbook. "I had no idea it was legitimate users leaving feedback and the guy I trusted to inform me no longer works here. I was told everything was fine!" Plausible deniability goes a long way when you have enough money/political support or are "too big to fail". It happens. Often.