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>It's their right to be stupid. As long as the do it on their and their non public investor's dime. Perhaps, but from the outside it looks like at some point A
by katmannthree 7y ago
>It's their right to be stupid. As long as the do it on their and their non public investor's dime.
Perhaps, but from the outside it looks like at some point Adam decided that instead of running a real company he was going to pump and dump We and run off with as much cash as he and his wife could carry.
SoftBank's action here, while possibly a good strategic choice for them at this point, looks from the outside to be rewarding antisocial behavior with more money than the vast majority of us will ever earn in our lifetimes. People aren't saying that SoftBank can't do it, they're just saying that it's very unpleasant to watch.
- anm89 7y agoCool, so let them litigate if they so choose. A court can decide if the pump and dump broke securities laws and penalize accordingly. It still doesn't matter for any of the people acting personally offended. It's absolute within softbank's right to act "antisocially" as long as no specific laws were broken. What, should we take them to thought crime court for improper antisocial thought?
- katmannthree 7y ago>It's absolute within softbank's right to act "antisocially" as long as no specific laws were broken. I'm not disagreeing with that. Just as it is likely his right to act in a manner many find to be antisocial, it is my and everyone else's right to be disgusted by Adam Neumann and to shame him online in whatever (legal) fashion I feel like. >It still doesn't matter for any of the people acting personally offended. Since you seem to prefer concrete takes on things, consider that I'm not judging Adam on some abstract moral basis. His actions on a broad scale represent a set of behaviors that are at odds with a healthy society. He has harmed softbank, but he has also harmed the employees at We. There are people who left stable jobs to work for him who are now out of work, and many more who will soon join them.
- anm89 7y agoYeah I think that's very fair. He has undoubtedly screwed a lot of people over here. On the other hand many of them were just as greedy as Adam was with the key exception that they did not position themselves in a winning matter. You could debate this but I would argue most of them understood that this was the game they were playing.
- katmannthree 7y agoAbsolutely, as far as people in his cohort go I don't think he's necessarily any more unethical or selfish than the mean. In fact, given that SoftBank's Vision Fund is backed by a nation with some fairly severe human rights issues, one could even argue that from a utilitarian standpoint he has done good. My issue with him is from my belief that a society filled with people who act like he has is destined to far less long term success than one where people are less self-serving.