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I'm surprised more business leaders don't run off with the company's money as soon as it takes off. This is basically how business worked during the "privatisat
by legerdemain 5y ago
I'm surprised more business leaders don't run off with the company's money as soon as it takes off. This is basically how business worked during the "privatisation" phase in my post-Communist country: businesses getting set up to provide goods and services, only to collapse within months when the leadership runs away to Central America. After all, it's only rational if you can do it with impunity, and I doubt more money after the first $50-80 million really makes much difference. I'm honestly surprised this isn't the story of private enterprise everywhere. Growing up, basically all we dreamed of was to make a lot of money on some hustle and then run off to Rio de Janeiro to a life of luxury. Isn't this basically FIRE, which so many users here dream of?
- FredPret 5y agoBecause if one keeps it going, one lives with pride, knowing something useful was created. In the other scenario, one has to live life looking over one’s shoulder, knowing deep down that one is a lying, cheating sack of shit.
- deleted 5y ago[deleted]
- JCharante 5y agoNot being able to travel without being extradited seems like a pretty big downside of embezzleFIRE
- legerdemain 5y agoI see. I guess my home country doesn't have a lot of diplomatic ties to the havens that our business elite escape to, because we ain't extradite jack-diddly-squat.
- paulddraper 5y agoFrom the movies, you'd think the world is full of people willing to kill for $2m. And maybe there are but none of them are business execs. 'Cause, yeah, seems super easy.
- jdsully 5y agoIf your company is "taking off" its much more valuable as a going concern - unless its just a fraud.