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SoftBank employs over 80,000 people. SoftBank’s investments don’t seem to rise to the level of corporate corruption where it seems reasonable to put the employe
by jdavis703 5y ago
SoftBank employs over 80,000 people. SoftBank’s investments don’t seem to rise to the level of corporate corruption where it seems reasonable to put the employees on the street.
- hintymad 5y agoFair point. My grudge is toward Masayoshi Son. Edited accordingly.
- wussboy 5y agoHow many employees does a corporation need before it can act unethically?
- mastax 5y agoNew unit: Enrons. 1 Enron is 29000 employees. As companies approach the 1 Enron mark their probability of corporate death penalty declines following a logistic curve.
- ethbr0 5y agoBut at some point (likely when interest rates shift up and/or the market crashes and/or lending tightens), those 80,000 people are going to be out of a job when the whole thing implodes. And at that point, it's a solid argument that they all would have been better off if SoftBank's capital had instead been previously allocated to non-zombie / financial-engineering businesses.
- malcolmgreaves 5y agoThe employees don't need to suffer. I can imagine a better world where the executives can be jailed and have their controlling shares stripped and given to new leaders. Maybe even the employees themselves.