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>What did he fail at specifically? At running the god damn company. Honestly, are we going insane here? He took tens of billions of dollars and created a compa
by SilverBirch 4y ago
>What did he fail at specifically?
At running the god damn company. Honestly, are we going insane here? He took tens of billions of dollars and created a company that was worth maybe $5Bn. Yes! It grew incredibly quickly, it's amazing how many customers you can acquire and deals you can sign when you're overpaying for leases and renting out space at a loss. He created a terrible business that was burning through cash, desperately hoped he could dump it on unsuspecting pension funds and when he couldn't the whole thing blew up in his face. But not before lining his own pockets every step of the way. Even, once the company was going bankrupt, he insisted on a generous payout to walk away from the company he mismanaged into failure. He wasn't rewarded for success, he was paid out because he had controlling shares, and once again, he had those shares because he was running the business more as a scam than an ongoing concern.