4 ms·
>Has any other modern era capitalist alienated as much value (arguably $20b+) purely on a whim? He alienated the customers, the value he immolated. Anyway, th
by vba616 4y ago
>Has any other modern era capitalist alienated as much value (arguably $20b+) purely on a whim?
He alienated the customers, the value he immolated.
Anyway, the Financial Times says: "Won’t somebody please think of Masayoshi Son?" (direct quote!)
Currently, it's arguable that Musk has taken the lead in wealth destruction, however, there seems to be speculation in the media that Masayoshi Son is leveraged to where his remaining wealth could vaporize overnight.
"...SoftBank is extending credit to its CEO to invest in a fund it manages. The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth..."
https://www.ft.com/content/951f7a93-92e1-4d74-bdf0-9c461b98e4a2 https://www.ft.com/content/951f7a93-92e1-4d74-bdf0-9c461b98e...
- ggm 4y agoThe only bit I know about softbank is its acquisition of one of the last /8 delegations to a single entity in the immediate pre rundown days of IPv4. It was an exceptionally asute move in terms of asset value. Good point about immolation/alienation. If he'd burnt the cash it would have been a reprise of the KLF performance art piece but this time, for full orchestra.