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The overarching point is that the way market capitalism is structured today increasingly incentivizes these kinds of decisions. That is not to say that Softban
by rchaud 3y ago
The overarching point is that the way market capitalism is structured today increasingly incentivizes these kinds of decisions.
That is not to say that Softbank completely dropped the ball on monitoring and oversight. Under no circumstances should Neumann have been allowed to self-deal by purchasing buildings with WeWork share collateral and leasing them back to the company.