3 ms·

Great design sense and a knack for sales won't save you (if your best friend is a penny-stock tout)

7 points by byrneseyeview 19y ago

rms 19y ago
I always like the NYMag articles about business/criminal business. This is my favorite one. http://nymag.com/news/features/16653/ http://nymag.com/news/features/16653/
- brett 19y ago
  That was really good.
  - rms 19y ago
    If you liked that, this is the only other "intellectual" type article about upper class drug use/abuse I've seen. http://www.westword.com/2003-09-04/news/72-hour-party-people/full http://www.westword.com/2003-09-04/news/72-hour-party-people...
chaostheory 19y ago
even if things go badly for Madden I wouldn't be surprised if he can pull off a James Cash Penney (founder of JC Penneys). I think Penney lost most of his money at around the same age as Madden and somehow he managed to earn it all back and then some...
- gwenhwyfaer 19y ago
  > even if things go badly for Madden They kind of did...
  - chaostheory 19y ago
    ok i meant rock bottom
Tichy 19y ago
I don't get those stories that span > 5 pages. Who has the time to read that stuff? They should at least provide a short summary somehow.
- rms 19y ago
  I don't get those novels that span > 200 pages. Who has the time to read that stuff?
  - Tichy 19y ago
    I actually read a lot, but those newspaper stories annoy me, because the blow up a short message into so many lines. Why don't they just tell you on page one what his friends did to screw him over? Instead they describe the blue sky and the birds chirping and what the guy had for lunch.
    - gscott 19y ago
      The more words the story is the more the author gets paid or it had to be a certain number of words in the first place I suppose. I liked the story, it seems this guy would have been successful and not in trouble if he had stayed away from promoting and manipulating penny stocks. It is the basic story 1. He made something himself with almost no money 2. He borrowed enough to make some to sell 3. He sold them himself 4. People liked his product 5. He went on to expand and make more shoe products. 6. His company became large and successful Only the bad part 7. His past actions came back to screw up his present success.
      - Tichy 19y ago
        I was actually interested in the story, too, that is why it annoyed me that they made it so hard to read. So what where his past actions? Is he really innocent? If so, how come he might still be sent to jail?
        rms 19y ago
brett 19y ago
The "battle between Al Gore and George W. Bush"? How old is this? Where the hell are the dates on these articles?
- gwenhwyfaer 19y ago
  At least six years old - as it happens, he was convicted, and sentenced to almost 4 years in jail: http://en.wikipedia.org/wiki/Steve_Madden http://en.wikipedia.org/wiki/Steve_Madden
  - brett 19y ago
    And he managed to continue getting paid in jail: http://www.slate.com/?id=2064214 http://www.slate.com/?id=2064214

7 points by byrneseyeview 19y ago

rms 19y ago

I always like the NYMag articles about business/criminal business. This is my favorite one. http://nymag.com/news/features/16653/ http://nymag.com/news/features/16653/

brett 19y ago
That was really good.
- rms 19y ago
  If you liked that, this is the only other "intellectual" type article about upper class drug use/abuse I've seen. http://www.westword.com/2003-09-04/news/72-hour-party-people/full http://www.westword.com/2003-09-04/news/72-hour-party-people...

chaostheory 19y ago

even if things go badly for Madden I wouldn't be surprised if he can pull off a James Cash Penney (founder of JC Penneys). I think Penney lost most of his money at around the same age as Madden and somehow he managed to earn it all back and then some...

gwenhwyfaer 19y ago
> even if things go badly for Madden They kind of did...
- chaostheory 19y ago
  ok i meant rock bottom

Tichy 19y ago

I don't get those stories that span > 5 pages. Who has the time to read that stuff? They should at least provide a short summary somehow.

rms 19y ago
I don't get those novels that span > 200 pages. Who has the time to read that stuff?
- Tichy 19y ago
  I actually read a lot, but those newspaper stories annoy me, because the blow up a short message into so many lines. Why don't they just tell you on page one what his friends did to screw him over? Instead they describe the blue sky and the birds chirping and what the guy had for lunch.
  - gscott 19y ago
    The more words the story is the more the author gets paid or it had to be a certain number of words in the first place I suppose. I liked the story, it seems this guy would have been successful and not in trouble if he had stayed away from promoting and manipulating penny stocks. It is the basic story 1. He made something himself with almost no money 2. He borrowed enough to make some to sell 3. He sold them himself 4. People liked his product 5. He went on to expand and make more shoe products. 6. His company became large and successful Only the bad part 7. His past actions came back to screw up his present success.
    - Tichy 19y ago
      I was actually interested in the story, too, that is why it annoyed me that they made it so hard to read. So what where his past actions? Is he really innocent? If so, how come he might still be sent to jail?
      - rms 19y ago

brett 19y ago

The "battle between Al Gore and George W. Bush"? How old is this? Where the hell are the dates on these articles?

gwenhwyfaer 19y ago
At least six years old - as it happens, he was convicted, and sentenced to almost 4 years in jail: http://en.wikipedia.org/wiki/Steve_Madden http://en.wikipedia.org/wiki/Steve_Madden
- brett 19y ago
  And he managed to continue getting paid in jail: http://www.slate.com/?id=2064214 http://www.slate.com/?id=2064214