SEC fines Zenefits and former CEO for misleading investors • Hacker News Board

Re: SEC fines Zenefits and former CEO for misleading investors

#71

Post by joshmn » Sat, Oct 28, 2017, 9:46 PM UTC

PakG1 wrote: post #59

joshmn wrote: post #58

Earlier quoted context omitted.

There's a ton of dirt on Stripe. Info in my comment history, I won't dig it up.

I was curious, so I searched a bit. No mention of stripe at all within the past 372 days of your comments. Mind sharing now that you've piqued my interest?

They don't care to do any sort of diligence about who opens an account. Someone, like a fraudster, can use a demo template for Woocommerce, apply and be accepted, only to clean out other people's cards en masse and zero intent to operate as a legitimate business.

Re: SEC fines Zenefits and former CEO for misleading investors

#72

Post by joshmn » Sat, Oct 28, 2017, 9:49 PM UTC

bspn wrote: post #67

PakG1 wrote: post #59

Earlier quoted context omitted.

I was curious, so I searched a bit. No mention of stripe at all within the past 372 days of your comments. Mind sharing now that you've piqued my interest?

It appears he had a bad experience with them: https://news.ycombinator.com/item?id=11833815 and is writing a book about it: https://news.ycombinator.com/item?id=12749364

I didn't have a bad experience with them. I clean up their mess on the regular. It's a steady source of income for me — you know, people who rely solely on their payment processor to protect them from fraud.

Re: SEC fines Zenefits and former CEO for misleading investors

#73

Post by skinnymuch » Sun, Oct 29, 2017, 1:36 PM UTC

austenallred wrote: post #70

skinnymuch wrote: post #63

Earlier quoted context omitted.

Hah I wrote a much longer comment that essentially winded up being just this. Following all the rules is way too restrictive. Everyone speeds or breaks some traffic law at some point. Def need some criteria.

That’s the point of PG’s statement...

I know? I wasn't denying that.

Re: SEC fines Zenefits and former CEO for misleading investors

#74

Post by spaceseaman » Tue, Oct 31, 2017, 5:53 AM UTC

20171026 wrote: post #49

spaceseaman wrote: post #47

Earlier quoted context omitted.

Sorry but we live in a country that has rules and regulations for what CEOs and leaders do - regardless of how "cutthroat" they are. Their ambitions do not forgive their transgressions, and we have no obligation to accept that as "life". I do not see such behavior to be the essence of life, and I find it concerning you're so willing to accept it as the natural order.

We as a civilization are two missed meals away from chaos. When that happens, there will be those who eat and those who starve. Laws are just there to compress the variance of outcomes. Where as in the past you would've starved, today you just struggle to get by.

There is a long storied past of humans banding together. The "kill or be killed" narrative is just a narrative.

Any examination of sociology, anthropology, and history shows a rich, long history of humans helping each other through peril, banding together in the toughest of times, and cooperating. It is by far our most recognizable trait as a species, and it appears in isolation whenever humans are together. I do not buy that there is some primitive animal culture that we will revert to if the Internet went down. There are humans who have never experienced "civilization", and they do not live in chaos and evil so I don't buy your argument at all.