Live data from Hacker News

Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

bloomberg.com

161–170 of 294 posts

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#161

Earlier quoted context omitted.

There's no evidence that the unethical behavior was necessary or even helped. > powerfully entrenched politicians (DeBlasio of NYC as an example) DeBlasio is entrenched because he was elected by a majority of his constituents. The people get to write the rules, called laws. Who voted for Kalanick? What gave him the right?

I can understand people arguing for the rule of law. Yes, we have laws, and they should be followed. Breaking them carries the risk of punishment. What I can't understand is the moral grandstanding, e.g. "What gave him the right?" Are taxicab medallions worth it? I never take it seriously when someone starts talking like this about the marriage between taxis and local governments, like it was some holy industry that…

> Are taxicab medallions worth it?

I'm in favor of the rule of law. If I was in favor of the rule of law when it did good things and not when it did bad things (and I ready admit that the medallion system is one of the bad things), and wanted outside companies with private capital to ignore the rule of law to fix the bad things... I wouldn't be in favor of the rule of law at all.

The ultimate question is who we choose to decide whether things are good or bad. If you support the rule of law in a democracy, you have the democratic process. If you support companies outspending and outmaneuvering local governments, you're entrusting capital with making these decisions, and they probably won't reflect the will of the people. It is, to be clear, an entirely legitimate political perspective to believe that we'll get a better society by letting the holder of the most capital make decisions instead of letting the people each have one vote. But that's a very strong claim that should be made clearly, and those who believe in democracy even when democracy happens to produce occasional bad outcomes are not particularly grandstanding, just believing in democracy.

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#162

Earlier quoted context omitted.

There's no evidence that the unethical behavior was necessary or even helped. > powerfully entrenched politicians (DeBlasio of NYC as an example) DeBlasio is entrenched because he was elected by a majority of his constituents. The people get to write the rules, called laws. Who voted for Kalanick? What gave him the right?

>Who voted for Kalanick? What gave him the right? You could say people voted with their wallets.

> You could say people voted with their wallets.

Problem is some wallets are empty and some are full, whereas in a democracy every vote has the same weight.

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#164
post #156

Happy for him. I can only imagine how much being ousted from a company he created and raised to its current level must have hurt. I do not look fondly at what a pain local transport was in cities without public transport (and even those with), and it is Travis (yes, Travis first, Uber second) that led this paradigm shift. We can debate about Uber's business practices until the cows come home, but this is undeniable.…

You imply that being ousted from the company he created is not a direct consequence of his actions. You imply that unethical behavior was helpful to Uber defeat awful local transport lobbies in some cities and improve transportation for the people. I strongly disagree with both assumptions. I believe he was ousted for legitimate reasons that he is 100% individually responsible for and I believe that unethical behavio…

I don't see that the GP implied his ousting wasn't a direct consequence of his actions.

Anyway, it's not hard to imagine that Travis, despite being aware of how his actions resulted in consequences, may feel hurt, and maybe even remorseful.

It would be a mistake to believe that people who act poorly all lack empathy.

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#165
post #158

Happy for him. I can only imagine how much being ousted from a company he created and raised to its current level must have hurt. I do not look fondly at what a pain local transport was in cities without public transport (and even those with), and it is Travis (yes, Travis first, Uber second) that led this paradigm shift. We can debate about Uber's business practices until the cows come home, but this is undeniable.…

> I can only imagine how much being ousted from a company he created and raised to its current level must have hurt. The market doesn't care about the feelings of executives. He was a net liability for Uber by the end, and if he couldn't mamage to keep himself valued by the market, that's on him.

That knowledge does nothing to alleviate the potential hurt he may feel.

Knowing you messed up doesn't necessarily make it any less painful.

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#167
post #89

Good for him. This is probably an unpopular opinion here, but I feel bad for this guy. Could have built a really great empire, and he probably would have if it was ten years ago. But things are changing so fast nowadays and the masses have a lot of power (maybe too much than they deserve) and Uber unfortunately was at the wrong place at the wrong time. When I talk to real people in the real world (not Twitter trolls…

> He deserves every cent of his billions of dollars. He deserves the money he made by making a company that was competitive by knowingly skirting laws? That seems like a bad precedent to set.

Don't forget that the company isn't profitable yet.

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#169

Good for him. This is probably an unpopular opinion here, but I feel bad for this guy. Could have built a really great empire, and he probably would have if it was ten years ago. But things are changing so fast nowadays and the masses have a lot of power (maybe too much than they deserve) and Uber unfortunately was at the wrong place at the wrong time. When I talk to real people in the real world (not Twitter trolls…

How does he deserves every cent of 1.4 billion dollars? He didn't do $1.4 billion worth of labour. His drivers, carmakers, road builders, telecom providers, smartphone makers and software engineers did $1.4 billion worth of labour. Kalanick found himself in a position where he could extract $1.4 billion worth of rent. He's just one fucking guy. It took a solid chunk of western civilization to make Uber possible. It w…

We can apply this logic to (almost?) any extremely wealthy person.

Does Musk deserve his coin? What about Gates? The Koch brothers? Mostly other people have done the work for them.

Re: Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% of Stake

#170
post #156

Earlier quoted context omitted.

You imply that being ousted from the company he created is not a direct consequence of his actions. You imply that unethical behavior was helpful to Uber defeat awful local transport lobbies in some cities and improve transportation for the people. I strongly disagree with both assumptions. I believe he was ousted for legitimate reasons that he is 100% individually responsible for and I believe that unethical behavio…

I don't see that the GP implied his ousting wasn't a direct consequence of his actions. Anyway, it's not hard to imagine that Travis, despite being aware of how his actions resulted in consequences, may feel hurt, and maybe even remorseful. It would be a mistake to believe that people who act poorly all lack empathy.

Yeah, actually you are right. GP did not implied it and my disagreement on this point is wrongly stated.

It would be more properly stated that I do not personally feel bad for Travis being ousted (because is, IMO, a deserved consequence of his acts). And in this case it is not actually a disagreement, just a difference of our reactions.

Post reply on HN