Jack Ma to Retire from Alibaba

Post by maxerickson » Sat, Sep 08, 2018, 1:34 AM UTC

lovich wrote: post #19

maxerickson wrote: post #10

Earlier quoted context omitted.

The gap is increasing but the poor are overwhelmingly getting richer, not poorer. I'm talking about in real terms, standard of living has gone up across the world for decades, even as the population has grown.

It's gone up in the developing world. It hasn't gone up in the US. Infrastructure that the common man relied on is crumbling or is just gone, ie Flint water, and the rich are just importing everything they need to themselves

Post by analognoise » Sat, Sep 08, 2018, 1:46 AM UTC

opportune wrote: post #12

comboy wrote: post #4

Earlier quoted context omitted.

Just to be super clear, I don't think that the increasing gap is a good thing. I was just commenting on the fact that surprisingly many super rich people decide to go into philanthropy instead of letting their wealth dissolve within their families. Buffet had a nice, pretty old article about why leaving huge loads of money to your children is a bad idea but I can't find it at the moment.

Philanthropy is in many cases personal PR for the rich, or just something easy to do rather than work or do nothing. I’m sure Buffett and Gates are doing it for other reasons. But generic_billionaire donating paltry amounts of money is just buying goodwill from the public, other rich people, the local community, politicians, etc. A rich person donating 1% of their wealth each year may be donating a lot in absolute te…

Post by icelancer » Sat, Sep 08, 2018, 1:59 AM UTC

analognoise wrote: post #24

opportune wrote: post #12

Earlier quoted context omitted.

Philanthropy is in many cases personal PR for the rich, or just something easy to do rather than work or do nothing. I’m sure Buffett and Gates are doing it for other reasons. But generic_billionaire donating paltry amounts of money is just buying goodwill from the public, other rich people, the local community, politicians, etc. A rich person donating 1% of their wealth each year may be donating a lot in absolute te…

They're still donating. Are we seriously chastising people for giving money to causes of their own volition because we feel it isn't enough?

Post by seanmcdirmid » Sat, Sep 08, 2018, 2:36 AM UTC

zhte415 wrote: post #23

drum wrote: post #11

The brewing trade war can't make running the company easy for Ma, considering Alibaba does more volume than eBay and Amazon combined as a portal to Chinese manufacturers. Taking into account that the company's listed on a US stock exchange yet still has to answer to government regulation back in China, I can't imagine he's having a good time being caught in the middle.

Not an easy company by any stretch. British Virgin Islands registered and extremely hard to unwrap ultimate ownership even.

Post by dx87 » Sat, Sep 08, 2018, 2:44 AM UTC

romwell wrote: post #25

baybal2 wrote: post #5

>Among China’s biggest companies, Alibaba is viewed as one of the firms with the deepest ranks of management talent. Claim going perpendicular to experience of every Alibaba employee I met. A person who was singlehandedly running both business development and operations for all of Aliexpress has left the company after 5 years without a promotion. The co has a reputation for squeezing work enthusiasm out from even mos…

>Claim going perpendicular to experience of every Alibaba employee I met. Probably opposite , not perpendicular then :)