Jack Ma to Retire from Alibaba

Post by icelancer » Sat, Sep 08, 2018, 9:21 AM UTC

TuGuQuKu wrote: post #48

analognoise wrote: post #24

Earlier quoted context omitted.

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?

Uh, yes? I give a higher percentage of my income to charitable causes than any of these "philanthropists" and I manage to not waste an insane amount of money on a disgustingly wasteful life of luxury at the same time, but for some reason I don't have an army of sycophants defending my every action on the internet.

Post by baybal2 » Sat, Sep 08, 2018, 9:30 AM UTC

adventured wrote: post #72

ck425 wrote: post #64

Earlier quoted context omitted.

Interesting thought. Can you provide any historical examples of this?

You can look at his existing behavior for clues to that being the case. When he took control of Ant Financial from Alibaba, spinning it off, he gave himself 2/3 of the business. That diluted position would still be worth around $80-$90 billion today. Instead of holding onto that, he proceeded to massively dilute his ownership and control of Ant. The reason he did that, is the same reason he was allowed to take it awa…

Post by TheSmoke » Sat, Sep 08, 2018, 9:59 AM UTC

ksec wrote: post #77

schuke wrote: post #75

Earlier quoted context omitted.

Xiao Jianhua, Wang Jian (HNA) are recent examples. When Bo Xilai was purged, Xu Ming, a businessman with very close ties to him, were arrested for bribery, and later died mysteriously in prison. Given the turbulent political scene it could be a good move to distance himself from everything, at least for some time.

When one stands in front of the Many Faced God, all the money they had, even if it were trillions are literally useless. Many may have read about it for a while, but it was only these recent events that makes you truly understand. Why they are willing to paid millions for "services" to move their "millions" out of China and live outside. Fan Bingbing is another example, and countless others. And it proves that China,…

Post by specialist » Sat, Sep 08, 2018, 11:09 AM UTC

TheDong wrote: post #51

icelancer wrote: post #26

Earlier quoted context omitted.

Yes, this is basically where we are at today. Apparently we are to hold every rich person to some esoteric standard because every wealthy person made their money by exploiting others; none of them were positive-sum contributors to society. And when someone donates a lot of money, we just say they are buying PR and have calculated the ROI like the terrible capitalist they are, with zero evidence at all this is the cas…

It's disingenuous to frame the problems people have with the 1% as being due to them not positively contributing to society. Rather, the entire capitalist system, tax loopholes, and corrupt politicians have lead to increased disparity between the rich and poor. I'm fine with the claim that some people who create value and are net-positive, such as many of the rich people, absolutely should have significant wealth. Ho…

Post by bergerjac » Sat, Sep 08, 2018, 11:44 AM UTC

joejerryronnie wrote: post #52

The reason Jack Ma is stepping down from Alibaba is that he was becoming too powerful and influencial in China. Jack is very smart and knows that you can build your wealth and power until you begin to threaten the party, then you either need to step down or you will be forcefully taken down.