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A man who destroyed his multimillion dollar company in 10 seconds (2018)

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Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#141

Earlier quoted context omitted.

Really I don't recall Elon doing any of the really shady shit that Maxwell did.

You should take a closer look at Elon Musk (starting with some of the sketchy shenanigans at Solar City).

Your probably to young to recall Maxwells shady dealings in the political/spook world (some people think that is what killed him)

And also stealing hundreds of millions from pensions funds that lead to wholesale reform of the pensions industry in the UK

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#142

Michael O'Leary being incredibly rude is a key part of Ryanair's branding. If you're paying £19 for a two hour flight, you'll always have the sneaking suspicion that the airline is skimping on maintenance. O'Leary makes it absolutely clear that they save money by treating their passengers like cattle. He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an…

I agree. Fellow "cheapskates" who just want to get from Dublin to Edinburgh on a cheap flight probably admire his thrift.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#143

Michael O'Leary being incredibly rude is a key part of Ryanair's branding. If you're paying £19 for a two hour flight, you'll always have the sneaking suspicion that the airline is skimping on maintenance. O'Leary makes it absolutely clear that they save money by treating their passengers like cattle. He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an…

He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an aircraft to crash.

That image will keep them going right up until they have a fatal crash, at which point the press, the government, and victims’ attorneys will use every word he has ever said about being cheap to crucify him and the company. Given their volume of flights, a fatal crash is statistically likely to happen at some point. I would be very careful ever making such statements if I were in such an industry.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#144

Earlier quoted context omitted.

You should take a closer look at Elon Musk (starting with some of the sketchy shenanigans at Solar City).

Your probably to young to recall Maxwells shady dealings in the political/spook world (some people think that is what killed him) And also stealing hundreds of millions from pensions funds that lead to wholesale reform of the pensions industry in the UK

Yeah, both are shady AF.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#145
post #8

This is really applicable to any products that are valued based on their marketing efforts instead of intrinsic value or utility. Costume jewellery, designer clothes, some kinds of art, all derive their value from the story the creators tell. The most expensive art seems to be that which has the most thoroughly verified, or at least the most believable story. I like to think I’d prefer Apple products over the competi…

The value of the well-told story applies equally well to products that do have intrinsic utility. Look at how we developers choose the software we use.

People making these decisions often claim their choices are made on purely rational grounds. But why then do large companies choose to spend so much money marketing things like Kubernetes, React, MongoDB, Red Hat Linux, etc? Surely these high-quality projects would stand their own in a marketplace of open code even without the money...

Some software companies like Oracle tell their stories primarily to corporate buyers, and developers sneer at them, thinking they're too smart to fall for that. Other companies like Google, Facebook and Microsoft have learned to tell their stories in ways that leave developers oblivious that they're being marketed to.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#146
post #8

This is really applicable to any products that are valued based on their marketing efforts instead of intrinsic value or utility. Costume jewellery, designer clothes, some kinds of art, all derive their value from the story the creators tell. The most expensive art seems to be that which has the most thoroughly verified, or at least the most believable story. I like to think I’d prefer Apple products over the competi…

> This is really applicable to any products that are valued based on their marketing efforts instead of intrinsic value or utility

Care to elaborate what your distinction here is? I don't see it.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#147

The modern examples cited weren't nearly as bad: - Lulumon didn't seem to be hurt by Chip Wilson. In fact, the "notoriety" made me aware they they sold men's clothes, too, and I went there and bought some great athletic wear. - Many customers appreciated Barclays' warning not to "pile up debts." That would give me a favorable opinion of a company that offers lines of credit, not a bad one.

Same with John Pluthero at C&W. I was working there at the time and John was well-known for being brutally honest (his management style was one of the reasons he took over when C&W bought Energis, despite him running the much smaller Energis). It's a while ago now, but he was right at the time and I don't remember anyone disagreeing.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#148
post #33
post #9

What I don't understand, is how it wasn't immediately apparent this stuff was junk? You couldn't possibly think that it was equal in quality to much more expensive competitors. I guess it's just the case of not being real, until someone says it.

Diamonds, especially the recent craze around discolored ones might be a good comparison. They are valuable mostly because of years of shrewd marketing. If DeBeers started telling the truth, they could drop in value pretty quickly.

Several years ago, my mom ran low on money, so she decided to sell her old wedding ring. She hadn't worn it for years because she and my dad got divorced long ago, so she figured she'd at least get some liquid cash by selling it.

The first shop she took it to offered a little under 10% of what it cost. She thought the shop was trying to scam her, so she went to a bunch of other shops, and they all offered less. So she went back to the first shop a couple of days later, and there was a different guy there who told her that the first guy was an idiot who overvalued the diamond. It was a piece of junk, and it was worth well under 10% of what it cost. The jeweler also pointed out, in detail, that the diamond itself was really shitty even by the standards of wedding rings. But because they already made that offer, they decided to honor it anyway just to avoid any drama. And so my mom sold a ring that cost her and my dad $30k for about $2600.

And I understand that's normal. Retailers mark new diamond rings up like crazy because that's how much people are willing to pay for a wedding ring, even if it's not what the stone is actually worth.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#149

Earlier quoted context omitted.

I think the issue is that she kept the clothing with the semen, which speaks about planning and cunning. People talk about the power imbalance, but at the end of the day there are a lot of people who sleep with their superiors because they want to rather than being coerced (explicitly or implicitly). I don't think we'll ever truly know if she was coerced or not, but we know for sure that she kept that clothing. And I…

> Everyone understands that she may have been a victim in it. You believe Lewinsky was a victim of what, exactly? She might have been extensively mistreated by the press but that's it.

> You believe Lewinsky was a victim of what, exactly?

Being pressured into a sexual relationship by her superior, who was by many standards the most powerful person on the planet at the time?

Like, regardless of whether you believe that's true or not it's pretty obvious how people might arrive at the conclusion that she was a victim and why there's debate about it.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#150

Michael O'Leary being incredibly rude is a key part of Ryanair's branding. If you're paying £19 for a two hour flight, you'll always have the sneaking suspicion that the airline is skimping on maintenance. O'Leary makes it absolutely clear that they save money by treating their passengers like cattle. He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an…

He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an aircraft to crash. That image will keep them going right up until they have a fatal crash, at which point the press, the government, and victims’ attorneys will use every word he has ever said about being cheap to crucify him and the company. Given their volume of flights, a fatal crash is statistical…

They've never had a major crash in almost 35 years. Other budget airlines with few customer perks like southwest have survived crashes with a less stellar safety record.
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