81–90 of 171 posts
https://www.zerohedge.com/news/2016-08-06/atom-bomb-annivers...
"The attacks on Hiroshima and Nagasaki were horrible and tragic. But whether they were results of “atom” bombs (certainly in the sense that people understand them today) is at least seriously questionable."
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Look up what Eddie Lampert did with Sears. As far as I know, no criminal issues with his self dealing.
Elon Musk is being sued by Tesla shareholders as we speak, for the same sort of self-dealing with regards to the SolarCity purchase.
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> If Adam provides an opportunity for his investors to make their “ten billion,” why would anyone object to his self-dealing? On the other hand, why would anyone care whether or not his investors make their “ten billion”? We object because it’s a you-scratch-our-back-we-scratch-yours situation in which the rich get richer and no value is produced for the rest of society.
Well, that is certainly a valid position to take, and I am not unsympathetic. But my parent comment was responding to the question of whether this specific behaviour is illegal. Your take touches on whether the entire industry—with or without a few leasebacks and trademark deals—is morally repugnant.
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Quite right, like this [1] 100% factual not at all bullshit scientifically sound article on climate change. Thought provoking indeed. [1] https://www.zerohedge.com/news/2019-09-05/5-surprising-scien...
3 and 4 are certainly false; whilst 1 and 2 are true, the end result of any change to the status quo of our environment (ie sea levels) is that society simply can’t afford a 7-70m rise in sea levels. Whether or not you ‘believe’ and this isn’t a religious perspective, this should be well accepted science by now, is that we are causing a change we can’t affoed; and even if we aren’t causing it, it looks like ‘factor x…
In the end it matters little if the planet is warming from natural or man-made causes. If the environment is sufficiently degraded that things start to come apart then everything is in trouble.
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ZeroHedge is the type of site that will quickly be labelled alt-right, fake news etc. in reality they tend to just interpret events in much more extreme ways but still rely on largely factual sources. I find the commentary to be much more thought provoking than consensus outlets. Glad to see some fellow HN'ers peruse the site.
Quite right, like this [1] 100% factual not at all bullshit scientifically sound article on climate change. Thought provoking indeed. [1] https://www.zerohedge.com/news/2019-09-05/5-surprising-scien...
It’s been quite hilarious for me watching this saga unfold. All I needed to hear was that this man literally took out loans from WeWork and used the proceeds of the loans to purchase real estate that he then leased back to WeWork. Lol!
Genuine question: is that legal? That seems incredibly shady.
Probably. Investors were amply aware of Adam’s self dealing. It was abundantly disclosed, and they accepted it as part of their investment.
Their wager was the self dealing was a fair cost to pay for WeWork’s growth. They didn’t count on public equity investors being a savvy bunch.
There will almost certainly be lawsuits, but the only moves that look like they crossed clear lines one can’t disclose oneself out of were those involving his hiring his family members. But again, probably a civil dispute by someone turned down for a promotion or similar job.
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if you could get your hands on the stock, which would have been fairly unlikely.
You can create a synthetic short with options, no need to borrow any stock at all.
Not sure how much one can trust a site that thinks nuclear weapons aren't real. https://www.zerohedge.com/news/2016-08-06/atom-bomb-annivers... "The attacks on Hiroshima and Nagasaki were horrible and tragic. But whether they were results of “atom” bombs (certainly in the sense that people understand them today) is at least seriously questionable."
Buying that stock would be akin to donating to a "Help Adam Neumann Buy Real Estate" GoFundMe campaign.