121–130 of 314 posts
Earlier quoted context omitted.
I think you made some mistakes in your math. There are 535 Congressmen in USA, 99.99999999% of them is well... 535. If I find the son of a Congressman that made billions your model will prove wrong Warren Buffet is one.
>>99.9999999...% of children of
I have an example. In a previous role was in a position where we were negotiating a large-ish (>1M USD) multi-year contract when our client asked us to also do a proof of concept about some topic. It was just 1 week or 2 weeks so I said it would be free but because of various regulatory stuff we needed a contract in place. I was dealing with the same purchasing lawyer on both contracts. The process was super-standard…
It’s a common negotiation strategy to be a complete ass and wearing people down. A lot of people will give in just to keep the peace. It also works to ask for more concessions right before closing the deal. You just have to be shameless. I think that’s why sociopaths tend to do well in business.
Most of the billionaires are assholes and/or criminals with a couple of noteworthy exceptions. So maybe not being an asshole will get you ahead in the middle but it won't get you all the way to the top of the foodchain. So this is solid advice, but unfortunately the role models are exactly those people that didn't follow this sort of advice. Microsoft, Amazon, Oracle, Apple, Google and Facebook all would not have bee…
They cultivated strategic partnerships with the right people at the right time, and once they got enough of what they wanted, sometimes they behaved like assholes.
They probably behaved like assholes with some employees but not their key employees.
I have an example. In a previous role was in a position where we were negotiating a large-ish (>1M USD) multi-year contract when our client asked us to also do a proof of concept about some topic. It was just 1 week or 2 weeks so I said it would be free but because of various regulatory stuff we needed a contract in place. I was dealing with the same purchasing lawyer on both contracts. The process was super-standard…
> by backing out all of our changes and only putting in his changes That so feels like a mistake because that's the sort of tactic that would completely and utterly remove their capability of ever working as a corporate lawyer ever again for any company. If that genuinely happened, that lawyer needs to be disbarred, but that's a pretty damn egregious accusation.
A few years ago I started a company, then raised money through convertible notes. By the time the notes were due (2 years), we weren't ready to raise a round yet, so all investors extended their notes. All except one. The investor that didn't want to extend the note was also the CEO of the company that was our largest client, so not only did he call his note, he also ended his company's contract, making a huge hole i…
So did this backfire for this CEO? I assume that he never got the full amount of the note back but he possibly could have if he extended the note.
Instead, he chose to start a (very costly) legal fight.
So far he's probably out $100k+ in legal fees and looking to spend $100-200k more in the new personal lawsuit. The original note was for $250k. I don't think he's ever going to recover the full amount of money he's put into this (not to mention also his and everybody else's time as well as opportunity costs).
https://asia.nikkei.com/Business/Science/Study-compares-peac...
Earlier quoted context omitted.
No, I've had this happen when drawing up contracts with American lawyers way too many times for it to be mistakes. We've had lawyers try to sneak in one sided clauses after we agreed differently with business owners pretty much constantly. It always significantly deteriorated relations with that company. But I guess Americans think that's fine because "it's just business".
> But I guess Americans think that's fine because "it's just business". That's a really prejudiced and unwarranted view of Americans. If anything it says more about your biases and prejudices than it does about one nation.
I am an American citizen so you can take it from an American citizen instead. Companies have zero scruples whatsoever about screwing over others in business.
The major flaw in this article is that it does not defined what constitutes "asshole" behavior. There is a difference, for example, between being vindictive towards others, and simply pushing people out of their comfort zone. The term "asshole" is so vague that it borders on useless.
Because it depends. Certain things are generally asshole behaviour tho: - beeing unfriendly when someone has a bad day - going out of your way to make someones life harder - unemphatically beeing to hard to someone in the wrong moment - participiting in badmouthing or mobbing - pushing work and tasks that you should do onto others without explicitly talking about it - beeing snarky to people who know less than you Et…
This is all subjective and I'm surprised this article is even on here, it's just someone ranting.
The major flaw in this article is that it does not defined what constitutes "asshole" behavior. There is a difference, for example, between being vindictive towards others, and simply pushing people out of their comfort zone. The term "asshole" is so vague that it borders on useless.
Even if you could come up with a good definition, it would still be a silly assertion. He’s wrong: not being an asshole won’t make you more money. Being an asshole will also not make you more money. How nice or not nice you are to other people is almost entirely unrelated to how much money you make.