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hornhorn

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  1. hornhorn
    SoftBank to take control of WeWork Source: https://www.cnbc.com/2019/10/23/softbank-to-take-control-of-wework.html
  2. hornhorn
    I can't prove that its a fraud. However its easy to see that it looks like a ponzi scheme draped as a business. But, fair point.
  3. hornhorn
    The primary goal of the investment wasn't to create/sustain jobs and 401K and whatever else you listed up there. The primary goal of that investment was to buy WeWork some time and turn it into a successful enterprise. Softbank voluntarily invested in this ponzi scheme draped as business despite onerous founder control requirements. Employees voluntarily worked there and received what I'm presuming(until proven otherwise) a fair compensation for their work. Neither one should have any qualms at this point. If you want to feel bad, do so for these investors(however I don't). Employees can just pick up and leave today if they wanted to and they aren't out anything. They have a bone to pick if they aren't compensated when they leave. Investors, at least the late round ones cannot.
  4. hornhorn
    Ooh fraud is a strong word. Where do you think there was fraud? And no, I'll keep my schtick right here. Why don't you take your gross misunderstanding of Wall street vs. private market investment elsewhere? Deal? Deal!
  5. hornhorn
    I like it when people see a business where it went from zero to worth $50 billion to $8 billion in a few years and consider it a failure and government programs that go from $100 billion to zero in the same timeframe and ignore them completely.
  6. hornhorn
    OK, a few corrections to your post: This isn't a zero sum game. This isn't even wall street where retail investors are getting screwed. Its private investment. And no I never said its OK even for private investors to lose their money and this will serve as a great business case in the future where corporate governance was absolute shit. No founder should be allowed to have that much control over a company that looks for outside investment. If they do and still invest, then the private investors kinda deserve what happened here. Don't you think? At some point you have to account for your own personal responsibility and not let your emotion of FOMO guide your investment decisions. What I disagree with you is your claim that since this will cause employees to lose their jobs IF it goes into bankruptcy he shouldn't be allowed to do it. Whatever that "it" is.
  7. hornhorn
    He is stealing mostly from investors, Softbank mostly. Some employees who started early and were promised stock will also lose out but that's the cost of taking risks and working in a startup. That's the next best thing you can do if you cannot come up with an idea. Just like investors lost their money, so did they. On the flip side there are many examples where employees benefited handsomely because they took risks like these. Chamath Palihapitiya is a great example of this who worked at Facebook, left it early and became a billionaire at age 30 due to some other investments as well. Now if this company goes through bankruptcy, Neumann isn't going to be able to keep this money and steal from his employees as you state. It will have to be returned in order to pay back the bond holders, investors etc. Even if it requires liquidating his holdings.
  8. hornhorn
    So basically all the investment banks are the ones who are in need of this liquidity. Maybe its time to stress test Goldman and Morgan Stanley.
  9. hornhorn
    Les Miles' years at LSU suggest Les Miles should look into his own clock management.
  10. hornhorn
    Rhett Lashlee from SMU. He seems to be doing alright with Shane.
  11. hornhorn
    Do they own any properties? Or was it all leased for the most part?
  12. hornhorn
    Hatred? Bringing reality into a conversation isn't hatred. Go parent someone else. Maybe your kids if you can have them.
  13. hornhorn
    And this gives them what? Another six months to stabilize the company....jeez.
  14. hornhorn
    Fuck off, dipshit.
  15. hornhorn
    But but but I was told Texas can money whip anyone, even Bezos!
  16. hornhorn
    To be fairer, injuries are to be expected in football. Part of that $1.7 million is to plan for those contingencies, he should get on it ASAP.
  17. hornhorn
    Well, you can't blame Tom after he read this thread:
  18. hornhorn
    Here you go:
  19. hornhorn
    What financials? If he's able to beat Bama, LSU will match anything Texas offers. UT isn't the only school with money? And how successful do you think will he be in this conference? He seemed to have enough problems against Sam and Co. Imagine playing against Lincoln.
  20. hornhorn
    So you want Brent Venables to take a pay cut to coach at Texas? He already makes $2 million a year at Clemson.
  21. hornhorn
    OU outgained Texas last year 532 - 501 yards, lost 45-48 and fired Mike Stoops next morning. OU outgained Texas this year 511 - 310 yards, won 34-27 and everyone at Texas is still employed, fat and happy.
  22. hornhorn
    Fuck off aggy bitch!
  23. hornhorn
  24. hornhorn

    AP Top 25

    hornhorn replied to TrashMaster G's topic in Football

    I'm thinking Texas drops a spot or two.
  25. hornhorn

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