I started coding at 10, got into one of the most prestigious high schools in the country and was on track for a college like MIT.
Then I started cutting classes and dropped out of high school.
Yeah, maybe I took a dumb path. It was risky. I don't recommend it. But now I’m a CEO
@unusual_whales
it's funny because hedge fund managers go on TV all the time to pump up their positions and that's seen as "savvy"
when a regular person does this it's "manipulation"
@MorePerfectUS
broader concern is the culture of finding someone to replace your shift when you have to miss work: That's the manager's job. It's literally unpaid work to spend stressful time calling around trying to beg someone to replace you.
@MorePerfectUS
and what will happen? Nothing. The rules are different when you're at that level.
Meanwhile if you stole a pack of gum from one of their gas stations you're in jail
@MorePerfectUS
at this point if you are eating packaged processed food, you just have to assume you are eating some kind of chemicals you'd find on an EPA list
@mcuban
Problem is no one is told why they are hired. Bigger issue: no one is told why they are not hired. You either get ghosted or just told some vague "we went in another direction" explanation.
I know it's hard when you get a lot of applicants but we really should be doing better.
@CultureCrave
1. just never do Game of Thrones ending
2. have someone else do it on TV, and it sucks
3. say "it was their fault"
honestly respect the playbook, no-lose situation for him
@MorePerfectUS
it's a good start by why still $3?
The CEO of one bank named his yacht "Overdraft" for a reason (they drive $8 billion in annual revenues)
@MorePerfectUS
@humanworkplace
a lot of this could be solved by being transparent in the job posting. Ends up wasting everyone's time when you play games like this
@unusual_whales
and what will happen? If this was a normal person, they'd be put in jail. Because it's a big company, they may pay a fine that equals 2 hours of revenue
@DiscussingFilm
OK, so when workers mess up, they get fired
When CEOs mess up, they get an extra 26% raise to $50M?
I say this as a CEO: the "Free market" is not the "free and fair" system business people make it out to be
@dieworkwear
people say it's humans but house cats are the apex species.
they removed themselves from the food chain but also don't have to work. (you can make the same argument for dogs but they still try for people's affection; cats dgaf and don't need to)
they have my utmost respect.
@roshanpateI
assuming this isn't satire, this is the best thing that could've happened to the employee - getting out from under a toxic boss at a pivotal time. Guessing parental leave wouldn't exactly have been well received.
@eastdakota
@Austen
I think the core of the problem here and with other companies is viewing humans as lines on a spreadsheet. Thinking "we can just hire them and fire them if it's not ideal in 3 months" shows your priorities.
When people take on new jobs they move, uproot lives, quit old jobs,
@Carnage4Life
but it also led them to a record quarterly profit. The incentives for companies are clear:
Lay people off --> increase short-term profits --> share price goes up --> CEO pay package goes up
@MattBruenig
putting aside the fact that people are trying to dunk on a little kid, the lesson - as we learn 1,000x a day - is to wait, and be patient. Social media hates nuance, though, so all the incentives are to GO RIGHT NOW!!!
@KristyT
when did we get to a point where people should be shamed unless they spend $0 on anything other than the barest necessities? is life not more than survival?
@MorePerfectUS
BetterHelp brings in $1.1 billion in revenue yearly. This represents 0.7% of that - for giving advertisers answers to confidential mental health questions
it's not a fine, it's a cost of doing business
@MKBHD
and it's just first version. Look at the cat's paws when it hits her face. You can tell if you watch closely but this is the worst the technology will ever be
@JoePompliano
I'm sorry but there is absolutely no way this race generated $1.5 billion for the city.
Cities release these reports to trick taxpayers into funding events. Always look at the source
@MorePerfectUS
thing is, employees used to care - back when they got benefits that required the company to do well like a pension, stock, healthcare retirement plans, etc. Now employees are treated as disposable. There's no incentive to do anything but clock into your shift and not get fired.
@unusual_whales
i'm sorry, why do we let the people who vote on policy get rich off it? If you want to be a public servant, do that. If you want to be a stock trader, do that. You can't do both.
@cognition_labs
there are engineering students in college now who's degrees were rock-solid six-figure job tickets when they enrolled, and now they might not have a job at all when they graduate.
People need to recalibrate how fast this stuff is moving
@unusual_whales
My entire generation is being priced out of homes and no one seems to care. What's going to happen when we have to pay $2,000 rent for 30 years instead of building up hundreds of thousands of dollars in assets?
@mcuban
as a CEO I don't understand why this isn't a top issue of business owners. We are getting crushed by health care costs and PBMs are a huge reason why.
@MorePerfectUS
why would it stop them? It's 0.01% of their revenue. It's like speeding every day to get to the office faster and one day out of 5 years you pay a $10 ticket. What lesson have you learned?
@JonErlichman
Truly amazing - worst-run franchise in the NBA and still printed money just by being 1 of 30 tropical islands that billionaires clamor over
@MorePerfectUS
at one point are these fines just a cost-of-doing business? The amount saved on hiring these kids over higher-paid adults is probably more than the fine amount, even if they get caught.
@zachweinberg
absolutely. People freak out over gas going up 10 cents or them taking 2 slices out of a bread loaf ... meanwhile homes cost $100,000 more every year.
Yet you never hear people talk about fixing it.
@unusual_whales
can someone explain why the mainstream news isn't covering this stuff? We have lawmakers voting on things that affect their bank account directly every day.
@unusual_whales
how come we never hear about menu prices going up to ensure profits go up? Last quarter McDonald's profit went up $300 million as they raised prices.
Or how about prices going up to support CEO pay? Chipotle's CEO made $17.2 million last year, 1,073x the median employee pay.
@MorePerfectUS
McDonald's workers get $22 an hour in Denmark plus 6 weeks paid vacation, a year of paid maternity leave, a pension plus standard universal health care and sick leave.
In Denmark Big Macs cost 27 cents more than in America
@sweatystartup
I feel like that's a great way to only get desperate (probably young, inexperienced) people while closing the door on all the qualified workers who know their worth
@JeffPassan
Purchase price in 2005: $180 million
Current team value now: $1.2 billion
Value after moving to Vegas with taxpayer-subsidized stadium: Gonna be well over $2 billion
We reward cheap owners and the lesson is: keep being awful to your fans and it'll be OK.
@mcuban
we have a serious problem in this country when everything is viewed through a culture war for some folks. Some things are just pretty simple. Becoming a doctor is hard AF
@unusual_whales
people are always so concerned about "immigrants coming to take our jobs" when in reality it's companies shipping the jobs overseas that you have to worry about
@unusual_whales
I'm sorry - why is this just now happening? The IRS already has your tax info. Every other country just sends you a tax return and says "look good?"
@MorePerfectUS
Spotify shares are up 9% since they announced they were laying off 17% of their employees this morning.
Execs are paid based on share price. What is the lesson Spotify and other big companies learn from this?
@JeffPassan
The lesson for other sports owners is clear: You can spend $0 to put out a miserable product and alienate your fans ... and wait for another city's taxpayers to bail you out and increase your net worth by billions.
It's no wonder they keep using this formula.
@DKThomp
I know it's not the point but it's really bothering me that the Brown headline is in regular font while the others are in italics
Standardized test scorers would not like this
@dieworkwear
everyone thinks the big companies are "cheap" until they force out all the small businesses and then raise prices with their newfound monopoly.
@BillSimmons
all-star games in general are obsolete. Was a great idea once upon a time when it was the only chance people with 3 channels had to see the best guys from out-of-town, etc. Now everyone sees them every night.
The guys clearly don't want to play and hard to blame them
@unusual_whales
you can't complain "no one trusts government" and make it perfectly legal for members of congress to do all the insider trading they want
this is such a basic thing to fix, yet the people who can fix it are the ones getting rich off the problem
america in a nutshell
@tunguz
people complaining about him are missing the point. He's just the messenger. If you don't want your company destroyed, don't release bad products. Pretty simple.
@unusual_whales
maybe this is crazy but if you're so uncomfortable having people in your house that you need to spy on them, maybe don't airbnb your house
same thing with bosses using spyware to track employees
@TrungTPhan
imagine getting paid $770 million to get fired from the company you ran into the ground then buy the company for a dollar. They will be rewriting history books on grift for him
@LaurenKGurley
the fine really should be a % of profits for a place like this. Otherwise they just see it as a cost of doing business - even if they get caught, all they have to do is pay the back-wages plus what seems like a pretty small fine. Not much of a deterrent.
@NoContxtBing
She sounded like a really good friend - she was the one who confronted Perry about his drinking and drug use on the "Friends" set on behalf of the cast. That takes a lot of guts.
@unusual_whales
so his real punishment (after subtracting illegal profits) was $508k. For a guy worth $16.5 billion.
That's 0.03% of his net worth.
Rich people do this stuff because you usually get away with it, and even if you don't, it's a slap on the wrist.
@KobeissiLetter
Target also said they get $0.8B in theft each year and the $1.3B loss number was the ceiling, so the increase was "up to" $0.5B. Does $0.5B in added theft out of $109B in annual revenue cause a $30B market cap loss?
It can be dangerous to cram a narrative through.
@FOS
the combined net worth of the Chiefs and Royals owners is over $5.5 billion. Can anyone explain why sports owners can't afford to fund their own stadiums?
@CorpFinScum
I think it's about cover. If a company messes up, "we didn't do it - the consultants did! I didn't fire you - the consultants did!" That's their real value.
@awfulannouncing
it sucks. It's also just the reality now that baseball is no longer a national sport but a regional one where you only care about your team. Once they're out, season is over.