, it was Daraprim that made him infamous. Yet no matter how much anger his outrageous price hike generated, there was nothing anyone could do. Shkreli could have raised the price 10,000 per cent if he'd wanted. He saw a flawed system, and exploited it. Even though he wound up disgraced, his price hike was perfectly legal.I thought of Shkreli on when I read a tweet by Senator Tom Cotton, a conservative Republican from Arkansas.
And you can bet that Adam Neumann is going to be at the red-hot centre of it all. Here he is, an unknown entrepreneur, negotiating a deal in a limo with SoftBank CEO Masayoshi Son, that would give the company a $US20 billion valuation! There he is spending $US80 million buying five homes ! He's borrowing tens of millions of dollars from a credit facility led by JPMorgan Chase & Co. against his WeWork shares.
But as much as Cotton would like to view him as a fraud, it doesn't appear that he's done anything illegal. Like Shkreli, he saw a flawed system and his combination of greed, smarts and apparent remorselessness allowed him to exploit it. All of this allowed Neumann to keep raising billions even as his company was losing billions. We's status as a private company gave him the cover he needed to do his inside deals. He convinced Son that he and only he could find We's less-than-obvious path to profitability. And at the end, Neumann's control of the company gave him the leverage to extract.
Only a fool would base his business decisions off occult Babylonian Gematria and numerology.
I hope this is the end of the 'We're the biggest blank company, while owning no blank' business models. It's codependency more than disruption in most cases.
When you're rewarded that much for being a failure....
No. It's still totally Trump.
Oh no he's not.