So, one of Ozy's top two executives impersonated a senior YouTube executive, apparently using voice-modification technology, to answer questions in a due diligence phone call initiated by Goldman Sachs, who was considering investing $40M in the company.
First of all, wow. That takes a lot -- a lot -- of chutzpah. And a lot of arrogance too.
Second, Ozy's board of directors described this reckless con as a "mistake." Apparently the impersonator is still at Ozy. (Wait... What?)
Third, I'm reminded of the later stages of the residential mortgage market bubble, in which the zeitgeist was captured by the phrase "extend and pretend." The zeitgeist now may be best described as "fake it and pretend."
First of all, wow. That takes a lot -- a lot -- of chutzpah. And a lot of arrogance too.
Second, Ozy's board of directors described this reckless con as a "mistake." Apparently the impersonator is still at Ozy. (Wait... What?)
Third, I'm reminded of the later stages of the residential mortgage market bubble, in which the zeitgeist was captured by the phrase "extend and pretend." The zeitgeist now may be best described as "fake it and pretend."
Again, wow.