Why Adam Neumann still gets money for a startup that cannot even fully define what he is trying to build after running we work to the ground is exactly why most people in this country are angry at the current state of things.
Normal people have consequences for the smallest of the mistakes they make in their lives. You can go to jail for failing to pay a parking ticket and have your life ruined if a medical bill goes to collections because your insurance wrongfully denied your claim.
Meanwhile corporations and connected individuals see little to no consequences of their direct actions. Ceos and founders mess up, and workers face the consequences. Real estate companies can literally walk away from their obligations and surrender buildings to lenders, and can still operate with no consequences. Banks can shut down and the executives can keep their millions in bonuses, while you who put your money in, should’ve known better about FDIC insurance limits.
Normal people have consequences for the smallest of the mistakes they make in their lives. You can go to jail for failing to pay a parking ticket and have your life ruined if a medical bill goes to collections because your insurance wrongfully denied your claim.
Meanwhile corporations and connected individuals see little to no consequences of their direct actions. Ceos and founders mess up, and workers face the consequences. Real estate companies can literally walk away from their obligations and surrender buildings to lenders, and can still operate with no consequences. Banks can shut down and the executives can keep their millions in bonuses, while you who put your money in, should’ve known better about FDIC insurance limits.