The net result is that a huge number of our leaders are essentially stealing money, but they can't withdraw the money directly, so they have to spend the organization's capital on expensive nonsense to purchase status then convert that status into a better salary somewhere else at a really, really bad exchange rate. It really is embezzling without the charm of efficiency. We'd be better off letting them withdraw $1M instead of forcing them to spend $30M so that your competitor offers them a $1M raise.
Activity
In the last issue of my newsletter, I wrote: “Side note: If someone promises you a risk-free 20% annual yield if you just let them hold on to your dollars for you, the risk that that you never see those dollars again is in fact very high.”
Anyway, here’s a post from Justin Sun today:
Mozilla Corp. has agreed to settle allegations it refused to hire a former Apple Inc. software engineer because of her prior labor activism.
nothing is certain except death, taxes, and tech bros trying to reinvent something they spent 10 minutes learning about
For a group of men in a Texas prison, the fantasy game became a lifeline — to their imaginations, and to one another.
Issue 73 – Degen volunteer fire brigade
update: the library director was in today and showed me his secret space opera hoard. new additions to the list:
- August Kitko and the Mechas from Space, Alex White
- You Sexy Thing, Cat Rambo
(haven’t read either yet, but he highly recommends)
he also had two of the books i’d been wanting to include in the display!
- The Long Way to a Small, Angry Planet, Becky Chambers
- Ninefox Gambit, Yoon Ha Lee