A decade ago it was Worldcom and Enron and other giants. It is unfortunate that the founder mythology has shifted some of the worst corporate behavior to start-ups.
say what you will about the tech giants, at least you know what you're going to get paid.
While Uber’s buyback approach can help it retain talent, it may also benefit
the company’s bottom line. Using its own money, Uber purchases common stock
for 25 percent to 35 percent less than the price of preferred shares from
its most recent funding round, one person familiar with the matter said. It
can then turn around and sell shares at a premium in a subsequent round.
Could employees unionize and threaten to quit en masse unless a company-wide liquidity solution was offered?
I personally break a few laws I just don't care for. Drugs laws to name one. Nobody is taking my LSD from me and I imagine there are millions like me.
That said I don't agree with what Uber is doing. They are one company trying to skirt the law.
A million people die every year due to cars. These laws are partly responsible for these deaths.
These laws are not worth the lives of a million people every year.
It's a pretty ridiculous situation.