How To Be A Wealthy Failure
from the who-needs-success-when-you-can-be-filthy-stinking-rich dept
A good article that looks at the amount of money people made by creating horrible mergers and acquisitions. There's a lot of money to be made in incredibly stupid deals. The article then explains exactly what you need to do (as a CEO) to make a deal that is likely to be a failure, but which will still make you so filthy stinkin' rich, that you won't care. As it points out, no one really gets punished for bad deals. Sure, you might lose your job, but the golden parachute you get will make sure you're comfortable for the rest of your life. Besides, after you've failed, you can just go out on the lecture circuit at $30,000 a lecture.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
