Adam Neumann planned for his children and grandchildren to control WeWork

Re:Adam Neumann planned for his children and grandchildren t... by deogeo on Saturday October 19, 2019 @08:35AM (#21298144)

To be fair, competition and investors tend to pressure corporations to place profit above any other values - the only way to maintain those values is to be forced by an external, 'arbitrary' force, like the law, or eccentric owner unconcerned with pure profit.

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Re:Adam Neumann planned for his children and grandchildren t... by solidsnack9000 on Saturday October 19, 2019 @04:51PM (#21300692)

An external, accountable force like the law can work but not a truly arbitrary one like heirs not subject to any constraints.

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Re:Adam Neumann planned for his children and grandchildren t... by deogeo on Sunday October 20, 2019 @07:25AM (#21303483)

But they are subject to constraints! They're subject to the law (ideally, anyway...), so the two options aren't in opposition. So yes, it can't work reliably, but still better than the pure profit motive, which is guaranteed to forsake any other values.

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Re:Adam Neumann planned for his children and grandchildren t... by meshr on Saturday October 19, 2019 @10:31AM (#21298687)

Do you know any projects that try to solve this problem?

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Re:Adam Neumann planned for his children and grandchildren t... by deogeo on Saturday October 19, 2019 @10:57AM (#21298802)

Government regulation solved parts of it - stuff like environmental protections or labor laws. But in general, it's a very hard problem, and I don't think a theoretical solution exists yet. You can read more about it here: https://slatestarcodex.com/2014/07/30/meditations-on-moloch/

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