Comments on: Facebook: The IPO hangover that could change it forever Fri, 12 Oct 2012 21:02:59 +0000 hourly 1 By: rissey Tue, 08 May 2012 08:13:09 +0000 @deLafayette:
Agreed! Why, FB is valued more than the combined GNP of the world’ lower 40 percentile nations, producing nothing, causing lower productivity as FB users are connected 24/7,merchandisers equally sucked into this new media hype of selling through social media platforms – most of all, the Investment Bankers of Wall Street are having fees based on valuation, “effed” the other new shareholders (by the way, they asked to be effed” because, the new shares do not rank parri-pasu to Zuckerberg’s and his exclusive club of stakeholders’ shares. How stupid can the mom & pop shareholders be – these are institutional funds willingly to punt with other people’s money.

By: BizEthicsReview Sun, 08 Apr 2012 16:51:04 +0000 I think that the responses to this post highlight a deep problem in today’s culture; that of skepticism. Without well defined values, a company will not succeed. You can certainly make criticisms of Facebook, Apple, and other tech giants, but they’ve also accomplished a tremendous amount, and they have created vast wealth for many people. Facebook does have a set of values, that of the “hackers ethos,” and it has been intrinsic in the organization since almost the beginning.

I’d also like to point out a criticism of the comment by WeWereWallSt. It doesn’t appear that Suzy or Jack Welch were implying that Facebook’s “good values” actually had to do with altruism. More likely, they mean that the values are well defined, and fit well with the company’s culture. Therefore, it’s quite reasonable to say that Facebook’s values are “good” while still arguing that Zuckerberg “effed” his three classmates. Food for thought.

If you want some more interesting articles about business values and ethics, check out my site:

By: deLafayette Tue, 14 Feb 2012 10:24:54 +0000 René Déscartes: Je pense donc je suis.

Jackn ‘n Suzy Welch: We have a syndicated column, so we exist.

How times change …

By: deLafayette Mon, 13 Feb 2012 10:43:49 +0000 I dearly hope Jack and Suzy wont agree – but I see their piece a brilliant argument for putting Marginal Income and Capital Gains taxes back up to where they were before Reckless Ronnie brought them crashing to the ground.

That is, at one time, around 90%. In fact, from 1935 to the early 1960s, they were never below 70%. But Reckless Ronnie changed all that.

He showed us how America, in one fell IPO swoop, can make zillionaires out of computer dorks. Whilst the impoverished click-away at their Facebook wall in obvious delight with hopes of yet-to-be-found Instant Popularity.

My dearest wish is for Facebook to go the way of MySpace. Which will teach us, once and for all, how Internet IPO values can and do evaporate like the morning dew.

If there was ever a slap at Egalitarian Principles, it is that of hallucinatory unearned income in a country where “the sky is the limit” – in order to indulge an hedonistic urge for Individualist Supremacy of the Alpha-males and females.

We should tax the piss outta them. Confiscatory taxation of consolidated capital and marginal incomes at 95% of all gains totaling more than 10 megabucks a year.

Which would leave all of them, anyway, a cool zillion dollars each.

By: thoma Sun, 12 Feb 2012 18:59:40 +0000 very few have the mission drive of Steve jobs, not Google, not Microsoft, not Groupon, not IBM when they controlled the PC an likely not Mark Z

By: tmc Sun, 12 Feb 2012 11:12:59 +0000 Neutron Jack is just so 20th century analog. Please just enjoy your retirement island and let others handle the 21st century.

By: rissey Sat, 11 Feb 2012 02:30:55 +0000 Facebook – another of those Made in USA idea that sucks up the USD from institutions that gotten the USD from funds, that gotten their USD from the Joes and Marys, working their lives off at GE,3M, Boeing, et.el
A colossal wipe out is imminent once the many billionaires from Facebook cashed out.

By: WeWereWallSt Fri, 10 Feb 2012 15:02:43 +0000 “The bigger point we’re trying to make is that good values don’t happen by accident.”

Good values? This is the company that, by many accounts, was started when its CEO “effed” three Harvard classmates [the translation is our cleaning of the verb Business Insider reported Zuckerberg used in an IM to a friend re what he did to the Mesomorph Twins]. Doesn’t it usually take a generation or two to clean up a fortune? We’re not too keen on the future of this company.

Jack, we’d like to have you weigh in here on the loss of manufacturing jobs in the US. Jagdish Bhagwati has a piece in this week’s FT spouting some global community and Ricardo-esque nonsense [sorry to tip our hand]. We’re really not overly interested in what other economists have to say about this, even opposing views, because few of them are business people. We think most business people are economists though and you ran our leading manufacturer for so many years. If it fits with your, Suzy’s, and Reuters’s thoughts for future columns, we’d love to hear from you on this.

Thank you!