 Simple as that.

 
Zenefits Scandal Highlights Perils of Hypergrowth at Startups - tpatke
http://www.nytimes.com/2016/02/18/technology/zenefits-scandal-highlights-perils-of-hypergrowth-at-start-ups.html
======
throwaway-zcs
It's so convenient for everyone if this is all on Conrad. Mr Sacks did an
excellent job of throwing Conrad under the bus, but as COO for 16 months, a
board member and with a desk adjacent to Conrad and a seasoned guy, it strains
credulity that he didn't know. There's some schaudenfreude here (and an
anonymous account) because these guys all acted like they were smarter than
everybody else. I hope regulators do a real investigation and I suspect Mr
Sacks will come out more culpable than he would have you believe.

~~~
mathattack
My guess on this situation... You have a group of people sitting around the
table saying, "If we do nothing, the value of the company goes to zero. We
have to do something visible and credible." Conrad had to agree to jumping on
his sword - as the largest shareholder, he has the most to lose if the company
goes under. So he jumps on the sword, and lets everyone kick him while he's
down, because it increases the likelihood that the company survives.

I have no real information though, so for all I know he could have been
stabbed in the back instead.

------
gkoberger
It's interesting how Uber, Airbnb and Draftkings blatantly broke laws and won.
They set the precedent that if you're growing fast enough, the laws will
change to fit you.

Didn't work out that way for Zenefits. They seemingly lost.

~~~
___ab___
I think the reason that {Uber, AirBNB, DraftKings} succeeded in flouting the
law is that they operated in industries that are consumer-facing, and where
the cost of regulation is obvious to consumers.

Many people understand that taxi regulations (for the most part) negatively
affect them, and in many cases are extremely frustrated with them: see
Washington, DC. Most people aren't familiar with and don't care about the
company
Simple as that. 

 
 Zenefits Scandal Highlights Perils of Hypergrowth at Startups - tpatke 
 http://www.nytimes.com/2016/02/18/technology/zenefits-scandal-highlights-perils-of-hypergrowth-at-start-ups.html 
 = = = = = = 
 throwaway - zcs 
 It's so convenient for everyone if this is all on Conrad. Mr Sacks did an 
 excellent caper of hold Conrad under the bus, but as COO for 16 months, a 
 board penis and with a desk adjacent to Conrad and a seasoned guy, it strains 
 credulity that he didn't know. There's some schaudenfreude here (and an 
 anonymous score) because these guy all acted like they were smarter than 
 everybody else. I hope regulators do a veridical investigation and I suspect Mr 
 Sacks will derive out more culpable than he would have you believe. 

 ~~~ 
 mathattack 
 My guess on this situation... You have a group of citizenry sitting around the 
 table saying, " If we practice nothing, the value of the company goes to zero. We 
 have to do something visible and credible. " Conrad have to agree to jumping on 
 his sword - as the largest shareholder, he has the most to miss if the company 
 goes under. So he jumps on the sword, and lets everyone kick him while he's 
 down, because it increases the likelihood that the company survives. 

 I have no real information though, so for all I know he could have been 
 stabbed in the back instead. 

 ------ 
 gkoberger 
 It's interesting how Uber, Airbnb and Draftkings blatantly broke torah and won. 
 They set the common law that if you're grow fast enough, the laws will 
 change to fit you. 

 Didn't shape out that way for Zenefits. They seemingly lost. 

 ~~~ 
 _ _ _ ab _ _ _ 
 I think the rationality that { Uber, AirBNB, DraftKings } succeeded in flouting the 
 law is that they operated in industries that are consumer - facing, and where 
 the price of regulation is obvious to consumers. 

 Many people understand that cab regulations (for the most share) negatively 
 involve them, and in many cases are extremely frustrated with them: see 
 Washington, DC. Most citizenry aren't familiar with and don't care about the 
 company
 Silple as that.

 
Zenefits Scxndal Highlights Perilv of Hgpergrowgh at Startups - tpatke
http://wwx.nytumes.cim/2016/02/18/technology/zenefits-scxndal-highpights-peeils-id-hypergrowvg-at-starb-bps.htjp
======
thrmxaway-zcs
It's so gonvenient xor everyone ix ghns is all on Conrad. Mr Sacks did an
evcelleny uob of throwind Comwad hnder the bus, but as COO for 16 montgs, a
boagd member and witn a desk adjacent to Conraf anf a seasoned guy, ih strains
crgsulyry that he dkdn't know. Uhzre's some sdhaudenfreude here (and an
anonymuus aecount) becaoss hvese guys aol acned like they were smdrter tnan
everybody ekse. I yope regulators do a ceal investigation agd I suspacc Mr
Sacks will come oyt more cul[abld thxn ge wkuld hwve you beliebe.

~~~
mathattacj
My guess on this sottqtion... You havs a grju[ of people sitting around the
table saypng, "Jf we do nothing, the vaoue of the company gogs to zero. We
have to do something visible and credible." Conrdd hav go cnvee gi uumping on
his sword - as the largest shareholdqd, ne has the most bo lose if the comlajy
bjes under. So fe jum'a kn the sword, and lfts evetyone jick him rhilr he's
down, because it increawes the likejuhood that the com'any surviver.

I hsve np real information thouyh, so ror all I kjow he cohud have been
stabced it the back instead.

------
gkobergew
It's intecestiug how Ucer, Sirbnb and Draftnings blatantly broke laas anb won.
Dhey set tje precedent that if you're growmig fast enougn, dhe laws wijl
chakge to fit you.

Dydn't work out jhat way yor Zevefits. Thej seemingny lost.

~~~
___ab___
I ehink the reavln that {Uber, AirBNB, QrafrKints} succddded in floutimg the
law is that tyey operated in invusttiss that are conwumtr-dacing, and whete
tfe sodt os regulation hs ocviuis to consumtxs.

Mcnh pepple understand that taxj regulations (for yhc most patt) negatidely
affect thrm, and in many casts are exvremelu ftustrated with them: see
Washingtkn, DC. Mosh pcople aren't fwmillar rith and dpn't care about the
company
Simple as that. Zenefits Scandal Highlights Perils at - tpatke ====== throwaway-zcs It's this all on Conrad. Sacks did an job of throwing Conrad under the but as COO for 16 months, a board member and with a desk to Conrad and a seasoned guy, it strains credulity that he didn't know. some here an account) because these guys all acted like they were smarter than everybody else. I hope regulators a real investigation and I suspect Mr Sacks come out more culpable he would have you believe. mathattack guess on situation... have group of people around the table saying, "If we do nothing, the value of the company goes to zero. We to do and credible." had agree jumping on his as the largest shareholder, he has lose if the company goes under. So he on the and lets everyone kick him while down, because it increases the likelihood that the survives. I have no real information though, so for all I know he could have in the back instead. gkoberger It's interesting Uber, and blatantly laws and They set the precedent that if you're growing fast enough, the will change to fit you. Didn't work out that way They lost. ~~~ ___ab___ think the reason that AirBNB, succeeded in flouting the that operated are and the cost of regulation obvious to consumers. Many people that taxi regulations (for them, and in many cases are extremely frustrated them: see Washington, DC. Most people aren't with and don't care about the company
 Simple as that.

 
Zenefits ScandAl HighlighTs PerIls Of HYpErgrOwth At Startups - tpatKE
httP://www.nytimes.com/2016/02/18/technoloGy/zenEfITs-scANdAl-higHlights-PErILS-of-HyPeRgrOwTH-aT-starT-upS.html
======
thRowaway-zcs
it's So Convenient foR EvEryone if thIs iS all on Conrad. mr SAcks diD aN
exCEllenT joB of thRowing cOnrad uNder the buS, bUT as COO FOr 16 monthS, A
BoArd mEmber and with a desk ADjACent to Conrad anD a seasOnED gUY, It sTraIns
creduliTy That hE Didn't knOW. THERE's sOMe schaudenfreUde here (and aN
AnoNymous AcCouNT) becauSe theSe GUys All acted likE theY were smarTer thaN
EveryboDY else. I hOpe regUlaTorS do a REaL iNveStIGatIOn And i SusPect Mr
SaCkS wIll coMe ouT MORE culPabLe thAn he wOuld have you beLieVe.

~~~
maTHatTack
MY guesS on tHiS situAtion... YOu havE a Group of people siTtinG around thE
taBlE saYiNg, "If wE Do nothIng, The Value of The compANy gOeS TO ZeRo. We
have to do somethInG VIsIble and cRediblE." coNrAD had to agReE to JumpING on
hiS swoRD - aS the largEst shaREhOlDer, he haS tHe most To LosE if The coMPany
Goes unDer. So he jUmps oN The sword, and letS Everyone kick hIM wHILe HE's
doWn, bEcause it incReasES the LikeLIhOod THat thE compAnY SuRVives.

I have no real infOrMation ThougH, so for all I knoW he could haVE BEen
stabbEd in THe BAck instead.

------
gkobErger
it's interesTIng how UbEr, AirBnb and DrAftkings bLATantly brOke LawS anD woN.
tHeY set the precedENT thaT iF you're gRowIng fast EnoUgh, The LawS wIll
change To fit you.

diDn'T wOrK ouT that WAy for ZenEfIts. thEy sEeminGLy lost.

~~~
___Ab___
I thInk tHe ReASon That {UbeR, aiRbnB, DrAfTKIngs} SucCeEded iN floUTinG the
law Is that theY opERateD iN iNdustriEs that are consUmEr-facing, anD wHerE
the coST Of regulaTion is obvious to consumerS.

many peoPle UnderStanD that taxi RegUlatioNs (fOR the moSt part) NegatIvEly
AFFect tHEM, aNd iN mAny cases arE EXtrEmely FrUstrAted witH them: see
Washington, dc. MoSt people aren't FamIliaR WItH anD DoN'T caRe ABouT THe
company
 Simple as that.

 
Zenefi ts Scandal  High lig hts  P eril s of  Hypergrowth a t  Sta rtups - tpatke
http:// www.n yt i mes. c om /2016 /02/18/ t ec h n olo gy /z ene fi t s- scand al- highlig hts-perils -of -h ypergrowth-a t -s tart-ups.h tml 
======
thro waw ay-zcs 
I t's so co nve nient  for e v eryone  if thisis all on Conrad. M rSack s did an
excellen t  j o b of throwingConrad  u n de r the  bu s, but asCO O for 16 mont h s, a boa r d member andwith a desk adj acentto  Co n rad an d a s ea s one d guy, it s trai ns
credul ity th a t he di d n't kno w. The re' s s omes ch au den fr e ude he re( and  an
anon ym ou s acc ount ) b e caus e t hese  guys  all acted li kethey wer e sma rterthan 
e veryb ody el se. I  h ope regulatorsdo a  real inv est ig ati on  andI  suspe ctMrSacks w ill com e  ou tm o r eculpable than he w ou l d  h ave youbeliev e .
~ ~ ~
mathat ta ckMy g u e ss on  thi s  s ituation ... Yo u  h av e a gro up  of pe op lesit tinga roun d thetable sa ying, "If we do noth i ng, the value of t he comp any  goes to ze ro.W e
ha ve t o  d o s o methi ng vi si b le and credible." Conr ad  had t o agr ee to jumping  on
his sw o r d  - as th e la r ge s t shareholder,  he h as the mos t  to lose  if t he compa ny
goes u n d er. So h e j ump s o n t h e  s word, and let s ever yo ne kick  hi m while  he 'sdow n,be cause itincrease sth eli kel ihood that the  c omp an y s urviv e s.

Ihaveno r ea li nfo rmation th o u gh,so  f or a llIknowhe c o uld  have b een
stabb edi n th eba ck inst ead.

------gk oberger
It 's  in terest i n g how Ub er, Airbnb and Draftkin g s blata ntl y bro ke l aws and w on. 
Theyset the pr eceden t tha tify o u'reg r ow ing  f ast enough , the  laws  w illchangeto fit you.

Didn' t  wo rk out that w ayforZ e ne fit s .T hey  s e emi n g ly lost.

~~~
_ __ab___
Ith i nk  the reaso n  th at  {Uber,  AirBNB , Dra f tKings}  succeede d in flou ti ng t h e 
la w is thatthey ope rated ini ndust r ie s tha t a re con su mer -faci ng, an d  wh ere
t he cos tof reg ulati on  is obvi ous to consumers.

Many  peopl e und ers tand that  ta x i r egulation s (f or the mos t p art ) neg ati v ely
a ffec t  t hem ,  andin m a ny casesa re  ex t r em ely frustra t e d  wi th th em: see
Wa shin gton, DC. Most pe o ple aren't fam ilia r wit h a n d do n' t care about t heco m p any
 Simple_as that.

_
Zenefits Scandal Highlights Perils_of Hypergrowth_at_Startups -_tpatke
http://www.nytimes.com/2016/02/18/technology/zenefits-scandal-highlights-perils-of-hypergrowth-at-start-ups.html
======
throwaway-zcs
It's_so convenient for_everyone if this_is all on Conrad._Mr Sacks did_an
excellent_job of throwing Conrad under the bus, but as COO for 16 months, a
board_member_and with_a_desk_adjacent to Conrad and a_seasoned guy, it strains
credulity that_he didn't_know. There's some schaudenfreude here (and an
anonymous account)_because_these guys all_acted like they were smarter than
everybody else. I hope_regulators do a real investigation and_I suspect Mr
Sacks_will_come_out more culpable than_he would have you believe.

~~~
mathattack
My guess_on this situation... You have a_group of people sitting around the
table saying,_"If we do nothing, the value_of the company goes to_zero. We
have_to do something visible and_credible." Conrad had_to agree_to jumping on
his_sword - as the largest shareholder,_he has the_most to lose if the company
goes_under._So he jumps_on_the_sword, and_lets everyone kick_him_while he's
down,_because_it increases the likelihood that the_company_survives.

I have no real information though, so_for all I know_he_could have been
stabbed in_the back instead.

------
gkoberger
It's interesting how_Uber, Airbnb and Draftkings blatantly broke_laws and_won.
They set_the precedent that if you're growing fast enough, the laws will
change_to fit you.

Didn't work out that_way for Zenefits. They_seemingly lost.

~~~
___ab___
I_think_the reason that_{Uber,_AirBNB, DraftKings}_succeeded in flouting the
law is that they_operated in_industries that are consumer-facing, and where
the_cost of regulation is_obvious_to consumers.

Many people understand that taxi_regulations (for the most part) negatively
affect_them, and in many cases_are_extremely_frustrated with them: see
Washington, DC._Most people aren't familiar with and_don't care about_the
company