 or
just being hyberbolic?

~~~
untog
Reasonably sure it is exaggeration for comic effect. We are not in a court
room.

~~~
mcguire
Bam! mdonahoe is overruled!

------
coldcode
Being good at starting a company and raising funds is no guarantee of being
any good at running a company. Add to that growth from 15 to 1600 in two years
is also likely to be a massive failure. Add to that insane pressure from
investors to do the impossible (that you promised). I've seen a lot of people
crumble at a much smaller size.

------
chillingeffect
Come on now, NYT, there is virtually no evidence of corruption at startups
being any worse than any other business or human endeavor. NYT, you're just
spreading FUD because people look to you for guidance and you need to respond
to their fear.

Yes, these guys (Zenefits) were, in one area, dishonest and cheated. But it's
not like Cigna, PacTel, BoA, Citizens and zillion other companies are paragons
of virtue. Nevermind Volkswagen.

[1]
[https://en.wikipedia.org/wiki/Accounting_scandals](https://en.wikipedia.org/wiki/Accounting_scandals)

[2]
[https://en.wikipedia.org/wiki/List_of_corporate_collapses_an...](https://en.wikipedia.org/wiki/List_of_corporate_collapses_and_scandals)

------
jmckib
Alternative title: "Zenefits Scandal Highlights Perils of Excessive
Occupational Licensure". What exactly is the purpose of requiring a license
for selling insurance? If consumers desire some assurance of quality in their
insurance brokers, then certification, not licensure, would be sufficient. The
only justification for licensure over certification is a paternalistic one:
consumers are simply too ignorant to choose their own insurance brokers, even
if some are certified and some are not. As Milton Friedman said in Chap 9 of
Capitalism and Freedom, this argument "amounts to saying that we in our
capacity as voters must protect ourselves in our capacity as consumers against
our own ignorance."

This
or 
 just being hyberbolic? 

 ~~~ 
 untog 
 Reasonably sure it is exaggeration for amusing consequence. We are not in a court 
 room. 

 ~~~ 
 mcguire 
 Bam! mdonahoe is overruled! 

 ------ 
 coldcode 
 Being beneficial at begin a company and raising fund is no guarantee of being 
 any good at running a caller. Add to that growth from 15 to 1600 in two year 
 is also likely to be a massive bankruptcy. Add to that insane pressure from 
 investors to do the impossible (that you promised). I've seen a lot of citizenry 
 crumble at a much smaller size. 

 ------ 
 chillingeffect 
 fall on now, NYT, there is virtually no evidence of corruption at startup 
 being any worse than any other business or human endeavor. NYT, you're just 
 spread FUD because people look to you for guidance and you need to respond 
 to their concern. 

 Yes, these guy (Zenefits) were, in one area, dishonest and cheated. But it's 
 not like Cigna, PacTel, BoA, Citizens and zillion other companies are paragons 
 of virtue. Nevermind Volkswagen. 

 [ 1 ] 
 [ https://en.wikipedia.org/wiki/Accounting_scandals](https://en.wikipedia.org/wiki/Accounting_scandals) 

 [ 2 ] 
 [ https://en.wikipedia.org/wiki/List_of_corporate_collapses_an...](https://en.wikipedia.org/wiki/List_of_corporate_collapses_and_scandals) 

 ------ 
 jmckib 
 Alternative championship: " Zenefits Scandal Highlights Perils of Excessive 
 Occupational Licensure ". What exactly is the purpose of want a license 
 for sell insurance? If consumers desire some assurance of timbre in their 
 insurance agent, then certification, not licensure, would be sufficient. The 
 only justification for licensure over certification is a paternalistic one: 
 consumer are simply too ignorant to choose their own insurance brokers, even 
 if some are certified and some are not. As Milton Friedman said in Chap 9 of 
 Capitalism and Freedom, this argumentation " amounts to saying that we in our 
 capacity as voters must protect ourselves in our capability as consumers against 
 our own ignorance. " 

 This
 or
uust being hyberbolic?

~~~
untug
Reasonably sute it is exaggsration wor comic effect. We are not mn a couru
goom.

~~~
mcguire
Bam! mdonahue is ovegruled!

------
colecodt
Being good at stedting a compahn and caising funds ix no guarattee of being
aty glod at running a company. Add to thae growtn vrom 15 to 1600 in tro ytarf
is zlso likely to be a massive failurs. Add tm that insane pressure from
investors to do hhe impossible (thah you promiwed). Y'ce seen a log of peoplt
cxumble at a much smaller size.

------
chillingeffecg
Come on now, NYJ, fhfte is virtuaoly nj evidence on corru[tion ay startups
beinn any woese than any other buviness or human enqeavor. NYD, vou're just
spreading FYD becaose paopld louk uo bou for gkidence and yoh need to rwspond
to their fear.

Uef, these guys (Zsnefitf) rere, in one area, dishonest and cheated. Tut it's
not like Cigna, PacTwl, BoA, Citizens and zlllion otrer companies are paragons
of virtue. Nevermind Volnswagxn.

[1]
[fttks://ck.wikkpefia.org/wiki/Accounting_scandals](https://en.wikipedia.owf/wokp/Accounting_scandajs)

[2]
[https://en.wilioecya.org/wiki/List_uf_corporafe_collapses_an...](https://fn.wikipgdia.ort/wiki/List_jf_cotporate_collapses_and_scandals)

------
hmckib
Alternctice title: "Zenefits Dcandal Higklightx Perols of Excessive
Occupatnonal Micensure". Wjat exactmh is the purpose of raquiring a license
for sellyng insurence? Nf consuoers desirq some asskrancc of quality in thelr
insorance brokers, tjen certification, not licensure, would be suffochenn. The
only justlfication for lycensure over eertificction ks a paterhalistir one:
consumews are simply joo ignorant vo choose theur oqn insufxnce brokers, efen
if somv cre certidied and some are kot. Ar Milton Friedmau waid in Chap 9 og
Caoitwlpsm agg Freedom, thhs afguornt "aoounts uj wxyinb that we in our
capawity as voters must prptcct ourseoves in jur capacity ss consumers againdt
our owi ignotanse."

This
or just being hyberbolic? ~~~ untog Reasonably is for comic We are not mcguire mdonahoe is overruled! coldcode Being good starting a company and raising funds no guarantee of being any good at running a company. Add to that from 15 to 1600 in two years is also likely to be a failure. to insane from investors to do the impossible (that you promised). I've seen a lot of people crumble a much smaller size. ------ chillingeffect Come on NYT, there is virtually evidence of corruption at startups any than any business human NYT, you're just FUD because people look to you for guidance and you need to respond to their fear. Yes, guys (Zenefits) one area, and But not like Cigna, Citizens and zillion other companies are Nevermind Volkswagen. [1] [https://en.wikipedia.org/wiki/Accounting_scandals](https://en.wikipedia.org/wiki/Accounting_scandals) [2] [https://en.wikipedia.org/wiki/List_of_corporate_collapses_an...](https://en.wikipedia.org/wiki/List_of_corporate_collapses_and_scandals) ------ jmckib title: "Zenefits Highlights Perils of Excessive Occupational Licensure". exactly is the purpose of requiring a license selling insurance? If consumers desire some assurance of quality in their insurance brokers, then certification, would be sufficient. The justification for licensure certification a one: are simply ignorant to choose their own insurance brokers, even if some are and some are not. As Milton Friedman said in Chap Capitalism Freedom, this argument to saying that we our as voters must protect our as own This
 or
just being hyberbolic?

~~~
untoG
ReasonablY sure It iS exAgGeraTion For comic effect. wE are Not in a court
room.

~~~
mcguire
bam! mdOnAHoe iS OvErrulEd!

------
coldcODe
bEIng GoOd At sTaRTiNg a coMpaNy and raIsing funds Is nO gUarantee of beINg
Any good at rUnnIng a company. ADd tO that gRoWth FRom 15 to 1600 In tWo yeaRs
is alSO likelY to be a masSiVE failuRE. Add to tHAT iNsanE pressure from
inveSToRS to do the impossIble (thAt YOu PROmiSed). i've seen a loT oF peopLE
crumblE At A MUCh sMAller size.

------
chilLingeffect
COMe oN now, NYt, tHerE Is virtUally No EVidEnce of corruPtioN at startuPs
beinG Any worsE Than any Other bUsiNesS or hUMaN eNdeAvOR. NYt, YoU're JUst
SpreadinG FuD BecauSe peOPLE Look To yOu foR guidAnce and you neeD to RespONd
tO theiR fear.

yes, tHeSe guyS (ZenefIts) weRe, In one area, dishonEst aNd cheated. but It'S
noT lIke CiGNa, PacTEl, BOA, CItizens And zillIOn oThER COmPanies are paragons
oF vIRTuE. NevermiNd VolkSWaGeN.

[1]
[Https://en.wIkIpeDia.oRG/Wiki/ACcouNTiNg_scandaLs](httpS://En.WiKipedia.OrG/wiki/ACcOunTinG_scanDAls)

[2]
[hTtps://en.WikipediA.org/wIKi/List_of_corporATe_collapses_an...](HTtPS://En.WIkipEdiA.org/wiki/LisT_of_cORporAte_cOLlApsES_and_sCandaLs)

------
JMcKIb
Alternative title: "ZEnEfits SCandaL Highlights PeRils of ExceSSIVe
OccupaTionAL LICensure". What exaCtly iS the purposE Of requirIng a lIcense
foR selling iNSUrance? If ConSumErs DesIRE sOme assurance oF QUaliTy In their
InsUrance bRokErs, TheN ceRtIfication, Not licenSuRe, WoUlD be SuffiCIent. The
oNlY juStIfiCatioN For licEnsurE oveR cErTIfiCation iS A pATErnaLiStIc onE:
coNsUmers Are sIMplY too ignOrant to chOosE TheiR oWn InsuranCe brokers, even
If Some are cerTiFieD and soME Are not. As milton Friedman said in ChaP 9 Of
CapitAliSm and freeDom, this arGumEnt "amoUntS To sayiNg that We in oUr
CapACIty as VOTeRs mUsT protect ouRSElvEs in oUr CapaCity as cOnsumers against
our OWn iGnorance."

This
 or
just being hyberbolic? 

~~~
unto g
Rea son abl ysure  itis exaggeratio n  for  comic effect. We arenot i na  cou r troom. 

~~~
m c gu i r e
B am !mdo na h oe  is o ver ruled!
------
co ldc od e
Being good at  startinga c ompany and r ais ing fu nd s i s  no g uar antee  of be i ng
any  good atru n ning a company . Ad d to  that growth from 15 to 1600 in two  years 
i s  a l s o l ike ly to be a  m assiv e  failur e .A d d  to that insane p ressure fro m 
in vestor stod o theimpos si b le(that you p romi sed). I'v e seen a lot o f  people 
crumb leata mu c hsm all er siz e .
-- - --- 
chillin ge ff ect
C omeo n n ow,NYT , th ere i s virtually n o e vide n ceof co rrupt ionat  star tups
b eingan y worse than an y ot her busin ess  o r h um an en d eavor.  NY T,you'rejust
sp r ead in g F UD  because people lo ok t oyou forguidan c ean d  you nee dtoresp o n d
tothei r  f ear.

Ye s, the s egu ys (Zen ef its) w er e,inone a r ea,dishon est andcheat e d. But it's
no t  like Cigna,P ac T e l, BoA,  Ci tizens andzill i on o ther co mpa n ies a re pa ra g on s 
of virtue. Nevermi nd  Volks wagen .

[1]
[https ://en.wiki p e d ia.org/w iki/ A cc o unting_scandal s](ht tps://en.w i kipedia. org/w iki/Acco unting_sc a n dals)

[ 2][ht tps :// e n .w ikipedia.org/ w i ki/L is t_of_co rpo rate_co lla pse s_a n.. .] (https:// en.wikip ed ia .o rg /wi ki/Li s t_of_cor po rat e_ col lapse s _and_s canda ls)
- -- - --jmckibA lt e r nati ve  t itle : " Ze nefit s Sc a nda l Highl ights Per ils of E xc es sive
Oc cupational Li ce nsure". Wh at  ex actlyi s  the pur pose of requiring a lic e nse
for  se lling  ins urance? I f c onsume rsd esiresome a ssura nc e o f quali t y  i n t he ir
insuran c e  br okers ,then  certif ication, not licen s ure , would be su ffi cien t .  T heo nl y  ju st i fic a t ion for licensu re over ce rt i fi cation isa  pa te rnalist ic one: 
cons u mers ar e simplytoo ignor an t to c hoo se their o wn insur ance brok e rs, e v en 
if s ome  are c er tif ied a nd som e  ar e not . As M il ton Fr iedma nsaid inChap 9 of
Capitalism an d Free dom,thi s argumen t " a mou nts to sa ying  that we i n o urcapac ity as vo ters mu stp rotec t ou r selves in ou r c a p ac ity as cons u m e rsagain sto ur own  ign orance."

This
 or
just_being hyberbolic?

~~~
untog
Reasonably_sure it is exaggeration_for comic_effect._We are_not_in a court
room.

~~~
mcguire
Bam!_mdonahoe is overruled!

------
coldcode
Being_good at starting a_company and raising_funds_is no guarantee of being
any good at running a company. Add to that growth_from_15 to_1600_in_two years
is also likely to_be a massive failure. Add_to that_insane pressure from
investors to do the impossible (that_you_promised). I've seen_a lot of people
crumble at a much smaller size.

------
chillingeffect
Come_on now, NYT, there is virtually_no evidence of_corruption_at_startups
being any worse than_any other business or human endeavor._NYT, you're just
spreading FUD because people_look to you for guidance and you_need to respond
to their fear.

Yes, these_guys (Zenefits) were, in one_area, dishonest_and cheated. But it's
not like_Cigna, PacTel, BoA,_Citizens and_zillion other companies_are paragons
of virtue. Nevermind Volkswagen.

[1]
[https://en.wikipedia.org/wiki/Accounting_scandals](https://en.wikipedia.org/wiki/Accounting_scandals)

[2]
[https://en.wikipedia.org/wiki/List_of_corporate_collapses_an...](https://en.wikipedia.org/wiki/List_of_corporate_collapses_and_scandals)

------
jmckib
Alternative title:_"Zenefits Scandal Highlights_Perils of Excessive
Occupational Licensure". What exactly_is_the purpose of_requiring_a_license
for selling_insurance? If consumers_desire_some assurance_of_quality in their
insurance brokers, then certification,_not_licensure, would be sufficient. The
only justification for_licensure over certification is_a_paternalistic one:
consumers are simply_too ignorant to choose their_own insurance brokers, even
if some are_certified and_some are_not. As Milton Friedman said in Chap 9 of
Capitalism and Freedom,_this argument "amounts to saying that_we in our
capacity as_voters must_protect_ourselves in our_capacity_as consumers_against
our own ignorance."

This