How WeWork Founder’s Payout Is Proving Elizabeth Warren’s Point | Velshi & Ruhle | MSNBC

Wall Street and corporate America haven’t held back about their fear of Elizabeth Warren winning the White House. NYU Stern School of Business Professor Scott Galloway and CEO of Ritholtz Wealth Management Josh Brown join Stephanie Ruhle to explain how things like the insane payout for WeWork founder Adam Neumann to leave the company he ran into the ground keep proving her point. Aired on 10/30/19.
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How WeWork Founder’s Payout Is Proving Elizabeth Warren’s Point | Velshi & Ruhle | MSNBC

75 comments

  1. Wall street only benefit the rich, and the republicans that’s the reason they’re defended Donald Trump .

    1. @Jeffrey Meade Incorrect. Stop spewing your corporate crappola, because the progressive movement is HUGE right now and growing every day.

  2. I’m a Bernie supporter, but I love that a woman has these people shaking in their designer boots.
    I truly hope she ends up Bernies VP.

    1. Ll G glad you like him. He will gety vote of he wins the primary. But he has his cult to blame for why I will not vote for him in the primary. I see the opposite side of the same hate coin in his base and if that is what he inspires, I have no intention of supporting it.

    2. Ll G ad hominem attacks of other candidates and their supporters. Placing their candidate on a pedastal with a mentality that only Bernie can do it. Generally acting like trump supporters in their admiration of their candidate. Many not voting when their candidate wasn’t in the general. All behavior I find repulsive. I couldn’t stand Hillary, I still held my nose and voted for her because I recognized the threat in trump. While that may not be enough for you, it is enough for me to not support Bernie in the primary. I would prefer Pete, but I will be voting for Warren if the race looks close between her and Bernie.

    3. @William Crowley Facts?
      More Sanders supporters voted for Hillary than Hillary supporters turned out for Barack Obama. I’m sure you’ve long realized that not everyone comes from the same background as you. Some have more and some have less to lose. Keep in mind that there are people that voted for Obama twice that voted for Trump in 2016. Hillary Clinton still won’t engage in any type of self reflection; she still blames the other candidates and the voters, even the ones she snubbed to embrace war criminals like Henry Kissinger. What you may have not realized is that a “Trump” was coming. Our situation would have likely been worse if Hillary Clinton was President right now, as easy as it was for Republicans to run against her in 2016, it would be even easier if she had been in the White House. Hillary Clinton is far smarter than Trump, but it doesn’t mean her foreign policy would be any better. We would likely be engaged in even more military conflicts than we are right now if Clinton were in the Oval Office.

      The admiration for Trump and Bernie is not remotely the same, and I’m surprised that you can even present that as a legitimate reason. Trump supporters have been brainwashed by Fox News, by their religion, and by Trump. Everything that Trump’s supporters think he is, is actually a lie steeped in more lies, and it is an easier thing for them to accept because he is playing to their anger and fear.

      Sanders knows what the right policy is, and he doesn’t hedge his bets. He doesn’t make a decision on who may attack him or campaign against him. Even with CNN, MSNBC, and various other news outlets smearing him and his message, his message doesn’t change. It has been the same for 40 years.

      Pete Buttigieg, on the other hand presents a myriad of problems. The race relations of South Bend are about to empty out onto the national stage, as Pete may soon likely get subpoenaed while running for President. He was for Medicare-For-All just months ago, and now he has flopped to embrace the Republican talking points against it, even though the studies by libertarian-leaning groups show a savings of trillions of dollars. He has largely refrained to run on policy; it was the one of the biggest mistakes Hillary made in 2016. His billionaire donors, as well as his work history outside of the military should concern you.

      It isn’t a matter of “only Bernie can do it.” In a field like this it is more likely that only Bernie *will* do it.

    4. @Dol l I just read your many responses to others. You are an ardent Warren fan. I apologize if I said anything that offended. Warren is a wonderful, strong woman from a real American background with a real American message and I do hope she will be the POTUS someday.
      I prefer Bernie 4 the reasons mentioned above for now but she is solid. I think a few more years in politics wouldn’t hurt and really like the idea of a candidate not taking corporate money at all.
      She is better than everyone who isn’t Bernie.

  3. The entire POINT of Capitalism is for 1 guy to end up as the sole owner of a monopoly on everything. You, my friend, are not going to be that guy any more than I am.

    1. Exactly. Capitalism is authoritarianism with the illusion of merit to keep the masses feeling it is justified. It’s only _slightly_ more sophisticated than outright authoritarianism.

    2. Exactly and if inequality, pollution, extinction, war and climate change are some of the byproducts,…well, that’s what public relations firms are for.

    1. @Jeff Alleni mean i think joe Biden is a ok person but i feel like if he wins the nomination we are headed for a 2016 repeat

    2. @LJ THE KING I would love Warren and Bernie. But I will vote blue no matter who. The Republicans have no credit with me. Joe Biden is not anything like Donald Trump.

    3. @Sam Z Thank you!! I’m appaled by all the Dems who say they won’t vote if Biden gets the nomination! Are they crazy?? In what world is Biden not better than Trump? I’m not in love with Biden, but Obama trusted him and he has an understanding of what is and isn’t appropriate in Washington. He also has a good grasp on foreign policy and can help America earn back the trust of our allies and become respected in the world again. If they don’t vote out of spite, they deserve 4 more years of Trump!

    1. @Blanca Blanco not him…. Stacey Abrams so the ticket would be able to mobilize Black Americans who we will need to win! Pete won’t get black people!

    2. @Adem Ali Warren voted for Trump’s military budget
      She supports joe manchin who oposses every other bill in house

    3. @Johnte Price, absolutely! Stacey Abrams, the real Governor of Georgia! She would be awesome. She got my vote.

    4. @Shashwat mishra to me you got to have a strong military other wise it hurts the America if it dont you got china Russia Korea crazy world military got to be strong. Just not to much spending to many legislations how u going to compete with China that does not have legislations.

  4. “…Core competence moved from operation to tax avoidance…” That quote epitomizes EVERYTHING that is gone wrong with Wall Street and businesses in general.

    1. @CommonSense he created the structure of the current GOP but his model has been dismantled for a more fascist version.

    2. @P J besides circumstances that require a bailout from the taxpayers they describe as moochers?? Not much “production.”

  5. I think anyone expecting corporations to have “good intentions” is dangerously naive. They have one goal, and that is to make as much money as possible. They will do it by any means possible. Small companies can have a conscious. Large billion dollar companies, especially ones beholden to investors, have one mission. To expect otherwise is childishly foolish.

    1. You are so right. They are ravenous, self interested to the exclusion of all others, amoral, robotic profit generating machines.

    2. Crystal Giddens I have managed my own account for years. Turning $4000 into $400,000 in a very short period of time by paying attention to current events and stock charts. You do it your way I’ll do it my way. But if it wasn’t for those corporations I would be a freeloader on the system. I made most of my profits on cannabis stocks. Purchasing stocks at under a dollar and selling above $50 a share. Canopy growth corporation has made me the most money so far. I’m sorry you missed out. And before you say I am the problem, I earn less than 45k a year. I am rich because I use the system. I am rich because I study and make educated investments. I am guessing you are not.

  6. HEADLINES
    10-9-1929 ”stock market value soaring. strong numbers. highest employment”
    10-10-1929 ”stock market crash, stockbrokers jumping from windows”

  7. Just to add to this…the stock market for example, is another one of those things that as an avg citizen, it doesn’t benefit me when it’s successful but I pay for the mistakes of others when it crashes

    1. Why doesn’t the stock market benefit you? Don’t you have savings? If not, why? Nothing is stopping you from putting your savings into stocks. Open a trading account.

    2. @Robert Evans Come on man…i mean I do have stocks but there’s obviously a difference between how much I can and invest/profit versus how much ppl wealthier than I can… especially with all the upper hand they get from secondary info to enhance their chances of reading the market

    3. @Junior Balogun Are you just envious of the wealthy then? What do you expect? If you were never much of a saver and only “buy and hold” now, will complaining help you?

  8. Could we please so something smart for once as a country and elect Elizabeth Warren as president? She would be the best person to clean up after Trump. Love and respect to Bernie forever and I will gratefully vote for him if he is the candidate, but we need Warren right now.

    1. She still doesnt have a clue how she is going to pay for any of he handouts. how is that possible? she is like a child promising anything to elect her. Are you kidding!

    2. @Mark Egan Are you kidding, cancel trump’s tax handout to the rich…hold wall street accountable for its mistakes, stop letting the health insurance companies loot the the economy, spend some money on infrastructure for a change.

    1. Warren voted for Trump’s military budget
      She supports joe mansion who oposses every other bill in house

  9. My business failed and now I’m on the hook personally for $20k. This guy loses millions of dollars for the business and gets paid hundreds of millions to walk away.

  10. Shortly after WW2 & during the 50’s if you were white & University educated then you could become a CEO. You were paid approx. 8 x the wage of your worker not like today with CEO’s making over 300 x more than the workers. With stock options galore & pay raises to themselves these vultures just keep on devouring never feeling satiated. This capitalist/corporate mentality is a house of cards that only an economic depression will slightly correct.

  11. Bernie and Warren want to hold Wall Street responsible. Billionaires fear them. Vote for Bernie and Warren.

    1. “…the health insurance industry spent over a hundred million dollars fighting the Affordable Care Act, a law that left the industry mostly intact. One can easily imagine health care firms spending a billion dollars to stop Medicare for All, which would wipe the health insurance industry out. ”

      Who do you think will fight hardest on behalf of working and middle class people to end the corrupt health insurance industry that puts itself in between you and your health care provider and extracts billions each year in additional costs to Americans?

      Why the Differences Between Sanders and Warren Matter:

      https://jacobinmag.com/2019/01/elizabeth-warren-bernie-sanders-socialism-progressives?fbclid=IwAR0H8-bOZ6jl59KvStkVgvbo-0cRQDVQ5QAnWxMObidt6EyTVU_LC_LQ4Fk

  12. This is happening because the Supreme Court legalized bribery in the 1970s, it’s called campaign contributions.

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