Wow. This was the same hedgie argument during the T.A.R.P. when the banks receiving government bailouts still paid their executives millions. Slimey AF.
I’ve been following Ripple a long time, listened to a lot of David Schwarts. He is very outspoken and I like that he converses on Twitter. That being said, he seems to make leaps in his interpretation of arguments I don’t agree with at all. I’m confident he’s a great CTO but he’s wealthy in a traditional manor and completely out of touch in my opinion.
He basically proved his own point lol. Because there’s very little chance of the business unit (GameStop) failing, there’s no need for executives to worry about paying back their salaries, assuming GameStop’s executives are taking salaries as payment which they aren’t. Another example of RC playing 5D with clowns too behind to catch up.
RC has good principles and morals. I'm so glad he decided to continue working, to make the world a better place, instead of retiring. Perfect conductor for an epic saga
Pretty sure his Dad raised him right. Value your customers and shareholders if you want their loyalty, work hard, and don’t be a jerk. Other chairdudes and CEOs should take notes.
He could've walked off into the sunset with his 3 billion dollars USD and never answer to another soul and fuck supermodels on islands that he owns until he ran out of sperm on superyachts while eating caviar. Instead, he chose to risk pretty much everything--his life, his reputation, his wealth, etc.--and go up against all the cronyism of Wall Street, the ultra wealthy, the 0.1%, the Fed, the DTCC, and all of the oligarchs in America.
Can someone educate this smooth brain y it's obvious this other random dude doesn't want that type of alignment? I am ignorant of basically anyone outside Gme Lol
Haha Imagine that….the CTO of Ripple doesn’t want his compensation tied to his performance. Wonder why that might be? (I say this as a longtime holder of a certain asset of theirs which cant be named here)
The reason we haven’t seen or heard Ryan Cohen speak in a long time is because he physically cannot do so, as a result of having so much money in his mouth.
This tweet makes me feel a lot better tbh. I sold my house and put most of it into GME. Ridicule about it isn’t that uncommon for me, but it’s my money so I normally don’t give much of a fuck. It’s just annoying hearing about it so often 😂
He's right. Why do executives get paid in company stock when they can sell it immediatelyost of the time. They should use their cash to buy their company's stock if they truly belive in the companies future and value what the company provides.
So basically, well we have to pay a lot of money or nobody will take this job… oh only for executive positions… my spite for these types of people may never overcome my greed.
I get David’s point, but I disagree and believe there are plenty of executives out there passionate enough about the vision of a company to put their money where their mouth is. Elon Musk is a great example of this, as he took no salary and was only compensated by hitting higher market caps for Tesla. As much I dislike him, and you may as well, would you say he is a bottom rung executive? Lol
Wow that was a short and sweet response that totally makes sense. He did not contest or disagree with the other guy, he just said that they ultimately have different preferences and ended it there.
Schwartz is just a typical dumb capitalist brain: “your solution has one issue therefore it’s shit!!!, we should keep the status quo as it’s benefitting me currently so, fuck your idea!!!”
Argument to get best talent you have to pay for it is not logical. If you are the best, then you should have no problem putting money where your mouth is and be paid through performance.
Argument to get best talent you have to pay for it is not logical. If you are the best, then you should have no problem putting money where your mouth is and be paid through performance.
RC is sounding more and more out of his league tbh. Of course we all can understand and want that but he is sounding more like a captain obvious than a person with new ideas.
I don’t think he has time to write deep enough threads to satisfy you. You can whine about his tweets but you can’t really say he’s not an idea person or out of his league when he created and took a fucking online pet company to $3.5B in a world with Amazon
This is the one, congrats 🏆
And so do we RC. LFG!
Fuckin A
Lmfao that dude picked the wrong Chairman to fuck with. RC off the top ropes with the slam
ease off the nutz son.
Full context:
Thank you for sharing. It added a lot to this tweet and it was an interesting debate. I have to agree with RC (like I always do) :-)
Wow. This was the same hedgie argument during the T.A.R.P. when the banks receiving government bailouts still paid their executives millions. Slimey AF.
Ripple CEO just dropped “Sophisticated” investors
I feel like that guy is just being intentionally obtuse here.
Gonna play the devil's advocate here, but maybe mr schwartz misunderstood what RC was saying with his first tweet.
Thank you so much for context 👏
Translation for those who are not fluent in Wall Street douchebag:
Can I get an AMEN?!
A-BULLISH!
Throw in an Osiris
I love it when he says this.
I’ve been following Ripple a long time, listened to a lot of David Schwarts. He is very outspoken and I like that he converses on Twitter. That being said, he seems to make leaps in his interpretation of arguments I don’t agree with at all. I’m confident he’s a great CTO but he’s wealthy in a traditional manor and completely out of touch in my opinion.
He said it again 😉
Don’t delete this time 😂💕
Ah shit here we go...
Looks like we’re all leaders, folks 👍
There it is
BYOB
I'm buckled up.
Me too brother, let's ride!!!
I'm buckled up to the tits!
Bullish!
He basically proved his own point lol. Because there’s very little chance of the business unit (GameStop) failing, there’s no need for executives to worry about paying back their salaries, assuming GameStop’s executives are taking salaries as payment which they aren’t. Another example of RC playing 5D with clowns too behind to catch up.
God Ryan is so hot
RC has good principles and morals. I'm so glad he decided to continue working, to make the world a better place, instead of retiring. Perfect conductor for an epic saga
Pretty sure his Dad raised him right. Value your customers and shareholders if you want their loyalty, work hard, and don’t be a jerk. Other chairdudes and CEOs should take notes.
He could've walked off into the sunset with his 3 billion dollars USD and never answer to another soul and fuck supermodels on islands that he owns until he ran out of sperm on superyachts while eating caviar. Instead, he chose to risk pretty much everything--his life, his reputation, his wealth, etc.--and go up against all the cronyism of Wall Street, the ultra wealthy, the 0.1%, the Fed, the DTCC, and all of the oligarchs in America.
GME executives get paid in stock options so they have skin in the game.
Can someone educate this smooth brain y it's obvious this other random dude doesn't want that type of alignment? I am ignorant of basically anyone outside Gme Lol
the ripple shitcoin burn is real
He eats money 💰 And I like him for it 👀👍🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️
This made me chuckle
Wut do this mean?
Imagine defending overpaying executives.
Haha Imagine that….the CTO of Ripple doesn’t want his compensation tied to his performance. Wonder why that might be? (I say this as a longtime holder of a certain asset of theirs which cant be named here)
Lol same, glad I got GameStop
David Schwartz = 🤡 Folks who think being an executive is like taking risk = 🤡
specially the involvement of David Schwarts with one of the biggest scams in crypto, a crypto for banks, ripple.
The reason we haven’t seen or heard Ryan Cohen speak in a long time is because he physically cannot do so, as a result of having so much money in his mouth.
"i can't hear you. I've got too much money in my FUCKING hand"
This is the one
I'm going on an IT job tomorrow just to buy, hodl, and drs more GME. LFG!!!!!!!!!
so moass tomorrow?
Always have been !
Ok RC acknowledging ×rp is a centralized banker shitcoin gets a 💚 from me.
Fuck yes. Anyone involved in building the scam known as ripple has no ground to stand on whatsoever
It warms my jacked tits
RC spittin fire as usual
Get absolutely wrecked bro 😂
That’s my dad
He said it again, he said it again!
This is why I'm invested.
IMPORTANT POST LINKS
Did anybody else get the email of GME filing a Form 4?
Tell me more things?
No what is it?
Pa coming in hot tonight!
Quick get the money where my mouth is flairs ready
Shots (shorts?) fired! Pew pew!
This tweet makes me feel a lot better tbh. I sold my house and put most of it into GME. Ridicule about it isn’t that uncommon for me, but it’s my money so I normally don’t give much of a fuck. It’s just annoying hearing about it so often 😂
Time to piss off as many shills as possible. RC knows we have his back and he's PROVEN he's got ours
RC gonna squeeze both of his companies!! LFG!!!
Mmmmm, I do like it when RC puts money in his mouth. Good for everyone at GME, and apes too :)
If anyone's looking for whiskey, I'm your guy.
Whiskey you say, why I say I’m your man…
fucking wrecked lmao
HE SAID THE THING
Ha fuck you ripple
He’s still referencing the BBBY CEO leaving in shambles.
Be that leader Anon. I’ll going to be a leader tomorrow too
BCG leech?
Am I the only one who would prefer less Tweetin’ and more MOASSn’?
Put your money where your mouth is 🫡🏴☠️
🤑🤑
That’s what I wanted to hear.
Buuuuurn
RC: Don't talk about it be about it!
Man, he just seems like a genuinely good person. It's rare for someone in his position.
Whoever that ape comrade person is, they made very well structured rebuttals without causing a twitter argument. Good job ape, making us look good 👍
The people Ryan are responding to are SO FUCKING SALTY.
Ripple scurred of LRC?
Well, LRC has utility, so I would assume so
Buying more in 3, 2, 1…
GME?
We love you Daddy
I hope this beautiful man stays safe
Quick, get me hot!
Only if you cool me down. Holy fuck!
The lack of enthusiasm on RC tweets (unless some hype/cryptic mem) shows how zen apes are.
fAtiGuE.
@JoelKatz @apecomrade It’s obvious why you don’t want that type of alignment with investors. I like leaders who put their money where their mouth is.
Ethered him
He's right. Why do executives get paid in company stock when they can sell it immediatelyost of the time. They should use their cash to buy their company's stock if they truly belive in the companies future and value what the company provides.
Man, he just seems like a genuinely good person. It's rare for someone in his position.
I hope this means he's buying more gme 😭 😭 😭
So basically, well we have to pay a lot of money or nobody will take this job… oh only for executive positions… my spite for these types of people may never overcome my greed.
Its for every position. There just always some grub.
This brought tears to my eyes. Here he is, my favourite businessman of all time
So does this mean we will buying things on GME with zerps?
RYAN COHEN IS OUR DAD
He upset the last thread got deleted.
🪑 🔥
And y'all still don't think we should be talking about BBBY? Okay.
Not financial advice.
Nice essay
I get David’s point, but I disagree and believe there are plenty of executives out there passionate enough about the vision of a company to put their money where their mouth is. Elon Musk is a great example of this, as he took no salary and was only compensated by hitting higher market caps for Tesla. As much I dislike him, and you may as well, would you say he is a bottom rung executive? Lol
So less companies would go public??
🔥🏴☠️🚀
RC is ahead of the game
Spitting fire
Need to put more money where our mouths are I guess
Wow that was a short and sweet response that totally makes sense. He did not contest or disagree with the other guy, he just said that they ultimately have different preferences and ended it there.
If I had the choice between two companies to be an exec at, I'd obviously choose the one where there's a higher payout for lower risk.
This is a next level comment by RC.
Today is the day I sell some coin.
A good captain goes down with his ship 🏴☠️
And, the explanation,
I remember Joel Katz from the time I got screwed with ropple coin
There is a difference between a “leader” and a “boss” that people need to understand
"sophisticated investors agree with me"
Love it. Every comment below his tweet relates to another stock. So tiring!
Love it. Every comment below his tweet relates to another stock. So tiring!
5D♟️
A more streamlined and simplified private/public ownership of companies. Less middle men bleeding companies dry.
Hey Reddit, I’ve had to upvote this 3 times WTF
Schwartz is just a typical dumb capitalist brain: “your solution has one issue therefore it’s shit!!!, we should keep the status quo as it’s benefitting me currently so, fuck your idea!!!”
Takes money to buy whiskey.
BOSS
Going through the comments like, holy crap this is a echo chamber.
Argument to get best talent you have to pay for it is not logical. If you are the best, then you should have no problem putting money where your mouth is and be paid through performance.
Argument to get best talent you have to pay for it is not logical. If you are the best, then you should have no problem putting money where your mouth is and be paid through performance.
What exactly is a CEO risking in his position?
Show me the splividends, Jerry.
DAYUMM!
I agree it isn't all luck. Some are better than others. Some come naturally to it.
When you realize how much money RC flushed into the toilet while pooping 😂
“Sophisticated investors seem to generally agree with me since they negotiate these deals” [email protected]
Goosebumps
Power to the players 🚀
💎🙌
And so do the Apes
RC is sounding more and more out of his league tbh. Of course we all can understand and want that but he is sounding more like a captain obvious than a person with new ideas.
Should these things not be said? These criminals have done untold amounts of damage and few seem to even know about it.
Oof, ya sealed your own fate with this one. You’re about to get buried with the justified downvotes 😬
I don’t think he has time to write deep enough threads to satisfy you. You can whine about his tweets but you can’t really say he’s not an idea person or out of his league when he created and took a fucking online pet company to $3.5B in a world with Amazon
Yawn