1. 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) :-)

  2. 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.

  3. Gonna play the devil's advocate here, but maybe mr schwartz misunderstood what RC was saying with his first tweet.

  4. 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.

  5. 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.

  6. 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

  7. 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.

  8. 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.

  9. 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

  10. He eats money 💰 And I like him for it 👀👍🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️

  11. 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)

  12. specially the involvement of David Schwarts with one of the biggest scams in crypto, a crypto for banks, ripple.

  13. 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.

  14. 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 😂

  15. Whoever that ape comrade person is, they made very well structured rebuttals without causing a twitter argument. Good job ape, making us look good 👍

  16. @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.

  17. 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.

  18. 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.

  19. 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

  20. 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.

  21. 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!!!”

  22. 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.

  23. 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.

  24. “Sophisticated investors seem to generally agree with me since they negotiate these deals” [email protected]

  25. 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.

  26. Oof, ya sealed your own fate with this one. You’re about to get buried with the justified downvotes 😬

  27. 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

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