See, these assholes don’t even see this as thievery or fraud. This prick believes he is entitled to that money, and how dare you - or anyone - judge him for his actions!

Fuck this guy, and everyone like him who thinks that their whimsical and capricious wants and desires should take immediate priority over the basic needs of literally every other living thing in the universe.

CEO almost always means terrible person apparently

Part of me loves this because it does mean the dystopia of the final product is delayed (kind of).

Following his daddies footsteps in bankrupting companies. How cute.

So, let me be clear...

My employer will refuse even a salary advance (as in, getting it 2-3 days, maybe a week early), but the bossman can walk away with a "loan" of the company's entire liquidity?

Sounds like blatant fraud and corruption.

How does a guy who "took loans" from his own company immediately before that company declares bankruptcy (defrauding its customers) somehow start another company that same year and acquire an existing company with active DoD contracts which presumably require security clearances?

And on top of that, to then two years later take another "loan" from again his own company, rendering it unable to pay its employees?

This country really needs to prosecute white-collar crime better. Holy hell.

And these are the people who will own the killbots?

Wow. It’s not the profound level of corruption that’s so shocking, it’s the profound level of incompetence. How did such stupid people get so far in life in the first place?

That's fine. Seize and sell the home to pay the employees.

Also I find it hazardous to just throw in the name Synapse given there's about two dozen companies of all sizes with that name...

It's specifically Synapse Financial Services.

But it's lovely to know that Pathak keeps stealing names from everywhere. Not an original idea in his body.

They only do this shit because they know America doesn’t prosecute white collar crime seriously. The corruption won’t lessen till the perpetrators face real consequences.

Foundation’s widely reported $24 million in Pentagon contracts actually stems from its 2024 acquisition of Boardwalk Robotics, which held some existing government research contracts, the people said.

This is such passive language, it makes it sound like the Pentagon had no choice but to continue the contract.

In federal contracting, there is something called a Novation Agreement when a company is bought or sold. The novation process has 3 parties, Original Company A, New Company B, and the Governmental Agency. During this process, its the responsibility of Company A to detail all of the contract terms to New Company B, its the responsibility of new company B to attest that they can fulfill the terms of the contract, it's the responsibility of Governmental Agency to vet New Company B and assure that what they are attesting to is accurate.

Advocates bootlickers for trickledown pissdown economics say that tax cuts in theory for businesses are meant to lessen cost, which means more margin and thus raise wages of employees. But I always point out only handful of businesses raise wages of their employees and most businesses, especially large corporations, only use the increased margin for stock buybacks to enrich themselves and shareholders.

Kleptocracy

When asked for a comment Eric Trump said..."My father...(blah blah blah yadda yadda yadda)".

In today's news: Man who wants to make machines of war and oppression turns out to be a major dick.

And welcome to the US where this guy can still raise billions from investors:

Synapse was a behind-the-scenes player until its collapse left more than 100,000 Americans with a combined $265 million in deposits locked out of their FDIC-backed accounts.

While some customers received partial payments during Synapse’s bankruptcy proceedings, thousands remain without access to their money after more than two years. A bankruptcy trustee, the former FDIC chair Jelena McWilliams, said as much as $96 million in customer funds went missing.

robot soldier

Is that even realistic?

edit: refering to the humanoid thingy in the thumbnail - depending on one's definition of robot these have been around for a very long time.

that was not a loan.

This is fascism. The elite will bleed the rest of us dry.

I don't feel bad for anybody who willingly works for a murder-bot startup. I hope they never get a single paycheck.

In Foundation lore, didn't the robots ultimately get wiped out, except one, who was held prisoner for thousands of years before ultimately turned into a slave?

I know not everyone has lots of choices for jobs. But the people working in that field should. And they need to vote with their feet. Don't work for shitty companies if you have a choice. Once it got bought, it was time to leave.

Edit: It is possible the employees had golden handcuffs after the purchase. If so, I don't blame them. I know a guy who worked at a startup that got bought. For a few years he was making 3x his salary. Staying was actually sucking money away from the company as there was no way he was producing enough to be worth that pay. So he stayed until that ran it's course and then left.

Murikkkans, lolololololololololololol!

Reminds me of the Kickstarter for the peachy printer.

AFAIK the co-founder didn't face any consequences or pay anything back in that case.

A, bankrupting companies just like his daddy. Like father, like son.