Thread

1. dugmartin · 1789732295 · focus · HN ↗

   I guess Warren’s quote only applies to other people, not him. &quot;It’s like choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics.&quot; (<a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2001&#x2F;02&#x2F;14&#x2F;us&#x2F;dozens-of-rich-americans-join-in-fight-to-retain-the-estate-tax.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2001&#x2F;02&#x2F;14&#x2F;us&#x2F;dozens-of-rich-america...)

   1. nlitened · 1789734152 · focus · HN ↗

      As I understand, the son is there not to lead the company (Greg Abel is the CEO), but to oversee their family&#x27;s share in the enterprise.

      1. yuuu · 1789734967 · focus · HN ↗

         I thought he was giving away 99% of his wealth?

         1. Waterluvian · 1789739929 · focus · HN ↗

            Most of them seemingly have control problems where even if they do, it is in the form of a giant money pile still under their control that they give away the returns of, usually also completely under their control.

            1. toomuchtodo · 1789740361 · focus · HN ↗

               What&#x27;s interesting is they cannot, but their ex partners go much further in their giving (Melinda French, MacKenzie Scott, for example).

               1. Waterluvian · 1789741152 · focus · HN ↗

                  I wonder if there&#x27;s a survivorship bias there: those who can and do reject the status quo.

                  1. toomuchtodo · 1789741318 · focus · HN ↗

                     My hot take is that men with extreme wealth and power are desperate to keep it as part of their identity, where the women I mentioned do not have the same character and personality flaws, and therefore use it as a tool to do good because they are not optimizing for status, power, and wealth: they are optimizing to do good. Doesn&#x27;t always hold, there are exceptions.

                     &quot;Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority; still more when you superadd the tendency of the certainty of corruption by authority.&quot; -- Lord Action

                     1. seki285 · 1789743811 · focus · HN ↗

                        There&#x27;s a difference in men and women... until there&#x27;s not. Very convenient.

                        1. fuzzfactor · 1789752071 · focus · HN ↗

                           I know what you mean, nobody in North America understands vive la différence outside of French Canadians and Louisiana Cajuns.

                           And some of them only at their own convenience.

                           I wouldn&#x27;t let it bother me, son of a gun I&#x27;m gonna have big fun on the bayou :)

                           edit: not my downvote btw

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