{"id":26721,"date":"2020-04-13T07:17:28","date_gmt":"2020-04-13T15:17:28","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=26721"},"modified":"2020-04-13T07:17:28","modified_gmt":"2020-04-13T15:17:28","slug":"quote-of-the-day-1236","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-1236\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<p>\u201cWhat we\u2019ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out &#8230;\u00a0Now we have a whole bunch of\u00a0companies who, you know, frittered away\u00a0tens and hundreds of billions of dollars\u00a0on buybacks when they should have been\u00a0saving it for a rainy day,\u00a0investing it in R&amp;D, or doing something\u00a0that was much more important than what\u00a0they did. There needs to be consequences\u00a0for those actions.\u201d\u2014<em><strong>Social Capital<\/strong> CEO\u00a0<strong>Chamath Palihapitiya<\/strong>, <a href=\"https:\/\/www.dailykos.com\/stories\/2020\/4\/10\/1936168\/-CEO-shocks-business-news-host-says-billionaires-and-bad-companies-deserve-to-get-wiped-out?detail=emaildkre\" target=\"_blank\" rel=\"noopener noreferrer\">on CNBC<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWhat we\u2019ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out &#8230;\u00a0Now we have a whole bunch of\u00a0companies who, you know, frittered away\u00a0tens and hundreds of billions of dollars\u00a0on buybacks when they &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-1236\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/26721"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=26721"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/26721\/revisions"}],"predecessor-version":[{"id":26722,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/26721\/revisions\/26722"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=26721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=26721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=26721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}