Oxford dictionary defines a Ponzi Scheme as: A form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Charles Ponzi was an Italian immigrant who came to the U.S. in 1903 with only $2.50 in his […]
Month: April 2020
Remember that time eBay bought Skype?
On September 12, 2005, eBay agreed to buy Skype for $2.6 billion. The move was seen as a win-win for both companies. The purchase allows eBay to move into new business areas. Skype could tap into eBay’s vast customer base and provide them its Voice over Internet Protocol services (VOIP). Both were darlings of the […]
Joe Biden = Walter Mondale 2.0
You are the head coach of fictional Donkey University. Your star quarterback (QB), Barack Obama, graduated two years ago and is starring in the NFL. Obama broke many school records at College U and he also won the Heisman Trophy. Last year, Donkey U was led by a graduate transfer named Hillary Clinton, who was solid […]
How not to run an NBA franchise: The failures of the Magic Johnson and Phil Jackson regimes.
Magic Johnson is a Hall of Fame basketball player and considered arguably the greatest point guard of all time. After his basketball playing days were over, he became a very successful businessman. We consider Phil Jackson the greatest NBA Coach of all time with a record 9 NBA titles won as a head coach. Jackson […]
