Chamath Palihapitiya, CEO of the investment firm Social Capital explains how capitalism is supposed to work.
“What we’ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out.”
The U.S. shouldn’t bail out billionaires and hedge funds during the coronavirus pandemic, Social Capital CEO Chamath Palihapitiya says. “Who cares? Let them get wiped out.” https://t.co/dIbizumtqG pic.twitter.com/fsoP3ITQDa
— CNBC (@CNBC) April 10, 2020