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by throwfaangus 1648 days ago
Why risk this even? Surely, he's making much more than 700K as an exec in the first place.
10 comments

Wealthy people usually still want more money, even past what non-wealthy people would consider enough.
The two multimillionaires I know (one sold his company to JPMC, the other, to Google) aren't driven primarily by money. They have a genuine interest in what they do (securitizing carbon offsets, and designing analog circuits, respectively).

They're what you'd call "good guys".

They wouldn't be caught dead in that crazy kickback scheme that was described.

I know this is a small sample set, but what I've come away with is that rich people are like you and me, except they happen to be rich.

Not just want, they feel entitled to it. It is their RIGHT. This is why we have such a wealth gap, the game is rigged.
Our VP of <region> Sales was fired for stealing peoples lunches from the break room fridge.
Very well-compensated people apparently can get sufficiently unmoored from a moral compass that they 1.) think the rules don't apply to them and 2.) just don't stop to consider that morals/ethics aside what they're doing is a really dumb potentially life-ruining risk.
When you deal as a supplier to a big SV company, it can still happen that the employee asks you for a kickback. It's sad and it sucks.
It probably wasn't just the $700k he was thinking about. I'd guess he was likely aiming for a larger sum over time.
It might be part of some cultural structure in place. He got caught..
There could be much more and the case only covered what could be proved.
There’s no limit to the amount of money one can waste.
Probably about 30 months of work ;)
I don't think all Vice Presidents as a rule make more than $700k