# Re: Richard Branson

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Posted by wetimer on March 18, 2020 at 16:37:02

In Reply to: Re: Richard Branson posted by wetchas on March 18, 2020 at 09:17:53:

I think you are oversimplifying to fit your own narrative.

Jamie Oliver's business failed for a multitude of reasons. Throwing more cash at a failing business is never a good idea. His restaurant business needed fundamental change, which he was clearly incapable of implementing. That said, he did put a huge amount of his own money into the business towards the end (Â£13m, reportedly) but it wasn't in the end, enough.

So, his business failed. Does that mean he doesn't have the right to use whatever talents and abilities he has to make money in other ways? One thing has nothing to do with the other. Also, he has done plenty of publicly spirited things like the 15 restaurant and the schools campaign. Maybe he's not your cup of tea, but closing his failing restaurant and laying off staff doesn't make him a knob.

The idea that the liabilities of a company are limited to that company, and that an individual has a right to accumulate their own capital outside of that entity are two of the fundamental pillars of capitalism which make the modern world work.

As for Richard Branson, let's see how he responds to the challenge he's been given. Maybe his decision to put staff on unpaid leave rather than personally bail them out is ill judged. Maybe there is some secret plan that we just don't know about. On the other hand, this is a guy who has pledged to commit $13 billion to the reduction of global warming. That's nearly three times his net worth. He's giving away all his profits to do this. And pledged to donate half his fortune to charity on death.

So, it's complicated.

Either way, I enjoy coming on this forum to hear about wet adventures and fun, not negativity and insults. Please can we keep the forum on topic?!

Follow Ups:

- Re: Richard Branson wetchas 10:40:48 3/19/2020 (0)
- Re: Richard Branson Jack 09:27:44 3/19/2020 (1)
  - Re: Richard Branson wetchas 10:42:12 3/19/2020 (0)

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