The contrast between the natural momentum and the human momentum is something I am exploring in-depth as of late. I have little energy to actually think and write — therefore, I am resorting to video. Currently, I use the freight train to represent the human momentum and I use views of the sound (Seattle sound) to represent natural momentum. But tonight, I would like to spend a little time writing about what I call “The Plug” and use Sheryl Sandberg as an example of why a plug exists.
Sheryl Sandberg has been in the news of late because of her new book entitled “Lean In”. I won’t attempt to summarize what her message is because I will let her tell you herself via the YouTube video I post below. But, I do want to say that she is the perfect example of why capitalism has been corrupted in the United States. She is the perfect example of why the middle class is going going gone. And to rub salt into the wound, she is actually speaking and writing in public as though she is some sort of role model for the rest of us to admire and follow. She would be much better off keeping her mouth shut while she collects her millions via the out of whack pre-IPO stock grant mechanism that is bringing our country to its knees.
Sheryl Sandberg is no genius that has provided innovative ideas, yet, she is one of the richest human beings in the world. Why? Well, she went to Harvard where she met Larry Summers who took her under his wings. Do you know who Larry Summers is? If you aren’t disgusted with who he is then look him up. Let me give you a hint…played along with those profiting from the housing crisis and derivative scam that brought the country to financial ruin. Through Larry Summers she got high-profile jobs in government. Through Larry Summers she got connected with people at Google. And through her work experience at Google she got connected with people at Facebook. And through her connections with Facebook she became one of the richest people in the world.
How did she become so rich? Well, when she became a big shot at Facebook, she was granted stock prior to the IPO (Initial Public Offering…or in other words…Facebook becoming a public company traded on the stock exchange). Her salary is only $300,000, but her pre-IPO share grants will make her a billionaire. Is this one woman worth a billion dollars? Is she a human being that provides value billions of times more than the average woman or man? If you say yes…tell me why you think she is really worth this much value? Here is what Mrs. Sandberg has made in six months based on selling just a small amount of her pre-IPO stock shares:
|Stock purchases, sales, and option exercises reported by insider Sandberg Sheryl since 2005.|
|Trade Date||Symbol||Company Name (Issuer)||Trade Type||Shares||Price ($)||Value ($)|
So, Mrs. Sandberg has cashed in almost $100 million in six months in addition to her annual salary of $300,000 or for six months only $150,000. Now, Mrs. Sandberg is just an example. There are hundreds and even thousands of people who make as much or multiple times more than Mrs. Sandberg because of this pre-IPO stock grant mechanism. If you look at the founders and entourage of tech companies that go public you will find that billionaires are the norm.
So, what is the plug? How can companies and the economy afford to pay a few people this much money? The plug is government debt, private citizen debt, and naive investors in the stock market. In short, you and I pay for the über rich. In short, you and I are the plugs. You and I are the slaves that pay for these few individuals to become billionaires. And the funniest thing of all is that they then feel entitled or authorized or anointed to become our role models, mentors, and “leaders”. They feel like they have the right to tell us to “Lean In” to the human momentum because look…they can do it…why can’t you? Well Mrs. Sandberg…most of us don’t have your Harvard connections do we now? Mrs. Sandberg…you and your message are laughable. You should be quiet like others in your corrupt position and just go on quietly living your über rich life style at the expense of the masses.