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Dislike button posted:i didnt mention the case because i wanted to talk about demutualization of life insurance policies, rather to illustrate why and who was buying 88 million dollar life insurance policies in the first place. yea i misread it, i thought the $88M was so high b/c of the ipo. i have to assume the $15M premiums for an $88M payout means they were relatively young and not expected to die before paying a bunch more premiums. the language of them buying the insurance "to cover estate tax", i think means something like this: the estate is valued at $1.5B but it mostly in investments or whatever, assets the heirs don't necessarily want to have to liquidate to pay the estate taxes that will be due. so the couple buys a life insurance policy with a payout of roughly what the estate tax will be, and this may have some additional tax benefits for the heirs (as in, paying less taxes on the $88M payout since it's not part of the estate) my point is, they are basically pre-paying the estate tax for their heirs in this scenario, gradually, in the form of insurance premiums (and in part by the fact that the premiums they pay the insurance company are now invested for the profit of the insurance company rather than to grow the estate). they might save something on the margins, and this particular case they got a random bonus. if they die unexpectedly the heirs get a big bonus, but that's how life insurance is supposed to work. in the end the insurance payout money is coming from somewhere, and life insurance companies can't stay solvent if they arrange to pay out more than they (on average) get paid in Dislike button posted:but, lol at someone worth 1.5 billion dollars aldo getting a 2 million dollar windfall on their life insurance. the rich get richer hey now, sometimes the working class get a break too! Woman Trades Single Packet of McDonald's Szechuan Sauce for Volkswagen quote:Originally looking to trade her Szechuan sauce for a collection of pins, she was surprisingly offered something even better. She is now the proud owner of a 2004 Volkswagen GTI. Luckily for her, it wasn't even a base model that she received in the trade. The German hatch features Volkswagen's 1.8-liter turbo 4-cylinder motor coupled to a 5-speed manual transmission, both of which options keep the car worth a bit more than its 2.0-liter and automatic counterparts.
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Oct 14, 2017 05:07
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Apple’s Denise Young Smith sent an apology to team members at Apple today over comments she made at the One Young World Summit in Bogotá, Colombia. “Last week, while attending a summit in Bogota, I made some comments as part of a conversation on the many factors that contribute to diversity and inclusion….I regret the choice of words I used to make this point,” said Smith in the memo. As the company’s Vice President of Inclusion and Diversity, Smith has been the tip of Apple’s D&I spear during an era of increasing pressure on big tech companies to improve their inclusiveness. Smith came under fire from diversity advocates and commentators over a specific statement she made during a panel she was on alongside activist DeRay Mckesson and Michael Hastings, which was moderated by Aamna Mohdin of Quartz. quote:Aamna Mohdin: I wanted to touch on something that you said, Denise, that it’s not only just about numbers in Silicon Valley, but you’ve taken on a new role in Apple for inclusion and diversity, and a lot of that is going to be about the numbers. And I just kind of wanted to know whether black women is a priority for you in this new role?
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Oct 14, 2017 08:44
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Dixie Cretin Seaman posted:features Volkswagen's 1.8-liter turbo 4-cylinder motor coupled to a 5-speed manual transmission, both of which options keep the car worth a bit more than its 2.0-liter and automatic counterparts maybe if you like ripping your front clip off and being slow. fuckin fake news.
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Oct 14, 2017 09:50
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Sapozhnik posted:in the uk it isn't illegal to discriminate against a housing applicant's source of income lmao I don't understand what you are saying here ?
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Oct 14, 2017 11:03
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more amazon warehouse fun: https://www.wired.com/story/meet-camperforce-amazons-nomadic-retiree-army/ quote:The walls featured murals of Amazon’s warehouse mascot, a bloblike orange character called Peccy, along with Orwellian slogans like “Problems Are Treasures” and “Variation Is the Enemy.” Wall-mounted dispensers labeled LIL’ MEDIC offered free pain relievers.
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Oct 14, 2017 11:19
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not telling my current employer my previous salary got me a 40% raise it was well worth playing "no you first" for a week imho
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Oct 14, 2017 11:19
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coffeetable posted:more amazon warehouse fun: I'm the terrifying puce
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Oct 14, 2017 11:20
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though maybe amazon warehouses are just purgatory for the sin of being bad with moneyquote:Chuck still remembers the call from Wells Fargo that brought the 2008 financial crisis crashing down on his head. He had invested his $250,000 nest egg in a fund that supposedly guaranteed him $4,000 a month to live on. “You have no more money,” he recalls his banker saying flatly. “What do you want us to do?” Unable to think of a better answer, Chuck told him, “Well, shove your foot up your rear end.” Then he hung up. quote:They thought they would retire aboard a sailboat, funding that dream with equity from their threebedroom house. But then the housing bubble burst and their home’s value tumbled. coffeetable fucked around with this message at 11:24 on Oct 14, 2017 |
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Oct 14, 2017 11:21
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coffeetable posted:though maybe amazon warehouses are just purgatory for the sin of being bad with money whoooooweeeeeee
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Oct 14, 2017 13:24
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FrozenVent posted:not telling my current employer my previous salary got me a 40% raise yep, and you only have to pull that off a couple/few times before you're doing alright.
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Oct 14, 2017 13:43
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Rex-Goliath posted:if they can afford it / are building something that Matters they should use marklogic. jesus christ that's worse than anything that shaggar has ever said
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Oct 14, 2017 14:32
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akadajet posted:jesus christ that's worse than anything that shaggar has ever said idk i dont see whats bad in a mongo project ditching mongo made by web developers for a mongo made by database developers
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Oct 14, 2017 14:33
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FrozenVent posted:not telling my current employer my previous salary got me a 40% raise companies are onto your tricks and the credit agencies have paid off the larger payroll handling companies to build salary histories for employment history verification.
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Oct 14, 2017 14:58
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Basically every yosposter that wasn't poor growing up probably has an inheritance waiting for him/her. I mean if your dads are doctors like Sagebrushs and HPHs you're gonna get an inheritance for sure, not to mention a nice financially secure childhood.
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Oct 14, 2017 14:59
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fits my needs posted:Basically every yosposter that wasn't poor growing up probably has an inheritance waiting for him/her. I mean if your dads are doctors like Sagebrushs and HPHs you're gonna get an inheritance for sure, not to mention a nice financially secure childhood. both my parents were doctors but they went into biotech startupland my 3rd grade, we were in the projects in providence rhode island. my 4th grade, i went to rancho santa fe elementary, average parent net worth >5mil it was extremely strange
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Oct 14, 2017 15:17
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i have statistically average middle class parents
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Oct 14, 2017 15:19
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cinci zoo sniper posted:idk i dont see whats bad in a mongo project ditching mongo made by web developers for a mongo made by database developers lol i searched marklogic up properly the highest profile project made with marklogic was the ACA healthcare sign up site the one that crashed and burned lol just lol e: wait, was it the one that crashed and burned? let me read up more e2: yep, it was the one but oracle poo poo sucked harder, as oracle poo poo tends to do lol e3: gently caress lol marklogic was originally 100% an XML based db just lol at your loving poor life decisions bob dobbs is dead fucked around with this message at 15:23 on Oct 14, 2017 |
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Oct 14, 2017 15:19
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bob dobbs is dead posted:lol i searched marklogic up properly while you're reading up, check out mongodb's most high profile project, a thing for astrazeneca r&d for which there are no technologically valid sql solutions
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Oct 14, 2017 15:25
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also there are about 0 things wrong about the xml, its all on "disruptive" web developers
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Oct 14, 2017 15:25
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cinci zoo sniper posted:also there are about 0 things wrong about the xml, its all on "disruptive" web developers gonna need you to stop shaggarposting
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Oct 14, 2017 15:30
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bob dobbs is dead posted:gonna need you to stop shaggarposting
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Oct 14, 2017 15:31
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why did they name a computer language after a slur
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Oct 14, 2017 15:33
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cinci zoo sniper posted:no, literally half of problems i currently have at my job are caused by use of mongo i ain't advocating for a mongo i am advocating for real dbs that have real successful users not among the set of real dbs that have real successful users: mongo, marklogic
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Oct 14, 2017 15:33
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fits my needs posted:why did they name a computer language after a slur you mean javascript?
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Oct 14, 2017 15:33
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bob dobbs is dead posted:i ain't advocating for a mongo okay, that i can't argue with, especially not knowing a thing about marklogic
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Oct 14, 2017 15:35
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wikipedia posted:Death of Michael Forgey
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Oct 14, 2017 15:36
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fits my needs posted:Basically every yosposter that wasn't poor growing up probably has an inheritance waiting for him/her. I mean if your dads are doctors like Sagebrushs and HPHs you're gonna get an inheritance for sure, not to mention a nice financially secure childhood. my parents keep telling me to set up a roth ira for them to deposit money into which im like 90% sure is just a tax dodge plan
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Oct 14, 2017 15:37
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"keep telling me"? you're refusing money?
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Oct 14, 2017 15:41
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Bhodi posted:"keep telling me"? you're refusing money? he's a physicist so likely just terminally lazy
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Oct 14, 2017 15:42
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cinci zoo sniper posted:he's a physicist so likely just terminally lazy this
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Oct 14, 2017 15:46
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not being lazy accelerates the heat death of the universe. it is really the only moral way to live.
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Oct 14, 2017 15:51
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bump_fn posted:this
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Oct 14, 2017 15:55
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Shifty Pony posted:not being lazy accelerates the heat death of the universe. heat death is a scam, heath
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Oct 14, 2017 15:55
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bump_fn posted:my parents keep telling me to set up a roth ira for them to deposit money into which im like 90% sure is just a tax dodge plan It takes like ten minutes to setup a vanguard Roth IRA online and you should have one regardless of your parents giving you free money
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Oct 14, 2017 15:56
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it’s like u people have never read my shitposts before
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Oct 14, 2017 16:01
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cinci zoo sniper posted:i have statistically average middle class parents
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Oct 14, 2017 16:12
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on the subject of physics, wealth is distributed ~ power law (or stretched exponential, or power law with stretched exponential shoulder) so averages mean nothing and medians mean everything it's the fate of nearly all of humanity to be destitute and has been for millenia eat that loving universality, yospos bithc other things that high people have claimed are universal with critical yadda yadda: yo filesystem, yo network packet latencies, yo software projects, yo neural nets
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Oct 14, 2017 16:28
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Yo
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Oct 14, 2017 16:38
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J
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Oct 14, 2017 16:40
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s p o s b i t h c
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Oct 14, 2017 16:43
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