Key Points
- Robot startup Foundation has failed to pay employees since missing its Oct. 30 payroll, angering some workers after its CEO borrowed $4.6 million from the firm last year to buy a luxury home, according to people familiar with the matter.
- CEO and co-founder Sankaet Pathak is Foundation’s sole board member, raising governance concerns among prospective investors.
- Foundation’s widely reported $24 million in Pentagon contracts actually stems from its 2024 acquisition of Boardwalk Robotics, which held some existing government research contracts, the people said.
- Pathak’s previous company, Synapse, collapsed in 2024, leaving thousands of customers without access to deposits. Pathak reportedly took loans from Synapse as it neared bankruptcy.
Advocates
bootlickersfor trickledownpissdowneconomics say that tax cuts in theory for businesses are meant to lessen cost, which means more margin and thus raise wages of employees. But I always point out only handful of businesses raise wages of their employees and most businesses, especially large corporations, only use the increased margin for stock buybacks to enrich themselves and shareholders.conservatives dont think that far.
quite obviously, and notoriously now in the third generation.
Conservatives don’t think, don’t empathe, and don’t moralize. The entire ideology is about externalizing those mental activities to the power structure. Conservatism is the ant colony approach to the world. It’s a viable strategy for slowly changing environments. It is horrible for uncertain and rapidly changing environments like today’s world. They are sensing colony collapse and that has sent them into a frenzy. This is what we are experiencing. That won’t stop their collapse. The coming new societies will have to be aware of this trait in the human nature and make sure it is suppressed.
Conservatives don’t see what the problem is.