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Poor People 'Pay The Price For Being Wrong' — Palantir CEO Alex Karp Blasts Leaders Getting Huge Bonuses After 'Stupid Decisions' And Government Help
Poor people keep paying the price for being wrong while powerful leaders collect huge rewards. Executives avoid consequences for failures that would bring severe penalties for ordinary Americans."No one believes the institutions are credible …and I struggle to believe they're credible too," Palantir Technologies Inc. CEO Alex Karp recently said at The New York Times DealBook Summit. He added, "We at Palantir absorb the full risk of our failure," describing what he sees as a widening gap between public accountability and executive outcomes.Karp said "poor people" are "the only people who pay the price for being wrong in this culture," referencing soldiers and people living in low-income neighborhoods. He said mistakes in those environments can lead to prison or death.Karp said on the company's Q3 earnings call last month that Palantir was "completely anti-woke," arguing that Palantir had "stood up for the American warfighter." He also criticized what he described as uneven policy respo
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