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E139: Recapping Chamath's wedding, VC surplus, unions vs Hollywood, room-temp superconductors & more
All-In with Chamath, Jason, Sacks & Friedberg
Labor Contracts and Business Flexibility in Professional Sports
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- Labor contracts can become a source of inflexibility when a business is not doing well.
- Huge luxury taxes can be imposed in professional sports if a team does not perform well.
- Teams can face financial difficulties when they have to pay massive luxury taxes without enough revenue.
- Unions should seek equity upside in the business their members work in to create value.
- Having more forgiveness on the downside can benefit the business during difficult times.
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