The accident itself is fairly interesting in terms of it being a sailboat, albeit massive. Someone badly fecked up, somewhere. Which makes it interesting no matter who was onboard
Super Yacht sinks off Italian Coast
- Thread starter Superden
- Start date
-
In the latest episode of the United Hour Podcast, Nik and Imran are here to talk about a frustrating 2 points dropped at Crystal Palace. They then discuss the regeneration of Old Trafford. Finally, Nik is joined by special guest Michael Statham from the Football Oranje podcast - who gives us a more in depth look at our EL opposition FC Twente, and then runs through the (many) Dutch connections currently at United.
The accident itself is fairly interesting in terms of it being a sailboat, albeit massive. Someone badly fecked up, somewhere. Which makes it interesting no matter who was onboard
Neither is the head man. The company is responsible for the debt. They're free to fold the company and set up a new one tomorrow.
It depends if they were ever given any shares or the option to buy any. I know of a guy who's start up was bought out by a massive company. He'd had a bunch of mates working for him too. He was very stingy with giving out shares and most of the lads got sweet FA.
I did say “most”. Whatever, they go into it with their eyes open. If they choose to work for a startup then they either do so for a competitive salary, right out the gate, or the possibility of deferred wealth due to options etc
At the end of the day someone has been willing to put their head above the parapet to start a new company and create jobs/money for those people that wouldn’t have existed otherwise. If that bloke then sells the company for personal gain that’s his perogative. There’s nothing to stop any of his employees going on to do the same thing. If anything the experience they picked up working for him gives them a head start on where he was when he was in the same boat (no pun intended)
Starting a new company from scratch is incredibly stressful and very hard graft (for people whose fathers don’t own an emerald mine anyway) I don’t see how that means they’re suddenly villains if they sell that company for big money.
Not true where I live. There are different forms of private ownership, some that have personal liability.
I understand that point. My opinion is that it has to be a medium point where the risk is rewarded but the differences shouldnt be that staggering a x4 to x10 times minimum vs maximum salary/benefit as in the end, in a job there is innovation at every level and we all work similar hours a day. Long story short, the concept of billionaire should not exist
I said the same after Diane died in just another car crash
The CIA plainly created a huge storm and a water spout in the Mediterranean to distract from running over the other guy in the UK.
Seems utterly bizarre that such a big yacht was sunk by a weather event so close to shore, as opposed to mid Atlantic in a huge winter storm for example. My hot take is that maybe the mast wasn't only huge but also hugely out of proportion even for the size of the yacht. Even assuming this is true and the storm/waterspout knocked the yacht onto it's side, as has been suggested, a yacht shouldn't sink so damn fast.
Most of the staff at his company were highly paid IT geniuses. People are talking about the 'workers' as if they were Victorian coalminers.
A load of staff became millionaires from the sale and even more got tens of thousands from the employee share scheme. I guess the workers became evil that day too.
Workers wake up millionaires after takeover of Autonomy
https://www.thetimes.com/article/workers-wake-up-millionaires-after-takeover-of-autonomy-cgz79g0xjl5As an aside, loads of evil hedge funds had been shorting the stock and got battered by the news, so that might placate some.
It's very strange for a 56m Yacht to go like that. Saw a video that said it had a raiseable centreboard that might have contributed by raising the center of gravity aggravating any rolling motion.
A vanity boat not built for any sort of weather. Probably fell apart like a garden shed when the wind picked up.
The most popular way modern sailboats like to sink themselves is for their keel to fall off, so until we have confirmation that hasn't happened I'll assume it has. If it were even slightly loose, the kind of water turbulence the boat would have experienced could easily have ripped it apart.
The most popular way modern sailboats like to sink themselves is for their keel to fall off, so until we have confirmation that hasn't happened I'll assume it has. If it were even slightly loose, the kind of water turbulence the boat would have experienced could easily have ripped it apart.
Woke up this morning with blurry eyes and I read this thread as "Super yanks stink of Italians".
Also correct me if I'm wrong but there have been so many (more than usual) big accidents at sea. The titanic submarine dive, the one where a ship crashed into a bridge, and now this one.
I imagine a lot more happen, but we only really hear about the ones that include particularly rich/important people. As unintentionally callous as that sounds.
I watched the movie Geostorm, Wibs, and I agree with you. They. Are. Controlling. The. Weather!
Yes lots happen I work for an insurer that insures cargo ships and pleasecraft
Hope we don’t insure this one
Yeah some random pirates getting eaten by sharks is quite common I reckon
Yes lots happen I work for an insurer that insures cargo ships and pleasecraft
Hope we don’t insure this one
Oh wow. Imagine if you were handling that cargo ship that crashed into that bridge in America. Where would you even start with that one?
It didn't fall apart, it's evidently intact which is why the divers are having problems finding the missing people. The boat is full of furniture floating around inside so they can't see anything, plus it's lying at a 90-degree angle.
There's some speculation that the height of the enormous mast played a part.
First you cry.
No huge risks like that don’t get carried by 1 insurer, you might have 20 insurers carrying 5% each of the risk, then each of those will reinsure out part of their risk to reduce the risk further, you still get some huge payouts but it gets spread around the market otherwise you’d see an insurer taken out by a single accident.
Sounds like it has a centreboard, rather than a keel. So didn’t right itself when the wind flattened it. Can’t quite work out why a yacht that big wouldn’t have a keel though. Seems a weird choice.
oh the paperwork...
10m draft is massive! No wonder they need to be able to raise it. To be fair, I’m sure they wouldn’t have expected to be caught in a massive gust of wind while on a mooring.
You have no idea
Thankfully the mess that is the insurance market means I get to go on holidays each year so I won’t complain too much
To be fair laying off the coast of Sicily in August would probably be among the most benign environments thinkable for such a yacht.
You have no idea
Thankfully the mess that is the insurance market means I get to go on holidays each year so I won’t complain too much
I would certainly be booking some very short notice annual leave off when a cargo ship takes a major commuter bridge down
Poseidon's pissed....and this time it's personal!
The World Government got a decent deal with Poseidon, one billionaire sacrificed to the seas every year
What's the reasoning behind a mast of that size on a boat that small?
Neither are the shareholders.
Not where I live. Some forms of company ownership (mostly small businesses, not corporations) have personal liability rules for the owners.
What's the reasoning behind a mast of that size on a boat that small?
Speed I think. From my minimal years of Yachting in NZ
4 bodies found still onboard today
Mike Lynch’s body has been pulled from the wreckage
https://www.cnbc.com/amp/2024/08/22...ike-lynch-found-in-sicily-yacht-wreckage.html
https://www.cnbc.com/amp/2024/08/22...ike-lynch-found-in-sicily-yacht-wreckage.html
All bodies recovered except for the 18 year old daughter. 15 survivors, 9 crew members. Interesting that all of the crew survived except for the cook, who was the first body to be discovered. Apparently the rich people were sleeping during the storm.
It appears that the crew's quarters were at the stern, the guest cabins were midship and the owner's suite was in the bows. Maybe the position had something to do with it.
In any event, surely there was a member of crew on watch - they should have got everyone out of their cabins and into lifejackets when the weather changed. I know they couldn't have predicated the freak tornado, but the vids show it was very rough before that.
The ones who got out (mostly crew) managed to launch the life raft and send up a flare.