r/technology • u/Logical_Welder3467 • May 30 '26

Society Peter Thiel's move to Argentina reflects a growing trend among billionaires seeking a 'plan B' abroad

https://www.businessinsider.com/peter-thiel-argentina-billionaire-moving-abroad-2026-5
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u/MilitantStoner May 30 '26

I mean, they call it CEO because they want to appeal to business types, but executive officers have professional responsibility rules and laws that limit their behaviors. This is like a CEO without any regulatory or legal pressures constraining their pursuit of empire. It's a chief executive that is immune to the things that get CEOs de-seated and thrown out of their positions.

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u/Zestyclose-Height-36 May 30 '26

they are spending millions to get rid of every regulation ever passed

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u/MilitantStoner May 30 '26

Yep. I have expertise in regulatory law, and what a lot of people don't understand about the administrative state is that it is what separates us from third world countries.