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As landlord, isn't he taking on the risk of WeWork defaulting on rent? Shouldn't he be compensated for that risk?
by chatmasta 8y ago
As landlord, isn't he taking on the risk of WeWork defaulting on rent? Shouldn't he be compensated for that risk?
- hn_throwaway_99 8y agoBut the whole point is that as CEO he now has a huge conflict of interest. It's not hard to see him prioritizing occupancy at locations he owns over other WeWork properties solely to ensure he gets paid first.
- TomBombadildoze 8y ago> WeWork’s CEO Makes Millions as Landlord to WeWork What risk? He's already pocketed the profits. If WeWork defaults, his property management company takes the loss, possibly sells the property, and perhaps files for bankruptcy. It doesn't affect his personal finances. "Risk" has become cognitive poison. There can be, and often is, a huge divide between _financial risk_ and _risk of grave personal consequences_.