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I would like to see a source for this because I heard the same thing, but don’t want to spread disinformation. If it’s true, that’s not a good look for him or
by elamje 7y ago
I would like to see a source for this because I heard the same thing, but don’t want to spread disinformation.
If it’s true, that’s not a good look for him or the company.
- ceejayoz 7y agohttps://www.wsj.com/articles/weworks-ceo-makes-millions-as-landlord-to-wework-11547640000 https://www.wsj.com/articles/weworks-ceo-makes-millions-as-l... > One of the landlords behind the building was no ordinary owner: It was Adam Neumann, WeWork’s chief executive, who leased the property to WeWork after buying it, according to people familiar with the situation. > Mr. Neumann has made millions of dollars by leasing multiple properties in which he has an ownership stake back to WeWork, one of the country’s most valuable startups. Multiple investors of the privately held company said the arrangement concerned them as a potential conflict of interest in which the CEO could benefit on rents or other terms with the company.
- baby 7y agoSo he found a way to make money by buying a few places and renting it to his company. A lot of CEOs seem to find similar tricks. Does it mean that he is the landlord of all the locations of wework? No. Does it mean wework is a real estate company? Certainly not if they are only renting.
- fuzz4lyfe 7y agoIf they are only renting then they are a real estate company without any real estate.
- mjcl 7y agoThat’s called a property management company.
- elamje 7y agoI would be interested to see if Jamie Dimon or Jeff Bezos could slip by owning a JP Morgan office building or Amazon warehouse, respectively. You pass it off like it is the norm. If it is normal, please cite several examples that come to mind. The examples cannot include private companies where the CEO is the 100% owner.