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Honestly, who cares? A lot of people care now because they just filed for an IPO, which is why he returned the money. But if this was a private company and a
by frogpelt 7y ago
Honestly, who cares?
A lot of people care now because they just filed for an IPO, which is why he returned the money.
But if this was a private company and a co-founder thought he deserved $6 million for his efforts and wanted to label it as a trademark transfer, I see no problem with it.
- jeromegv 7y agoWell that's the whole point. It is a public company so people should care, since investors should be aware of what they are getting into. If they invest in a company and money gets transferred to the owner in some funny ways, they should know. The fact that this wouldn't apply if they were private doesn't really matter here, they are on their way to be public.
- ineedasername 7y agoIs this a "who cares" as in it's none of our business, or as in he isn't doing anything wrong? Because generally when you work for a place, as an employee or CEO of anything in between, they own all of your work-related output. Better compensation in terms of salary, options, etc., is the way you're rewarded for strong performance. Self-dealing is generally regarded as a breach of fiduciary duty, and is punishable by repaying the loss along with punitive damages.
- munk-a 7y agoMost people are denied the opportunity to casually pick up $6 million for nothing and that money could have gone to increase salaries for people who are actually helping to keep WeWork running.