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The thing is, the $6m is so... pissant. Like WeWork made Adam a (multi!) billionaire. What is he doing scamming WeWork over $6m?
by x0x0 7y ago
The thing is, the $6m is so... pissant. Like WeWork made Adam a (multi!) billionaire. What is he doing scamming WeWork over $6m?
- braythwayt 7y agoThere's a certain type of personality that sharpens their pencil over everything and anything. They are often zero-sum thinkers, who reason that if they aren't taking the maximum on everything, somebody else is taking advantage of their "generosity."
- kirubakaran 7y ago"noun is gonna verb" comes to mind (where noun ≈ verb)
- human20190310 7y agoIt's 6 million real dollars.
- cameronbrown 7y agoI can imagine he could sell 6 mil. in stock without damaging the price.
- x0x0 7y agoWhereas -- and this was implicit in my comment -- playing pissant games like this almost certainly hurts the stock price. It also screams that you ought to be closely auditing expenses from every member of the cxo team.
- munk-a 7y agoHe's already offloaded a bunch of stock - he might just be trying to milk it for all it's worth before the price tanks post-IPO. The beautiful thing is that CEO culture and reputation is such that having successfully lead a company to an IPO might be enough on it's own to land him a number of cushy board seats and future CEOing opportunities assuming he doesn't just grab the cash and run to Peru.
- arcticbull 7y agoHe already sold $700m of stock for real money just before the IPO.
- hcs 7y agoNot exactly... "In consideration of this contribution and in lieu of paying cash, the Company issued to WE Holdings LLC partnership interests in the We Company Partnership with a fair market value of approximately $5.9 million, which was determined pursuant to a third-party appraisal." (Quoted by Matt Levine, I assume from the original statement)
- human20190310 7y agoI stand corrected. That turns the whole matter into a complete WTF.
- pawelk 7y agoThe mindset required to become a billionaire is incompatible with that of leaving 6M on the ground for whatever reason ;)