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If he fires the whole board, wouldn't that add further doubt about the company's governance and reduce the expected value of any future IPO even further? It doe
by greenyoda 7y ago
If he fires the whole board, wouldn't that add further doubt about the company's governance and reduce the expected value of any future IPO even further? It doesn't seem like that would be in his best interest.
- JumpCrisscross 7y ago> It doesn't seem like that would be in his best interest Rationally, he might be able to extract more cash out of the business running it into the ground than by having it saved by someone else. Delusionally, he might think he's the only one who can run WeWork.
- DebtDeflation 7y ago>If he fires the whole board It's game over at that point. Kiss the IPO goodbye, kiss the $6B in lines of credit goodbye, kiss any further investment from Softbank goodbye. With their burn rate, they then have MAYBE another 6 months before they become insolvent. That having been said, it would be quite the Pyrrhic Victory for Softbank, might even mean their demise as well.