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I'm guessing that the issues have something to do with the management structure. If your CEO is delusional, it's usually possible to reign him or her in... Fro
by rland 7y ago
I'm guessing that the issues have something to do with the management structure.
If your CEO is delusional, it's usually possible to reign him or her in... From what I understand, Neumann had some special votes that basically allowed him to fire the board at any point.
I imagine that anyone with a pragmatic mindset willing to ask "wait, but the numbers are..." was pushed out of the picture either explicitly or implicitly by the power imbalance.
- danesparza 7y agoHoly crap: You're right. https://www.vox.com/recode/2019/9/24/20882133/wework-adam-neumann-dual-super-voting-stock-shares-tech-ipo https://www.vox.com/recode/2019/9/24/20882133/wework-adam-ne... Thanks for the tip! I didn't realize that.