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Why is it a shame? The people hurt had ample opportunity not to enable it and were sophisticated investors.

by wbl 7y ago

CPLX 7y ago
It’s a shame that we allow people no enrich themselves by ransacking investor money while others in the organization suffer hardships and layoffs and life disruptions. The business culture that enables this is unhealthy and this type of behavior is shameful.
- donatj 7y ago
  > enrich themselves by ransacking investor money Isn't this entirely the point of running a business? > others in the organization suffer hardships and layoffs and life disruptions I feel like you know what you're getting into working for this sort of company.
  - enraged_camel 7y ago
    >> Isn't this entirely the point of running a business? No, the point of running a business is not to ransack investor money, but to grow it. Why would investors invest otherwise? >> I feel like you know what you're getting into working for this sort of company This sounds like victim-blaming to me.
  - wpietri 7y ago
    > Isn't this entirely the point of running a business? Economically, the point of commerce is for us to create more value for each other than we could create on our own. Anything that extracts money without creating value is parasitic. > I feel like you know what you're getting into working for this sort of company. Nope. Surely most of the people who understood the problems didn't take jobs there. WeWork was actively hyped, and one of the functions of that hype was to make it seem like an attractive place to work.
  - jogjayr 7y ago
    > Isn't this entirely the point of running a business? This is news to me. I thought businesses were supposed to create value, especially shareholder value.
- rolltiide 7y ago
  For the workers comrade!
paxys 7y ago
The people he really hurt are rank-and-file employees - salespeople, janitors, receptionists, engineers - who are now getting laid off while he made billions.
- rolltiide 7y ago
  The NYAG isn’t investigating anything related to a circumstance those people couldn’t see coming. Finance meme accounts were shitting on the rat infested WeWork for a year now. These cultists willingly didn’t try to understand. Acting like they were blindsided.
whyenot 7y ago
Aren't all the employees who are now being laid off also hurt?

Why is it a shame? The people hurt had ample opportunity not to enable it and were sophisticated investors.

by wbl 7y ago

Why is it a shame? The people hurt had ample opportunity not to enable it and were sophisticated investors.

CPLX 7y ago

It’s a shame that we allow people no enrich themselves by ransacking investor money while others in the organization suffer hardships and layoffs and life disruptions. The business culture that enables this is unhealthy and this type of behavior is shameful.

donatj 7y ago
> enrich themselves by ransacking investor money Isn't this entirely the point of running a business? > others in the organization suffer hardships and layoffs and life disruptions I feel like you know what you're getting into working for this sort of company.
- enraged_camel 7y ago
  >> Isn't this entirely the point of running a business? No, the point of running a business is not to ransack investor money, but to grow it. Why would investors invest otherwise? >> I feel like you know what you're getting into working for this sort of company This sounds like victim-blaming to me.
- wpietri 7y ago
  > Isn't this entirely the point of running a business? Economically, the point of commerce is for us to create more value for each other than we could create on our own. Anything that extracts money without creating value is parasitic. > I feel like you know what you're getting into working for this sort of company. Nope. Surely most of the people who understood the problems didn't take jobs there. WeWork was actively hyped, and one of the functions of that hype was to make it seem like an attractive place to work.
- jogjayr 7y ago
  > Isn't this entirely the point of running a business? This is news to me. I thought businesses were supposed to create value, especially shareholder value.
rolltiide 7y ago
For the workers comrade!

paxys 7y ago

The people he really hurt are rank-and-file employees - salespeople, janitors, receptionists, engineers - who are now getting laid off while he made billions.

rolltiide 7y ago
The NYAG isn’t investigating anything related to a circumstance those people couldn’t see coming. Finance meme accounts were shitting on the rat infested WeWork for a year now. These cultists willingly didn’t try to understand. Acting like they were blindsided.

whyenot 7y ago

Aren't all the employees who are now being laid off also hurt?