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The reason he made bank is because Softbank decided it would be a good idea to let Neumann burn money, gave Neumann a shit ton of money without actually buying
by solveit 7y ago
The reason he made bank is because Softbank decided it would be a good idea to let Neumann burn money, gave Neumann a shit ton of money without actually buying control of Wework from Neumann, found that nobody else thought burning money was a good idea and so WeWork couldn't IPO, decided that burning money wasn't a great idea after all, found that Neumann liked burning money and would continue to run WeWork into the ground burning money every step of the way, found that they couldn't do shit because WeWork still belonged to Neumann, couldn't walk away because they were billions in the hole, and so decided to give Neumann even more money so they could actually control the company this time.
The employees pretty much got the typical outcome of working at a startup (startup runs along for a couple years, then fails). The fact that Adam Neumann made bank is rankling, but Rich People Burning Money and Also Accidentally Giving Some Away to Undeserving People Because They Did Incredibly Stupid Things isn't exactly something we can or should stop. You can't make it illegal to be stupid.