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> However, the business of being a landlord and renting office space is a pedestrian and profitable venture. Right, but that’s what Adam Neumann did for himsel
by PragmaticPulp 4y ago
> However, the business of being a landlord and renting office space is a pedestrian and profitable venture.
Right, but that’s what Adam Neumann did for himself, then made WeWork his tenant.
Neumann is collecting the rent. WeWork is paying rent.
He took the profitable part out of the company and gave it to himself (for a subset of properties, at least).
That’s the scandal.