4 ms·
Yes, they were trying to stay afloat by throwing under the bus all the small businesses that couldn't afford to pay for office space they couldn't even go to[0]
by jameslk 3y ago
Yes, they were trying to stay afloat by throwing under the bus all the small businesses that couldn't afford to pay for office space they couldn't even go to[0]. So sorry that they used any cushion they had previously for share buybacks the year prior[1]. Commendable business practices that nobody should fault.
You've gotta admit, there's a bit of irony in making this claim while they were using Chapter 11 to to get out of their own contracts[2].
0. https://www.huffingtonpost.co.uk/entry/coronavirus-company-under-fire-for-charging-start-ups-rent-despite-working-from-home_uk_5e7b5af7c5b6d01bd1552f0e https://www.huffingtonpost.co.uk/entry/coronavirus-company-u...
1. https://www.marketscreener.com/quote/stock/IWG-PLC-32526474/news/IWG-plc-commences-an-Equity-Buyback-Plan-for-89-506-349-shares-representing-9-69-of-its-issued-sha-34198690/ https://www.marketscreener.com/quote/stock/IWG-PLC-32526474/...
2. https://allwork.space/2020/09/iwgs-reasoning-behind-entities-filing-for-bankruptcy/ https://allwork.space/2020/09/iwgs-reasoning-behind-entities...