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Arent they leasing from former ex CEO Neumann? https://therealdeal.com/new-york/2023/09/12/adam-neumann-in-talks-to-lease-at-former-wework-building/ https://the
by rasz 3y ago
Arent they leasing from former ex CEO Neumann? https://therealdeal.com/new-york/2023/09/12/adam-neumann-in-talks-to-lease-at-former-wework-building/ https://therealdeal.com/new-york/2023/09/12/adam-neumann-in-...
- Nursie 3y agoYeah, this whole murky area smacks to me of blatant fraud - get massive investment in a company you create, use the valuation to get personal loans against your stake in the company, then use those loans to buy real-estate which you lease back to the company. Oh, and you keep personal ownership of 'We' as a trademark, so they have to lease that too. And then, when it all starts to crumble, walk away with a multi-hundred-million dollar exit package. I can't imagine how this guy still walks free and isn't being sued into the ground by investors.
- kevin_thibedeau 3y agoLaser sharks in the wave pool keep them away.