2 ms·
If this is true, will WeWork's creditors be suing him?
by CGamesPlay 3y ago
If this is true, will WeWork's creditors be suing him?
- vishnugupta 3y agoIt's not as if he was doing it under the wraps or something. He did it in full public glare so creditors (and equity investors) knew exactly what they were getting into.
- dmix 3y agoIf that's the case and he isn't under legal risk then he hit a damn gray hat gold mine. A fool and his money. Idk if it was worth his reputation and company being completely destroyed but many people have risked their (literal) freedom for much much less.
- vishnugupta 3y agoYeah; he seems to have done well for himself. https://www.businessinsider.in/wework-ceo-adam-neumann-has-reportedly-made-millions-of-dollars-by-leasing-office-space-to-his-own-company/articleshow/67564850.cms https://www.businessinsider.in/wework-ceo-adam-neumann-has-r...
- xen0 3y agoI don't think his reputation is so tarnished that he can't get other investors to continue to give him money.
- quickthrower2 3y agoHow does this work. So he owes money under some terms to Wework. Probably that secured debt can be sold off? And the proceeds of that they get? Unless it was a 0% fixed interest only for 100 years or something crazy. Feels like a better scenario than that money spent on parties or a datadog bill.