The two numbers illustrate just what kind of business it's in — and their huge difference in size show its risks.
But two sets of related figures stood out — $4 billion and $47.2 billion on the one hand, and 15 months and 15 years on the other.
"They've got big long-term liabilities, and if the people who are their customers don't have long-term commitments to them, the risk is high," said Robert Siegel, a lecturer in management at Stanford Graduate School of Business."Forty-seven billion dollars," he continued,"is a lot of money."As might be expected, WeWork was much more eager to highlight some of those numbers than others.
"Going forward, we believe that we are well positioned to navigate through further economic downturns," the company said.But the company didn't seem nearly as eager to highlight the other two numbers. It mentioned the $47.2 billion figure only three times and the 15-year figure just four times.
However, it might not be as easy as all that. Its landlords would almost certainly try to enforce their agreements with WeWork if it tried to skip out on them. It also would face reputational harm — and a huge risk to the future of its business — if it started sending its subsidiaries into bankruptcy and having them default on their loans instead of keeping up with the rent they owe.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SiriusXM Announces $4 Streaming Plan for StudentsSiriusXM took another step towards taking its subscription service past the car Tuesday: The company announced a new student subscription tier that gives eligible college students access to music a…
Read more »
SiriusXM Launches $4 Streaming Plan for StudentsSiriusXM has now joined the ranks of music streaming platforms with a discounted subscription for college students
Read more »
U.S. Budget Gap Set to Top $1 Trillion in 2020, Two Years Sooner Than Expected(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. budget deficit is growing faster t...
Read more »
Enter A Dystopian Era Of Fashion With Two New Streetwear LabelsBiskit and Six5Six Street target a very specific audience with their post-apocalyptic streewear which envisions humans in spacesuits and garments that reflect our excessive dependence on technology. LakmeFashionWk streetwear lakmefashionweek
Read more »
Alyssa Milano Opens Up About Having Two Abortions'It was not an easy choice. It was not something I wanted, but it was something that I needed, like most health care is,' Milano said as she explained her unexpected pregnancies and how she dealt with them more than 20 years ago during her podcast 'Sorry Not Sorry.'
Read more »