JPMorgan Chase & Co., Goldman Sachs Group Inc. and other banks arranged giant fees and strict protections that reflected their concerns about WeWork’s unproven business model and Mr. Neumann’s unpredictable behavior.
Wework too big to fail
And it should be illegal for Wall Street to feed a false or weak narrative this way.
Would advance rapidly within a year or even a few months.
It would be quite soon if they brave enough to overcome the difficulty and risk.
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How SoftBank says it’ll fix WeWork and turn it profitableSoftBank founder Masayoshi Son said turning around WeWork would be “simple.” Good luck with a business model that never made sense. Narrator voice. “It was futile. Years later...After many more billions. They had to face the truth, it was never bound to be a profitable business.”
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WeWork chairman Marcelo Claure told staff he's trying to clean up WeWork, after firing 13 people for abusing vendor policiesThe SoftBank-installed chairman showed employees he does business differently than the company's founder, Adam Neumann.
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READ: WeWork lays out five-year plan priorities in leaked memo - Business InsiderThe plan will include a new organizational and compensation plan; and financial restructuring that eliminates the need to raise more capital. techinsider Rather not.
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A Former WeWork Executive’s Complaint Alleges A Pattern Of Gender DiscriminationThe 24-page complaint is intended to become a class action lawsuit on behalf of other female employees who, the complaint alleges, also experienced gender or pregnancy discrimination, gender pay disparities and retaliation.
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SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Hit“I regret it in many ways,” Chief Executive Masayoshi Son said of the investment, after SoftBank marked down the total value of WeWork’s equity to $7.8 billion. This problem was solved and confirmed by items yesterday. 'Hey. The five billion? Yeah, that's my bad. Super sorry about that. Yeah, won't happen again. Again: really sorry.' Really bad judgment is eating a day old piece of fish. Dumping $20 Billion on that Neumann maniac is idiocy.
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SoftBank's latest valuation of WeWork is lower than previously thought — at under $5 billionThe managers of SoftBank's $100 billion Vision Fund slashed their pre-bailout valuation of WeWork by 83% in the space of three months. The most elaborate money laundering scheme by the super wealthy. 5 billion Goldfish Crackers?
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