WeWork’s CEO Makes Millions as Landlord to WeWork

Re:WeWork’s CEO Makes Millions as Landlord to WeWork by deepGem on Wednesday January 16, 2019 @01:06PM (#18923221)

I couldn't read the full article since I am not a WSJ subscriber, so forgive the naivete, but what inherently is wrong in Neumann leasing a building that he owns ? I mean, he could have rented that building to someone else, instead he is leasing it out to WeWork.

How did get get the money to buy that building - if he is siphoning money from WeWork revenues and using that, that's illegal I suppose. If he used Wework stock options as collateral to finance the building, that could be some grey area I guess.

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by zopa on Wednesday January 16, 2019 @01:27PM (#18923444)

Is WeWork paying market rent to Neumann, or is it paying more? Did Neumann negotiate vigorously with Neumann for the best possible rate? With real estate, how could you tell?

CEOs have a fiduciary responsibility to the other stakeholders of their companies. That's the problem here.

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Re:WeWork’s CEO Makes Millions as Landlord to WeWork by Aloha on Wednesday January 16, 2019 @02:12PM (#18923940)

I agree with you, not only that, this kind of thing often happens with privately held companies.

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