WeWork Co-Founder Has Cashed Out at Least $700M Via Sales, Loans

Re:WeWork Co-Founder Has Cashed Out at Least $700M Via Sales... by baby on Thursday July 18, 2019 @08:43PM (#20475339)

So he found a way to make money by buying a few places and renting it to his company. A lot of CEOs seem to find similar tricks. Does it mean that he is the landlord of all the locations of wework? No. Does it mean wework is a real estate company? Certainly not if they are only renting.

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Re:WeWork Co-Founder Has Cashed Out at Least $700M Via Sales... by elamje on Thursday July 18, 2019 @11:06PM (#20475881)

I would be interested to see if Jamie Dimon or Jeff Bezos could slip by owning a JP Morgan office building or Amazon warehouse, respectively. You pass it off like it is the norm. If it is normal, please cite several examples that come to mind. The examples cannot include private companies where the CEO is the 100% owner.

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Re:WeWork Co-Founder Has Cashed Out at Least $700M Via Sales... by fuzz4lyfe on Thursday July 18, 2019 @08:55PM (#20475384)

If they are only renting then they are a real estate company without any real estate.

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Re:WeWork Co-Founder Has Cashed Out at Least $700M Via Sales... by mjcl on Friday July 19, 2019 @12:55PM (#20480355)

That’s called a property management company.

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