Re:The WeWork IPO
by OrangeMango on Tuesday August 20, 2019 @02:23PM
(#20750234)
> landlords, who may prefer to cut lease terms versus see e.g. 40% of their portfolio blow out simultaneously.
Landlords aren't going to renegotiate unless WeWork manages to hold back the corporate veil-piercing lawsuits. Given everything we know about their internal corporate governance, I'm not sure why any landlord would accept a haircut right away. There's probably a mile-long line of lawyers waiting for the chance to go after them; most would probably do it on contingency.
Landlords aren't going to renegotiate unless WeWork manages to hold back the corporate veil-piercing lawsuits. Given everything we know about their internal corporate governance, I'm not sure why any landlord would accept a haircut right away. There's probably a mile-long line of lawyers waiting for the chance to go after them; most would probably do it on contingency.