WeWork’s Back Is Against a Wall

Re:WeWork’s Back Is Against a Wall by ianferrel on Tuesday September 17, 2019 @02:27PM (#20998515)

I think an under-appreciated aspect is that you can't just have a CEO who's engaged in extremely questionable practices like WeWork's did just flip a switch and say "Ok, now we're public, so I'm going to cut all that out and be honest". It's a pretty big fucking signal that he's not trustworthy.

Neumann's past behavior is still a problem.

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Re:WeWork’s Back Is Against a Wall by thefj on Tuesday September 17, 2019 @02:33PM (#20998573)

Absolutely. Traditionally the move for a company in this situation might be to replace the CEO if they plan to raise public money and he has a history of bad behaviour.

In WeWork's case it's probably impossible to remove him both legally and because the whole company is built around his personality cult.

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Re:WeWork’s Back Is Against a Wall by munk-a on Tuesday September 17, 2019 @02:48PM (#20998753)

I mean... this should lower the valuation into the ground, companies built around personalities will collapse - possibly when the personality retires/dies but more likely just due to implosion over crazy antics.

A company is something "we" build, it isn't something "one" builds, and this misunderstanding is causing a lot of social pains in the US right now.

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Re:WeWork’s Back Is Against a Wall by dondawest on Wednesday September 18, 2019 @01:50AM (#21002673)

>A company is something “we” build

It is deeply ironic that the company that elucidates this exact philosophy in its IPO is such a good example of a company built by “one.”

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