Re:WeWork and Counterfeit Capitalism
by throwaway744678 on Wednesday September 25, 2019 @02:28PM
(#21073667)
My understanding is that WeWork has long term commitment with the landlords, and cannot walk out of it, thus canceling their leverage.
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Re:WeWork and Counterfeit Capitalism
by polygotdomain on Thursday September 26, 2019 @03:34PM
(#21084619)
The entity on the lease is a single SPE that is specific for that one lease. The landlords to not have the We corporation behind the lease itself. WeWork is fully aware of the possibility that their business model does not become as profitable as they've portrayed and left themselves the back door of getting out of leases. Landlords don't like it, but WeWork does not budge on this in negotiations.