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Re:Adam Neumann planned for his children and grandchildren t... by Hendrikto on Saturday October 19, 2019 @07:28AM (#21297944)
> “It’s important that one day, maybe in 100 years, maybe in 300 years, a great-great-granddaughter of mine will walk into that room and say, ‘Hey, you don’t know me; I actually control the place. The way you’re acting is not how we built it,'” he said.

> These may sound like more outlandish proclamations from Neumann, who has a flair for the dramatic.

Re:Adam Neumann planned for his children and grandchildren t... by _Nat_ on Saturday October 19, 2019 @08:45AM (#21298193)
Does anyone know what sort of "moral compass" Neumann may've been imagining his great-great-granddaughter imposing in 300 years?

I mean, that's just a really weird scenario. Even ignoring the implausibility of modern offices being a thing in 300 years from now, much less being controlled by the same company, what exactly would've motivated Neumann's great-great-granddaughter to walk into an office space in which she'd apparently be an unknown stranger to critique the behavior of someone in it?

To be clear, I'm not asking for someone to make this sound reasonable -- just, what sort of scenario, reasonable or otherwise, might Neumann have been imagining here?

Re:Adam Neumann planned for his children and grandchildren t... by md_ on Saturday October 19, 2019 @09:07AM (#21298268)
In fairness, this is kind of how people expected great media dynasties (like the Bancrofts or Sulzbergers) to work. And this is also a bit weird, because while now the idea of publishers as having a critical democratic function—and being more than just profit-seekers—is well-established, fifty years ago they were also brash big businesses, a bit like tech companies now.

I guess my point is that “changing the world” vs “making a buck” seem to be weirdly in the eye of the beholder.

Neumann seems to have either believed or tried to convince others that WeWork had some sort of greater mission beyond merely short-term office space. I think it’s nuts, frankly, but this is the logical extreme of the more well-established phenomenon of trying to convince investors your food/cookie/pot-delivery website is a “tech company” to justify insane PE ratios.

I don’t know my point. Maybe there are just a lot of idiots out there. But is it the founder, the VC, or the customer who’s the idiot? Seems to generally depend upon timing.

Re:Adam Neumann planned for his children and grandchildren t... by AJ007 on Saturday October 19, 2019 @09:24AM (#21298337)
My theory is when you are trying to run a business that doesn’t generate cashflows and have no idea how you are going to get to that point, you start wasting your time with crazy stuff.

Everyone knows there is a big difference between a company like WeWork and Apple. There is also a big difference between other money losing unicorns that have a path to generating positive cash flow, albeit perhaps at a much smaller valuation.

Consider this is a person who was operating a company with a (SoftBank granted) valuation of a company that should have been throwing off billions of dollars in free cashflow. Instead, this guy had never run a successful or positive cashflow company in his entire life. If you pulled the average person off the street, told them they were extremely smart and successful, and put them in the exact same position as Mr Neumann, I’m going to guess they would be doing things as weird as he was if not much, much stranger.

Re:Adam Neumann planned for his children and grandchildren t... by __i___ii____ on Saturday October 19, 2019 @08:49AM (#21298208)
I think the simple explanation here is that he's just an idiot.
Re:Adam Neumann planned for his children and grandchildren t... by onetimemanytime on Saturday October 19, 2019 @11:43AM (#21299054)
I have another theory: he went from zero to a company valued $47,000,000,000. That's a drug...
Re:Adam Neumann planned for his children and grandchildren t... by randallsquared on Saturday October 19, 2019 @09:12AM (#21298291)
Sounds like it was just a fantasy, rather than a scenario with internal detail.
Re:Adam Neumann planned for his children and grandchildren t... by solidsnack9000 on Saturday October 19, 2019 @08:03AM (#21298039)
It's interesting that he takes solace in the possibility of arbitrary exercise of authority by absentee owners.
Re:Adam Neumann planned for his children and grandchildren t... by deogeo on Saturday October 19, 2019 @08:35AM (#21298144)
To be fair, competition and investors tend to pressure corporations to place profit above any other values - the only way to maintain those values is to be forced by an external, 'arbitrary' force, like the law, or eccentric owner unconcerned with pure profit.
Re:Adam Neumann planned for his children and grandchildren t... by solidsnack9000 on Saturday October 19, 2019 @04:51PM (#21300692)
An external, accountable force like the law can work but not a truly arbitrary one like heirs not subject to any constraints.
Re:Adam Neumann planned for his children and grandchildren t... by deogeo on Sunday October 20, 2019 @07:25AM (#21303483)
But they are subject to constraints! They're subject to the law (ideally, anyway...), so the two options aren't in opposition. So yes, it can't work reliably, but still better than the pure profit motive, which is guaranteed to forsake any other values.
Re:Adam Neumann planned for his children and grandchildren t... by meshr on Saturday October 19, 2019 @10:31AM (#21298687)
Do you know any projects that try to solve this problem?
Re:Adam Neumann planned for his children and grandchildren t... by deogeo on Saturday October 19, 2019 @10:57AM (#21298802)
Government regulation solved parts of it - stuff like environmental protections or labor laws. But in general, it's a very hard problem, and I don't think a theoretical solution exists yet. You can read more about it here: https://slatestarcodex.com/2014/07/30/meditations-on-moloch/
Re:Adam Neumann planned for his children and grandchildren t... by katzgrau on Saturday October 19, 2019 @08:41AM (#21298168)
Hundreds of years later, company loses site of its mission, descendant of the great one (second coming) appears and steers company back to greatness.

Kind of a strange fantastical vision out of the fiction category. Not something I'd expect the would-be CEO of a public company to seriously suggest.

Re:Adam Neumann planned for his children and grandchildren t... by ipqk on Saturday October 19, 2019 @09:06AM (#21298267)
Honestly, it's kind of insulting to himself. If I had as many delusions of grandeur as he does, I'd assume I'd instill the company from birth with such unwavering great culture, that it'd never go astray even 300 years in the future.
Re:Adam Neumann planned for his children and grandchildren t... by dabbledash on Saturday October 19, 2019 @09:27AM (#21298348)
It seems like he’s pretty confidant he’ll be able to instill unwavering values in his family though.

I wonder which of those is more likely, but they both seem pretty fantastical.

Re:Adam Neumann planned for his children and grandchildren t... by shmooty on Saturday October 19, 2019 @08:31AM (#21298132)
I don't think beings will even be "walking" into "rooms" to "say" stuff in 300 years.
Re:Adam Neumann planned for his children and grandchildren t... by gameswithgo on Saturday October 19, 2019 @08:36AM (#21298153)
do you think we will have ascended to pure energy or all be dead?

asking for a friend.

Re:Adam Neumann planned for his children and grandchildren t... by yladiz on Saturday October 19, 2019 @08:44AM (#21298186)
Likely those chosen ones shall ascend to the fourth plane of existence, leaving all others to suffer in the third. Just like in NG+.
Re:Adam Neumann planned for his children and grandchildren t... by bogdanu on Saturday October 19, 2019 @08:44AM (#21298185)
Like the ancients, huh?
Re:Adam Neumann planned for his children and grandchildren t... by yalogin on Saturday October 19, 2019 @08:48AM (#21298206)
Says the guy who used company money to buy real estate and then lease hem back to the company.

Only a crook can say these kinds of preachy things.

Re:Adam Neumann planned for his children and grandchildren t... by signa11 on Saturday October 19, 2019 @09:13AM (#21298295)
'Money is truthful. If a man speaks of his honor, make him pay cash.'

- lazarus long (time-enough-for-love, r.a.h)

Re:Adam Neumann planned for his children and grandchildren t... by heyflyguy on Saturday October 19, 2019 @08:44AM (#21298187)
Damn, I mean what a family. The moral compass. Gosh, I hope I can achieve someday the level of moral righteousness that he has. Wow.
Re:Adam Neumann planned for his children and grandchildren t... by nashashmi on Saturday October 19, 2019 @09:52AM (#21298450)
It often works and may even be required for corporations that exist for centuries.

The United States was founded by a group of men based on ideals strongly influenced by a fraternity. That fraternity has steered America for much of its history. Otherwise common ideals fracture quite easily under duress.

Probably that's what Adam had in mind. A family based institution culling certain ideals that serve as the guiding light for the company.

Re:Adam Neumann planned for his children and grandchildren t... by gigatexal on Saturday October 19, 2019 @09:18AM (#21298318)
Like what Christian Bale did in Batman begins?