WeWork founder will get $1.7B to let SoftBank take over his company

Re:WeWork founder will get $1.7B to let SoftBank take over h... by tengbretson on Tuesday October 22, 2019 @11:58AM (#21325180)

Have there been any allegations of criminal behavior from the founder? This level of bamboozlement usually includes actual crimes being committed.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by rapsey on Tuesday October 22, 2019 @12:00PM (#21325209)

Or maybe softbank has redefined what dumb money means.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by mikeryan on Tuesday October 22, 2019 @12:13PM (#21325373)

The beauty of his "con" is that he did it all in plain view and tacit approval by the board. He didn't need to do anything criminal when he's controlling the company's voting shares.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by johannes1234321 on Tuesday October 22, 2019 @12:21PM (#21325485)

Even if he owned the majority vote and posts the minor share holders or lenders can demand "proper" business conduct. But getting thorough a court case can be quite an effort and be risky.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by onetimemanytime on Tuesday October 22, 2019 @12:02PM (#21325238)

almost certain he also got SoftBank /WeWork to defend him in any future case.

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