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Re:WeWork’s Once Robust Cash Reserves Have Dwindled, Raising... by rchaud on Friday December 16, 2022 @04:07PM (#34020398)
I wouldn't give him that much credit. The last few years have shown us that when it comes to governance, anything that isn't legally locked down is fully in play. Too much seems to still be dependent on the honour system in a world that incentivizes not doing the right thing.

You never expect a CEO to personally buy PPE (Plant, Production Equipment) and lease it back to his employer. But hey, if it's not against the rules, and the board is stacked in your favour, why not?

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