‘We were sold off’: WeWork’s staff face uncertain future as company collapses • Hacker News Board

Re: ‘We were sold off’: WeWork’s staff face uncertain future as company collapses

#91

Post by foogazi » Sat, Nov 23, 2019, 3:34 AM UTC

willtim wrote: post #85

foogazi wrote: post #82

Earlier quoted context omitted.

Obviously someone thought it was valuable Who are we to judge what price you put on things and what you are willing to pay? no one is being forced to do anything here

I don't think "no one is being forced to do anything here" is justification for the unprecedented inequality and the existence of billionaires.

Neumann built (or faked if you prefer) something and someone else saw it and decided they wanted him to have 1.7bn in exchange for it

I don’t see how anyone else’s net worth is at play here

Re: ‘We were sold off’: WeWork’s staff face uncertain future as company collapses

#92

Post by autokad » Sat, Nov 23, 2019, 3:52 AM UTC

woah wrote: post #65

autokad wrote: post #62

Earlier quoted context omitted.

really strange person. reveling for the downfall of a company that would yield negative effects on you and your coworkers. while I find this story interesting to see how things play out, what lessons learned, etc, I don't revel at all about what is happening even though it has no direct impact on me. I feel bad for those 2.5k+ employees that went from 'our company is going to go public and this is going to pay off ni…

I think you might be mixing up “reveling” with “revealing”

maybe I missed the a, but I think he edited it after

Re: ‘We were sold off’: WeWork’s staff face uncertain future as company collapses

#93

Post by h1d » Sat, Nov 23, 2019, 5:56 AM UTC

bpodgursky wrote: post #9

Adam Neumann jacked $10B in funding from dumb, rich, foreign investors (SoftBank). Over 80% of that money was pumped into salaries and domestic real-estate deals. Why are people mad about this? Dude is a modern Robin Hood -- a national hero. Let him keep the $1.7B change.

> dumb, rich

They did invest in Alibaba as well as ARM and Uber and runs the SoftBank Vision Fund. They may have failed huge on this one but have been doing quite good.

Re: ‘We were sold off’: WeWork’s staff face uncertain future as company collapses

#94

Post by willtim » Sat, Nov 23, 2019, 7:53 AM UTC

foogazi wrote: post #91

willtim wrote: post #85

Earlier quoted context omitted.

I don't think "no one is being forced to do anything here" is justification for the unprecedented inequality and the existence of billionaires.

Neumann built (or faked if you prefer) something and someone else saw it and decided they wanted him to have 1.7bn in exchange for it I don’t see how anyone else’s net worth is at play here

As I said elsewhere, it ultimately affects our pension pots. The "someone" you mention are the executives who take risks at the shareholders expense.

Re: ‘We were sold off’: WeWork’s staff face uncertain future as company collapses

#95

Post by timwaagh » Sat, Nov 23, 2019, 1:56 PM UTC

JohnFen wrote: post #68

timwaagh wrote: post #64

Earlier quoted context omitted.

When doing business is a prison sentence, don't be surprised if the ones willing to do business are those who belong in prison.

I think there's a large difference between "doing business" and "mismanaging".

In jurisdictions where mismanagement is a thing, it means something other than people losing their jobs. For example, the Dutch High Court has dismissed all cases for mismanagement so far. It has established that the standard is that 'no reasonably thinking decision maker would have made the same decision under the circumstances'.