WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
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Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#2Elizabeth Holmes should have doubled down!
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#3[flagged]
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#4I don’t think anyone is to blame here except the people that gave him money in the first place.
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#5I don’t think anyone is to blame here except the people that gave him money in the first place.
Especially since they're the same ones that gave him still MORE money.
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#6Yet any early employees who signed on with compensation in the form of stock grants/options/RSUs have lost out on years of compensation.
Claiming that it's a risk/reward tradeoff is nonsense, as ICs don't have any meaningful say on the path to exercising their "income", and there are huge incentives for founders and VCs to arrange deals like this.
I really hope that people start realizing that this is a core behavior in business and stop letting themselves be screwed by people who aren't actually taking on meaningful risk.
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#7I don’t think anyone is to blame here except the people that gave him money in the first place.
Plus, you know, Adam Neumann for being a big sketchball.
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#8[flagged]
I wonder how capitalism could compare with something like market socialism in cases like this. It seems like it would be easier for employees of companies (and stakeholders outside the company) to have more control over the direction of a business since they would also be shareholders. Adam Neumann types probably wouldn't be able to exist since they are so destructive to corporation and the people depending on the corporation.
Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#9Yet any early employees who signed on with compensation in the form of stock grants/options/RSUs have lost out on years of compensation. Claiming that it's a risk/reward tradeoff is nonsense, as ICs don't have any meaningful say on the path to exercising their "income", and there are huge incentives for founders and VCs to arrange deals like this. I really hope that people start realizing that this is a core behavior…
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Re: WeWork Needed a Bailout, But Adam Neumann Still Leaves a Billionaire
#10Since when did loss making pre-IPO companies become "TOO BIG TO FAIL" ?