Live data from Hacker News

Some WeWork Board Members Seek to Remove Adam Neumann as CEO

wsj.com

191–200 of 245 posts

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#191
post #84

Earlier quoted context omitted.

> Yeah, but all that would have been fine if he’d acted responsibly. > if he’d acted responsibly > if The "if" is the point. SoftBank had the ability to eliminate the risk of this "if", and didn't.

So what you’re saying is: if someone doesn’t prevent you from doing something, they should shoulder more of the blame than you do for actually doing the thing?

There's a difference between not preventing behavior and enabling it, with gobs and gobs of cash.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#192
I don’t mean to speak in support of the CEO, and I don’t say this to support WeWork.

> The Wall Street Journal reported last week that Mr. Neumann had taken marijuana on a flight from New York to Israel.

In this day and age, where we have businesses that legally sell weed, this sort of commentary appears to be a pointless inclusion of “salacious” details. It is irrelevant to the discussion of whether WeWork has a legitimate growth model or whether the CEO is doing the “right” thing.

I suspect that SoftBank is attempting to win this battle in the court of public opinion, because they bought shares that didn’t have the same voting rights as Mr Neumann’s shares, and they now regret that decision.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#193
post #160

Earlier quoted context omitted.

It can work, but they need more anchors. Stripe, Gitlab, ... companies that are remote but have workers prefer to cowork. Economic downturn might actually help them if they can gobble long term low leases. More unemployed also means more consumer base outside big corporate America. Their biggest threat is small mom and pop coworking spaces like Gravitate in DSM. Geoff wouldn't sell for less than a massive premium, an…

Why on earth would stripe pay a middle man like WeWork to manage their office and lease?! Stripe is looking at buying an entire building. I'm pretty sure they can handle a 15 yr lease just fine. And don't need WeWork staff to decide what their office kitchens need.

Facebook leases an entire WeWork building in London, but I imagine it's not their long-term plan.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#194

I don’t mean to speak in support of the CEO, and I don’t say this to support WeWork. > The Wall Street Journal reported last week that Mr. Neumann had taken marijuana on a flight from New York to Israel. In this day and age, where we have businesses that legally sell weed, this sort of commentary appears to be a pointless inclusion of “salacious” details. It is irrelevant to the discussion of whether WeWork has a leg…

The concern is not over the marijuana use per se, but over illegal drug smuggling across international borders. That shows a major lack of judgment and could have resulted in serious consequences for the charter company if they had been caught. Based on that behavior and other reports I suspect Adam Neumann suffers from narcissistic personality disorder.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#195

I don’t mean to speak in support of the CEO, and I don’t say this to support WeWork. > The Wall Street Journal reported last week that Mr. Neumann had taken marijuana on a flight from New York to Israel. In this day and age, where we have businesses that legally sell weed, this sort of commentary appears to be a pointless inclusion of “salacious” details. It is irrelevant to the discussion of whether WeWork has a leg…

I also don’t mean to judge, but (right or wrong) marijuana use in Japan is still absolutely scandalous and seen as a major transgression that ends careers. That might explain why someone misjudged the appetite for this “scandal”.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#196
post #194

I don’t mean to speak in support of the CEO, and I don’t say this to support WeWork. > The Wall Street Journal reported last week that Mr. Neumann had taken marijuana on a flight from New York to Israel. In this day and age, where we have businesses that legally sell weed, this sort of commentary appears to be a pointless inclusion of “salacious” details. It is irrelevant to the discussion of whether WeWork has a leg…

The concern is not over the marijuana use per se, but over illegal drug smuggling across international borders. That shows a major lack of judgment and could have resulted in serious consequences for the charter company if they had been caught. Based on that behavior and other reports I suspect Adam Neumann suffers from narcissistic personality disorder.

That seems like a serious diagnosis for anyone to make based off of news coverage alone. I don’t think we are helping the dialog when we propagate such ideas.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#197

With $700M extracted and long term leases to the company for properties that he owns... One could easily ride off into the sunset. It will be interesting, and insightful, to see if that is the tact he takes. If he does... It will add credibility to the already strong case for this being deliberate deceit versus unchecked ignorant hubris.

He’s quoted as saying he wants to be “President of the World” and live forever. This guy isn’t riding off into the sunset.

Modest too I see

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#198
post #190

Earlier quoted context omitted.

Stripe is at a size where they can easily afford all the flexibility they need without a middleman company.

Isn't that We's end goal though? To get billion dollar companies like Microsoft, Stripe, etc. as tenants. People that don't really want to deal with running an entire building when they can just pay someone else to do it.

Yes - but that doesn't indicate that a) the demand exists for such a solution or b) that they will successfully execute on said demand.

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#199
I am randomly bombarded by negative things regarding WeWork on the internet lately. Some posts linked to negative news coverages about WeWork appeared on my facebook feed (business insider articles) I saw somewhere else that how some WeWork division manager wanted employees fired because she didn't like their energy.

I have no opinion about the company neither I want to but I definitely feel pushed to have a negative opinion about them!

Re: Some WeWork Board Members Seek to Remove Adam Neumann as CEO

#200

I am randomly bombarded by negative things regarding WeWork on the internet lately. Some posts linked to negative news coverages about WeWork appeared on my facebook feed (business insider articles) I saw somewhere else that how some WeWork division manager wanted employees fired because she didn't like their energy. I have no opinion about the company neither I want to but I definitely feel pushed to have a negative…

Yeah when the CEO is basically profiting off borderline fraudulent name licensing and leasing agreements there tends to be some moral outrage
Post reply on HN