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WeWork founder remains a billionaire even with firm’s bankruptcy | The Straits Times
(www.straitstimes.com)
this post was submitted on 09 Nov 2023
328 points (96.3% liked)
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Didn't he separate from the company a long while ago? Whatever's happening in WeWork right now isn't his business anymore
Oh. Are you not aware of the background of this whole thing? The company didn't fail after he left. The company was a scam right from the start and he was directly involved. He's just a grifter.
https://jacobin.com/2019/11/wework-adam-neumann-con-artist-grifter-entrepreneur
I am very aware, not saying he wasn't involved, just that he is no longer involved and hasn't been for awhile
It's weird because usually the majority of a startups founders wealth is stock in the company. So even if he left and wasn't involved, the majority of his wealth would still be tied to the company.
His behavior became a huge liability to the company, so he was bought out by the investors a while back
Yes.