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The Fall of WeWork

114 点作者 heshiebee超过 5 年前

8 条评论

seibelj超过 5 年前
This Adam Neumann guy is a living legend. The inevitable HBO miniseries will have an A-list actor and associates will tell tales of his exploits for decades. $1 billion parachute and public investors never got burned. I feel most bad for the employees, but that’s the free market for you. Bernie Madoff represented the worst of the financial crisis villains, and Adam Neumann is the millennial con artist for the unicorn era. A man of the times.<p>I keep eating up these stories, as I’m sure most of us here are as they keep getting upvoted to the front page. Fascinating
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tracer4201超过 5 年前
Not sure how accurate this article is, but having no background on Neumann nor WeWork, it sounds like a cult that brainwashed a lot of hard working people. Adam sounds delusional at best and a predatory conman at worst, at least from the conclusions one can draw from the article, and Wall Streets delusion on profitability was nothing more than a loaded gun given to a toddler.<p>I’m not sure what conclusions to draw from this - in my own experience, I’ve met managers, directors, and executives who can be very charming and flattering. These are people who I seemed to instantly like... in hindsight, they have some common traits (their ability to sell, 1:1s where the people just talk on and on and on about themselves, their achievements, or their vision without asking about my ideas, vision, concerns, motivations, etc)<p>These are the people you have to be extremely cautious of. In my experience, they are deluding themselves and others, or they are purposely giving that pitch because they see you as a useful pawn for some agenda. I’ve learned this lesson a few times now. I don’t mean to sound cynical but that’s reality.
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Animats超过 5 年前
The real question is, why is the Saudi Arabia sovereign wealth fund such a huge source of dumb money? They propped up WeWork. They propped up Uber. To some end, or just through sheer dumbness?<p>None of this could happen without a huge source of dumb money.
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empath75超过 5 年前
&gt; In another meeting, Neumann said three people were going to save the world: bin Salman, Jared Kushner, and Neumann. Shortly after the news broke in October 2018 that Saudi agents tortured dissident and Washington Post columnist Jamal Khashoggi and carved his body with a bone saw, likely on order from the crown prince himself, Neumann told George W. Bush’s former national security adviser Stephen Hadley that everything could be worked out if bin Salman had the right mentor. Confused, Hadley asked who that person might be, according to a source familiar with the meeting. Neumann paused for a moment and said: “Me.”
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davesque超过 5 年前
Reading this article, I can&#x27;t help but feel like an economic reckoning is on the horizon like none seen before.
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josefrichter超过 5 年前
Fascinating. A lot of the stuff they did still makes sense. Even having a hyperenergetic lunatic as a company face might work. But how on Earth did the investors refuse to address the red flags, that&#x27;s criminal.
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KKKKkkkk1超过 5 年前
&gt; In the wake of the Journal exposé, investor Michael Eisenberg and WeWork CFO Artie Minson held a conference call with WeWork’s directors and argued that Neumann had to step down, two people briefed on the call said.<p>So Minson went to the board behind Neumann&#x27;s back and suggested that Neumann should be fired. Ultimately, Neumann was fired and Minson became co-CEO. The human dimension here is interesting.
barce超过 5 年前
All the firing of brilliant coders at WeWork makes sense now, after reading that Adam is dyslexic. These coders were asked to make something awesome. Given that vague direction, some of the probably did TDD, and tried to show kanban or project management burn lists or something like that. These coders would say the awesome was in the code, and the summary of features for product spec. He should just <i>read</i> it. That probably triggered Adam to no end. And that&#x27;s why in the end he just bought Meetup.com, but even that didn&#x27;t work. He ran into the same problems again. Reading about Adam is like reading about Hitler. The German high command was suckered into thinking a hateful person who couldn&#x27;t stand people more brilliant than him knew it all.
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