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The fall of WeWork’s Adam Neumann
Fast Company ^ | 09.28.19 | Katrina Brooker

Posted on 09/30/2019 6:11:54 PM PDT by Zhang Fei

It was a glorious spring morning in New York, and sunlight streamed through the windows of 115 West 18th Street. This is the global headquarters of The We Company, and I was there to meet with its CEO and cofounder Adam Neumann. He greets me warmly as I am ushered to his office, and he gestures for me to follow him to a small room in the back of his workspace. He said he wanted to show me something.

He looked happy, smiling confidently, the way a guy sitting on top of company valued at $47 billion might.

The room in the back was small, Spartan—a stark contrast from the bustling We headquarters just beyond. It had one window, overlooking a small alley. A whiteboard sat in the corner and was covered with scribbles. Neumann blocked it with his long arms and politely asked me not to look. These were his private thoughts, he said. He comes here to meditate as well as to pray, he told me, nodding toward some beads lying on a small table. With his long black hair and T-shirt that read Always Love, it was very easy to picture Neumann sitting here in lotus pose, chanting mantras.

Hanging above the couch was what he brought me here to see: a massive picture of himself. It was not quite life-size—Neumann, as all profiles note, is 6’5″—but it took up most of the wall. Neumann was on a surfboard, gliding over a glassy sea. His lithe, athletic build, jet-black hair, and intense expression were striking.

But something else caught my eye. The water looked oddly flat. There was no curl or barrel or crest. It was hard to tell if there was a swell actually forming. I asked if he remembered how big the wave was. “Huge,”

(Excerpt) Read more at fastcompany.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: ipo; israel; maybescam; wework
The guy is apparently married to Gwyneth Paltrow's cousin. Masayoshi Son, Japan's 2nd richest man, Sprint's controlling shareholder and a Berkeley alum, backed Yahoo and Alibaba before they made the big time. Both of these turned out to be big winners. WeWork, which he funded with over $10b, may turn out to be his first big misfire. Win some, lose some.
1 posted on 09/30/2019 6:11:54 PM PDT by Zhang Fei
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To: Zhang Fei

Ehud Barak and Rahm Emanuel were involved with financing for WeWork.


2 posted on 09/30/2019 6:19:57 PM PDT by Steely Tom ([Seth Rich] == [the Democrat's John Dean])
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To: Zhang Fei

Never heard of cofounder or company


3 posted on 09/30/2019 6:31:02 PM PDT by Nifster (I see puppy dogs in the clouds)
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To: Zhang Fei

$47 billion in lease obligations...

“What, me worry?”

Famous Neuman saying.


4 posted on 09/30/2019 6:39:07 PM PDT by DUMBGRUNT
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To: Zhang Fei

What a bizarre story.

Genius is so often paired with madness.


5 posted on 09/30/2019 6:42:57 PM PDT by freedumb2003 (As always IMHO)
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To: DUMBGRUNT

[$47 billion in lease obligations...

“What, me worry?”

Famous Neuman saying.]


If Alfred E. Neuman had a son ...


6 posted on 09/30/2019 6:53:48 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: Zhang Fei

Skimmed through this - he sounds impaired and quite volatile.


7 posted on 09/30/2019 7:45:39 PM PDT by GnuThere
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To: GnuThere

But... he’s tall and lithe.

LOL


8 posted on 09/30/2019 8:31:50 PM PDT by Two Kids' Dad (((( Wake me when a prominent democrat actually gets prosecuted. ))))
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To: Two Kids' Dad

[But... he’s tall and lithe.

LOL]


Not sure whether the lady author was really taken with him or if that was just literary convention.


9 posted on 09/30/2019 9:50:08 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: Zhang Fei

This whole stuff that is going on ie, I have an idea so throw billions at me (don’t worry about making money), is really starting to feel like and look like the dotcom build up and collapse.


10 posted on 10/01/2019 12:01:05 AM PDT by Herakles (Diversity is applied Marxism!)
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To: Zhang Fei

I’m sure this failure won’t ding him in the slightest. He got his cut first.


11 posted on 10/01/2019 4:41:21 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: Two Kids' Dad

And has pretty hair.
He’s apparently mesmerized a lot of people, as cult leaders do.


12 posted on 10/01/2019 6:46:32 AM PDT by GnuThere
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