Adam Neumann jacked $10B in funding from dumb, rich, foreign investors (SoftBank). Over 80% of that money was pumped into salaries and domestic real-estate deals.
Why are people mad about this? Dude is a modern Robin Hood -- a national hero. Let him keep the $1.7B change.
Into domestic real estate deals that he often played on both sides of the coin.
He was in this to build an empire and a dynasty. He tried to write his family into leadership / ownership in perpetuity.
He wasn't freeing money from the "dumb, rich, foreign investors" for the good of the people, but for the good of himself. Anything that fell to the people was happenstance, and after he'd had first pickings.
How about the fact that thousands of peoples lives might be disrupted or ruined by financial mismangement. People probably moved to work for wework. Leases might be defaulted on. In some markets they were the largest user of commercial real estate so I am sure it will be somewhat bad for wework to implode.
They did invest in Alibaba as well as ARM and Uber and runs the SoftBank Vision Fund. They may have failed huge on this one but have been doing quite good.
Why are people mad about this? Dude is a modern Robin Hood -- a national hero. Let him keep the $1.7B change.