In a statement, a WeWork executive said that given enough time, his company’s prime office spaces would be successful. “Location and market maturity play a significant role in driving building occupancy and profitability, which we are highly focused on under our new direction,” said Nick Worswick, global head of sales at WeWork. “We look forward […]
‘It’s Definitely Pretty Empty’: Why Saving WeWork Will Be Hard Read More »
The board of WeWork, the cash-starved purveyor of shared office space, could choose between two competing financial rescue packages as early as Tuesday, according to people with knowledge of the matter. One is being offered by SoftBank, and another from a financial consortium led by JPMorgan Chase. SoftBank, a Japanese technology giant that is already
WeWork Considers Rescue Plans From SoftBank and JPMorgan Read More »
Mr. Kelly has reason to be worried. After all, when C.E.O.s do push for real, meaningful change, the judgment can be swift and harsh. In 2015, David Crane was chief executive of NRG, one of the country’s largest power producers — and one of its largest polluters. Mr. Crane believed that NRG had a moral
The Week the C.E.O.s Got Smacked Read More »
“Investors are buying the future, so help them pencil out the future,” said Rett Wallace, whose firm, Triton Research, analyzes tech companies that are going public. “You can do that with Pinterest. You can’t do that with WeWork. You can’t do that with Uber or Lyft either.” Charles Kantor, a senior portfolio manager at Neuberger
Wall Street Deflates America’s Favorite Start-Ups Read More »
