I'd argue that they would have been reasonably happy with their salaries (and any other perks) while they were employed (otherwise they would have gone elsewhere). And whilst I've not read the article chances are there will be some severance payout. And whilst it's inconvenient there's a good chance many of them will find employment elsewhere. Lastly, the writing's been on the wall for some time now. I'd like to think that they would have braced themselves for this eventuality.
Look even if you want to be obtuse and pretend its not bad that people got lured into jobs that couldn't possibly last, and may have uprooted families only to get laid off now, and have to uproot them again, even pretending that is no big deal, which it is, but let's pretend.
MAYBE you can feel some emotion for the investors whose money was essentially stolen, by a scam artist?
>MAYBE you can feel some emotion for the investors whose money was essentially stolen, by a scam artist?
Honestly, I think investors were quite aware of what kind of business WeWork is. They were hoping to dump the whole hot mess to public markets and walk away, and they failed.
I don't agree with the person you are replying to either, however I don't feel much emotion for VCs who throw their money around and don't do their proper due diligence.
A property leasing company that sub-leases property owned personally by the CEO is a massive conflict of interest and a huge red flag, how these "professional investors" came to the conclusion that it would be a good idea to invest is beyond me.
> MAYBE you can feel some emotion for the investors whose money was essentially stolen, by a scam artist?
I've got plenty of sympathy for people being laid off I was just putting forward the case that it was good while it lasted. Less so for investors. From the perspective of the latter you win some, you lose some. And any concerns should be raised with people that funded the company to the tune of billions with what appears to be little governance or due diligence.
I feel no emotion for the investors since these are professional VC funds which should be fully aware of the risks involved. However, the situation would have been very different if they pulled out the IPO, cashed out to (among others) individual investors and then folded.
>MAYBE you can feel some emotion for the investors whose money was essentially stolen, by a scam artist?
Please explain what the scam was, and how money was forcefully or fraudulent taken from the investors. Was the scam the public knowledge of a CEO using private jets to smoke weed and vacation with company money and speaking in cultish phrases? Was it the lack of cash flow? Was it the obvious lack of any moat?
