How WeWork Exemplifies What’s Wrong With Bad Governance
WeWork, the co-working real-estate group that became a poster child of the current VC bubble, illustrates many of the issues that spring up when governance is weak.
When it filed for its IPO in the summer of 2019, WeWork issue a long list of risk factors. These are common in IPO-related documentation, and sometimes look inflated.
One set of risks, however, drew investors’ ire.
“WeWork CEO Adam Neumann has some very personal ties to the company he runs. Some of the properties that WeWork leases, for instance, are owned by Neumann.” – Business Insider.
A whole list of potential conflicts of interest follows.
What do you think of WeWork’s ties with Neumann? How would better governance have worked? Let us know in the Comments section below.
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