The Great Success And Swift DownFall of WeWork
By John Roshan Anto, Digital Content Writer, siliconindia | Thursday, 14 November 2019, 07:41:51 PM IST
Risky Business Culture
WeWork’s long term leases in luxurious cities worry the investors and now the company has more than $47 billion in long-term leases obligations. The risk runs through the business is that at the time of recession the freelancers and other small businesses struggle to lease these offices but the company will need to continue honoring its leases. On top of that, the CEO of the company, Adam Neumann owns some of the buildings in which the company leases, which automatically creates a conflict in the interests.