WeWork CEO makes millions leasing buildings to WeWork
- Thread starter Specterx
- Start date
Thanks @Banjo. Replying to @Stockolio, I don't understand what the use of "Community-Adjusted EDITBA" in the company's reporting for a bond offering has to do with the terms at which the CEO leases property to his company?
.... The guy is a fucking scam artist! The only alignment he is doing is other people's money in his pocket, period
Wework US Bonds pay higher then 10 % yield, in a asset deflation cycle, real estate leasing company losing over a billion last year of other people's money, and he is rigging financial's like never seen... He is the Theranos of real-estate leasing, complete sham
OK, you clearly don't like the guy (I'll venture that people like you said exactly the same thing about Bezos for many of the first years of Amazon). Regardless, I made a very specific comment about if the terms of the lease and if that is a net positive or negative for shareholders. Your response has absolutely nothing to do with those specifics and is just a general rant, you can expect people to be confused when they assumed you had something intelligent to add.
Get out of here idiot, who said anything about Bezos, he is a genius what are you talking about ? I do not see why you are even debating about his snaking issues of buying building personally, LEASING LONG TERM his company's money ( which is 100 % other people's money ) since they lost shit ton since inception, and renting out SHORT TERM... For a genius like you to understand, I will spell it out for you
He buys a building with salary he made from the company he is bleeding, leases long term in his building guaranteeing his personal investment, which means whether there is a tenant or not, whether his company is losing money or not, doesn't matter, he is building equity in his properties, get it ? He doesn't give a fuck about company profits, he is bleeding it dry... He buys building, gets Wework to lease it on 10 years, and then wework leases it short term, but with turn over ratio's, in the real world that concept simply loses money, it is a bankrupt business model if you are paying 10 % interest on debt
He buys a building with salary he made from the company he is bleeding, leases long term in his building guaranteeing his personal investment, which means whether there is a tenant or not, whether his company is losing money or not, doesn't matter, he is building equity in his properties, get it ? He doesn't give a fuck about company profits, he is bleeding it dry... He buys building, gets Wework to lease it on 10 years, and then wework leases it short term, but with turn over ratio's, in the real world that concept simply loses money, it is a bankrupt business model if you are paying 10 % interest on debt
Sig tries to get under people's skin. when he doesn't succeed or can't refute the other person's opinion he puts them on ignore. may you be one of the chosen.
He is a tool pretending to know about business, that's all he is... He doesn't even know what he is talking about, what the company does. How can even argue this ? He has no facts on how the owner isn't snaking other people's money, he just has his bullshit opinion, can't wait for his opiniated reply on how wework isn't a fraud and is legit
Sig tries to get under people's skin. when he doesn't succeed or can't refute the other person's opinion he puts them on ignore. may you be one of the chosen.
Sig is the most intelligent person on this forum. His posts are not only filled with knowledge but also critical insight.
He’s right: community adjusted ebitda has nothing to do with self-dealing leases.
Again, your rant has nothing to do with my comment let alone does it constitute an intelligent response of any kind. I'm not sure what this guy did to piss in your Wheaties but you need to just chill out. If you want to talk business any day I'm happy to. I've started and run two successful companies, you?
You don't run any successful businesses, and even if you run a shitty company considering your Logical Thinking process, it clearly doesn't involve reasoning or much numbers crunching I can promise you that... Explain what you mean by, it depends on the terms of his lease ? He gets Wework to lease long term in his buildings, he gets paid no matter what, regardless if " his " company lost 1.2 billion last year... Rents short term, paying 10 % debt on leverage
Please explain the phrase, he's actually concentrating his personal risk and aligning his incentives more closely with the company, with the business model he has ? How does it benefit his company and investors in what he is doing ? I am curious how your chain of thoughts led you to that deduction