fne8w2ah@lemmy.world to A Boring Dystopia@lemmy.worldEnglish · 8 months agoWeWork founder remains a billionaire even with firm’s bankruptcy | The Straits Timeswww.straitstimes.comexternal-linkmessage-square56fedilinkarrow-up1332arrow-down114
arrow-up1318arrow-down1external-linkWeWork founder remains a billionaire even with firm’s bankruptcy | The Straits Timeswww.straitstimes.comfne8w2ah@lemmy.world to A Boring Dystopia@lemmy.worldEnglish · 8 months agomessage-square56fedilink
minus-squarekandoh@reddthat.comlinkfedilinkarrow-up0·8 months agoIt’s weird because usually the majority of a startups founders wealth is stock in the company. So even if he left and wasn’t involved, the majority of his wealth would still be tied to the company.
minus-squareprotist@mander.xyzlinkfedilinkEnglisharrow-up1·8 months agoHis behavior became a huge liability to the company, so he was bought out by the investors a while back
It’s weird because usually the majority of a startups founders wealth is stock in the company. So even if he left and wasn’t involved, the majority of his wealth would still be tied to the company.
His behavior became a huge liability to the company, so he was bought out by the investors a while back