> As WeWork CEO, Neumann on multiple occasions purchased buildings and then leased the space back to WeWork.[56] Observers noted this as a potential conflict of interest and one that would not be allowed if WeWork were a public company.
Isn't it unethical? The VCs in the podcast All In and the firm a16z defended Neumann because he bootstrapped a real-estate sector into a billion-dollar business even before getting huge VC investment. I don't doubt that, but didn't everyone say the most the important thing in a leader is integrity? Yet I hardly see how one can trust Neumann again as he skimmed his own company's money.
Isn't it unethical? The VCs in the podcast All In and the firm a16z defended Neumann because he bootstrapped a real-estate sector into a billion-dollar business even before getting huge VC investment. I don't doubt that, but didn't everyone say the most the important thing in a leader is integrity? Yet I hardly see how one can trust Neumann again as he skimmed his own company's money.