• Triton

WeWork firing Neumann doesn't fix problems with losses and opacity - Wallace

In an appearance today on Bloomberg TV, Triton's Rett Wallace discussed the future of WeWork following the resignation of CEO Adam Neumann following the poor reception to the company's filed IPO prospectus. "WeWork suffered from three things that are not good for a company," said Wallace in the interview. "The first was significant losses, the second was opacity (they made it really difficult to analyze the Company), and third was really 'arrogance' in the form of related party transactions, 20 votes per share and a number of similar things. The only thing that changed today would be related to that third bucket; the problems with losses and opacity remain." Excerpt from the Bloomberg TV interview - HERE