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Viewsroom

Viewsroom: WeWork overhaul won’t be enough

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 26 September 2019

⏱️ 26 minutes

🧾️ Download transcript

Summary

Adam Neumann lost his CEO role and control of the shared-office provider after its valuation plummeted in preparation for a now-postponed IPO. But WeWork’s business model remains a problem. Plus: Thomas Cook’s collapse hits China’s Fosun. And: parsing financial climate pledges. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.7

The economist know which way is up.

0:20.8

The views expressed on this podcast are those of the participants. perspective. The economist know which way is up.

0:26.4

The views expressed on this podcast are those of the participants, not of Rogers News.

0:31.2

Welcome to the views room. I'm Anthony Curry and with me is my co-host, Jennifer Saber. Hi, Jen.

0:35.9

Hello. So later in the show, we've got a couple of things for you. We'll be going to Asia to assess the impact of the collapse of travel company Thomas Cook on Chinese conglomerate Foson.

0:46.7

Then we'll come back to New York and to London to delve into the pledges the financial world made at the United Nations Climate Action Summit in New York.

0:55.6

We kick it off, though, with Adam Newman's spectacular fall from the top of WeWork.

1:00.5

This week, he set down as CEO and relinquished majority control of the shared office space company he founded.

1:06.4

We're joined by Rob Siren in New York. Hello, Rob.

1:09.6

Hey, John.

1:10.1

And Liam Proud in London. Hi, Liam. Hi, York. Hello, Rob. Hey, Jen. And Liam Proud in London.

1:11.9

Hi, Liam.

1:13.1

Hi, guys.

1:14.4

Hey, Liam.

1:14.9

So you guys are going to help us explain this big mess and what went wrong and why it kind of

1:21.8

went south so quickly.

...

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