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Foundering

WeWork Part 5: The Universe Does Not Allow Waste

Foundering

Bloomberg

Business, Tech News, Technology, News

4.71.1K Ratings

🗓️ 16 July 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

The WeWork Story, Part 5

Transcript

Click on a timestamp to play from that location

0:00.0

Osage County, Oklahoma is getting a lot of attention right now.

0:04.4

It's the setting of Martin Scorsese's latest film,

0:07.8

Killers of the Flower Moon.

0:10.0

The movies based on a book about the 1920s Osage murders,

0:14.1

when white men poured into Osage County

0:16.4

and killed Osage people for their oil wealth.

0:20.1

I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media.

0:26.8

For over a year I was reporting a different story about other ways white people got

0:32.1

Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here.

0:40.0

Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation.

0:47.0

So how did they get it?

0:49.0

Listen to the award-winning podcast, Ent on the I-Heart Radio app, Apple

0:55.3

Podcast or wherever you get your podcast.

0:59.3

We're going to start this episode with a threat. The threat comes from Adam Newman, the CEO of We Work,

1:06.6

and he was talking to Jamie Hodari, a guy who runs a smaller rival co-working space called

1:12.1

industrious. The two CEOs were considering doing a deal together.

1:16.3

This was in 2017. And to talk it out, Adam invited Jamie to spend the day with him. They were going to fly to Atlanta to tour

1:24.2

each other's offices and Adam wanted to fly Jamie out on a private jet.

1:28.6

I got the calendar invite from his assistant and the plane was leaving from the Hamptons.

1:38.0

And I explained that I don't live in the Hamptons. I live very far from the Hamptons in Brooklyn and I was just going to fly

1:47.1

down commercially and meet them there and we'd still have the whole day in

1:50.1

Atlanta and and she explained that Mr. Newman insists that you come out so I had to take a like two hour

...

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