There’s a surreal poetry to Adam Neumann’s apparent efforts to pluck his old baby, WeWork, out of bankruptcy—a company he exited, of course, with a nearly billion-dollar pay package while it torched tens of billions of investors’ money. In today’s issue, a close look at whether this is all yet another P.R. stunt, what to make of the notable absence (so far) of his most ardent backer, and updates on his latest quixotic endeavor.
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One name that hasn’t yet shown up among the rumored investors behind Adam Neumann’s half-hearted effort to acquire his old baby, WeWork, out of bankruptcy, is the venture capitalist Marc Andreessen. Alex Spiro, Neumann’s attorney at Quinn Emanuel, has already name-dropped my friend Dan Loeb, at Third Point, even though Loeb has since described his involvement in this ironic effort as merely “preliminary.” Neumann and Spiro, who is also Elon Musk’s attorney and certainly not a bankruptcy expert, have supposedly also been in touch with...
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