Adam Raised a Cain

“The old business model, in case it’s not obvious from this McKinsey-ified chart, had been to make stupid graphics to show investors in hopes that they give ex-CEO Adam Neumann more money. The new business model will be to beg investors to give money to the new co-CEOs, who will radically change the company by wearing suits to investor presentations instead of ill-fitting t-shirts.” Matt Stoller: WeWork and Counterfeit Capitalism.

+ Does it make you feel any better that WeWork’s plan for a brighter financial future includes firing nearly 20 of Neumann’s family and friends and selling his $60 million private jet?