Neumann is the one making the deals for rentals- including the price. As the rep... | Hacker News

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		mabbo on Jan 16, 2019 \| parent \| context \| favorite \| on: WeWork’s CEO Makes Millions as Landlord to WeWork Neumann is the one making the deals for rentals- including the price. As the representative of the company he is incentivized to reduce the rental price as much as possible. But as the owner on the other side of the same deal, he's incentivized to increase the price as much as possible. The problem with this is that as CEO, he's talking about someone else's money (investors) while the other side he's talking about money in his pocket. How can there not be a conflict of interest?

evanweaver on Jan 16, 2019 | [–]

I didn't deny there was a conflict. I'm just saying it's not a conflict that automatically benefits him at the expense of the company.

uberdru on Jan 16, 2019 | [–]

How can you be sure he's assuming any capital risk? It's far more likely that any downside would be passed on to shareholders.

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