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WeWork plans to file for bankruptcy as early as next week, source says
(www.reuters.com)
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this post was submitted on 01 Nov 2023
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Oh it worked. They made a shit-ton, paid the execs, and then had no more money. That was the plan. 100% success.
I get that they can argue they didn't deliberately do it, but there must be some kind of law that can be used to sue the execs and shareholders for doing that (if proven), right?
I love your optimism. Truly. But no law says a company can’t drain the bank account on salaries and bonuses and then be “shocked” when there isn’t enough money to keep the lights on.
Sue the shareholders?