Page 94 - Wework News Today

Attempt to take control of the company. the software company wework reported less than half of what it reported. >> it takes the shine off ipos. >> it sure does. the former vice president responding to comments warren made after the biden campaign dismissed her medicare for all funding plan as mathematical gymnastics. >> if anyone wanted to defend keeping those high profits for insurance companies and those high profits for drug companies and not making corporations pay a fair share in taxes, ...

For five days. in addition to a 16% pay raise over five years, the teachers contract calls for smaller class sizes and increase of staff. wework founder and former ceo, adam neumann, accused of gender and pregnancy discrimination by his own chief of staff. his assistant was demoted twice. she says she was marginalized by neumann as a vacation or retirement. there were a number of complaints about the culture under his leadership. he stepped down as chief executive in september. 40 million pe...

Country in the world. liberal economists are saying how will you pay for medicare for all? lets not call it a tax. lets call it a premium on middle class families. paul: thats separate. >> thats separate from the wealth tax. paul: the argument about the welwealth tax its a little bt at the top for the rich billionaires. but the thing is, billionaires have lawyers. they have accountants. theyre able to invest in things that maybe are going to be exempted. >> and how you administer it, how do you ...

Colorado. those of you who havent been -- >> its called the rocky mountains. >> they have the rocky mountains out there. so, colorado does not share a border with mexico. perhaps the president misspoke. who knows? patrick lahey used sharpiegate to get it done. or this -- this is awkward, colorado doesnt border mexico. good thing colorado now offers free full-day kindergarten so students can learn basic geography. ouch. as part of softbanks deal to rescue rework, adam newman, the founder, will ...

Country for benefit of a tiny group of people. this is not sustainable. dont lie to yourself and someday when alexandria ocasio-cortez does that. you know what happens. the professor at brown university and were happy to have him. youve taken a good look at this company. what was the business model here? >> its pretty much as you described. im going to fly around and go to los angeles, new york, london and find the most expensive buildings i can and get into really long leases and spending money...

There was no real growth, in reality it was a bloated office rental company with more expenses than revenue. he made millions by buying up properties and then leasing them to his own company. in other words, he looked a lot like an old-fashioned scam. here is the dispiriting part, it worked. softbank, one of the investors just announced thats paying him $1.7 billion to step down as head of the company. give up his voting rights for running a sham corporation. he is now a billionaire. his employe...

Problem, what are the chances we have another failure like wework tanks the broader economy? >> that could happen. we worry about things like corporate debt and low interest rates, if youve an ipo value of 47 billion, lets assume this goes through and they find out its a fraud too. then what happens if the stock market finds out and everybody starts to dump it? the reverberations could be quite consequential. as you also note, there is a lot of this stuff around. wells fargo come all the other t...

Services. >> i think weve got to make it easier for volunteers to serve. >> reporter: in washington, some lawmakers are proposing measures to entice new volunteers, ranging from retirement packages to free utilities. >> making sure that they get the benefits that we would like to see every american get >> so what happens if my family is the one that needs the ambulance that day, for whatever reason and there is nobody here? >> reporter: the system that is supposed to save americans now in need o...

Financing as well as other financing for wework. softbank will have an 80% stake in wework. a tumultuous ride for this stock. lets talk about this big bio tech company biogen after they announced they will be seeking fda approval of their alzheimers drug. what more can you tell us about that? >> this has been a remarkable journey for bio gen, and what we heard yesterday has provided hope for millions of alzheimers patients and caregivers and shareholders. we saw a nearly 40% rally in biogen. t...

Next round of growth. talk to us about this move and what it means for nike. >> well, i think the choice of successor for mark parker is quite interesting and quite telling of the direction of travel for nike from here. he is the former ceo of ebay. he is chairman of the board at paypal. clearly showing the direction of travel for nike is down the digital path. mike parker took over in 2006 and under his leadership nike has seen its stock price surge. his tenure has certainly been successful for...