I read an article that Adam Neumann has a $700 million line of credit against hi... | Hacker News

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		drevil-v2 on Sept 24, 2019 \| parent \| context \| favorite \| on: WeWork’s Adam Neumann Steps Down as CEO I read an article that Adam Neumann has a $700 million line of credit against his WeWork shares and has already drawn down around $550 million of that (to purchase real estate and lease back to We). After the IPO valuation downgrade the banks are now questioning the value of his collateral WeWork shares and could force a margin call. I think this might be driving it.

mruts on Sept 24, 2019 [–]

Also he took out credit against his shares to buy even more shares! I guess I can't fault him for believing but it sounds like an unwise move to me.

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