4min chapter

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90- WeWork - Business Design Teardown

d.MBA

CHAPTER

Adam Newman's Management Decisions Erode Trust in the Startup

The company loaned Adam Newman $7 million at an interest rate of 64.64%, so below 1%. He used parts of this money to buy property, which he then rented out to rework above market value. How is this legal? It depends on how much away from market value it is. If it's like you just rented out for three times, then it is illegal.

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