WeWork

Overall I thought this was well done. It's shocking how a company can grow to a giant but is made of fluff. I enjoyed everything except the end. It seemed like they had no idea how to end it and decided to do something with masks? Just strange.

A few years ago while traveling around Southern California, I noticed the WeWork sign popping up on buildings. At first, I thought it was an employment agency moving in, then I was told that it was floors of suites for rent. I thought that was great because when I was in College, I had heard of "Fegen Suites". Those were the first in floors of offices Lawyers/Attorneys and Government rented.

Fegen Suites shared a common reception area (usually two or three receptionists behind a nice large desk), a few folks in another room answering their phones and taking messages if they wanted (They could have the phones ring through to them if they chose) and could share an administrative area with copy machines, computers, etc. On that floor. It had conference rooms. It was a cost saving measure for young lawyers/attorneys starting out.

These grew popular as top entertainment companies and government offices started using them for "extra office space". Then new Production Companies were using them for their offices, and many small businesses started to rent them, all for the same reason. They did have 'top' real estate salespeople/companies to help rent these suites, and they were consistently full -- even a wait lists. That's what led me to believe that's what WeWork sounded like, but possibly now have been updated for the digital generation of those just starting out.

Boy was I wrong!

I watched this documentary, and it was like watching a horror show on so many levels! I had no idea WeWork was like this at all! The documentary takes you through the two founders Neumann and Miguel, but centering mostly on Neumann and his sales techniques into having young people buy into this WeWork experience. It came across like a Real Estate Cult with Neumann at the head. I had never seen anything in real estate quite like this (and I saw the beginning of house flipping!! Guys, it didn't start as legit as the shows now show.)

This "salesman", Neumann seemed to cultivate a mesh between a pyramid scheme and a cult where he and his wife (who did a few movies and was related to Gwyneth Paltrow - big whoop!) conned banks out of now millions off the sweat of wide-eyed, well meaning young people who fell for his con and did all the work while he took all the glory. What a racket, as as with all rackets this plummeted fast.

The documentary does a good job of telling the tale of WeWork through employee and others interviews, spots of Neumann's ego appearances on programs and films of employee camps, etc. But Neumann and his wife "did not participate in the making of the documentary". Why should they? What can they say to make any real sense out of this? I've seen just about enough to see why WeWork fell so quickly from grace. However, Neumann and his wife will still walk away with a big payday and according to the documentary have already set their sights on something new.

I love these peeks into the top 1% and how they go there. If there's one thing all the CEO/founders of all these companies have in common is that they are all assholes. I guess you have to be able to turn off empathy to exploit your workers. Spoiler, he gets a $1.7 BILLION payout on the end. Did he do anything wrong? Legally, looks like not. Morally, 100%

Throughout watching all i kept thinking was how would Tommy Wiseau rent office space? And what kind of summer camp would he run? And what would his S1 look like?

A company I didn't know that existed, ran by a guy who was believed to be Jesus Christ. WeWork is a good concept. It just needs to be executed properly.