And from the real estate pros at the Commercial Observer, June 11:
WeWork Appoints Cushman & Wakefield’s John Santora as CEO, Exits Bankruptcy
WeWork (WE) might be considered out of the proverbial woods after officially exiting Chapter 11 and bidding farewell to yet another CEO.
The coworking firm has sidestepped about $4 billion in debt as well as avoided falling back into the hands of its founder and former CEO Adam Neumann, in the process naming Cushman & Wakefield (CWK)’s John Santora to the role of chief executive.
Santora will replace David Tolley, who led WeWork through the bankruptcy process, starting the position in October 2023 and the company filing Chapter 11 about a month later. A federal judge approved WeWork’s bankruptcy restructuring plan at the end of May....
....MUCH MORE
For years the dream was to bet against the privately held WeWork. Then after much drama it came public and that dream was realized. Sadly though, under the new CEO I'm pretty sure we won't have a reprise of such short-side insight as:
Roger that, energy and spirituality. Over....
