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Introducing WeCrashed

2020-01-29

The Rise and Fall of WeWork is a stunning story of hope and hubris. WeWork was the poster child for a new economy. Its founders wanted to revolutionize everything about the way people lived their lives. Its charismatic founder Adam Neumann had an intoxicating vision for the company — but did it ever match the reality?

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Ice rink next door, listeners you're about to hear a preview of wonders, newest podcast. We crashed, you won't believe the twists and turns the story takes the tech darling we work was the poster child for a new economy. We works founders wanted to revolutionize the way people work, how they live sleep and even how they raise their kids. It's charismatic, founder, Adam Newman had an intoxicating vision for the company, but it never matched up with reality from Wondery the makers of business wars and dirty John comes. We crashed a six part series about the rise and fall of wework. It's a story of hope and hubris. We crashed peels back the layers on how Newman's cult of personality shaped every square foot of we work and how that same, powerful personality destroyed it you're about to hear a preview of the first episode of we crashed.
As your listening, be sure to subscribe to, we crashed and other great wonder he shows on Apple podcast, reverie listening right now, June. Twenty seventeen and the Barclay Centre in Brooklyn was packed nearly we see the arena was filled with thousands of group college graduates and their families and looking at all the parents looking to salute them, see horns just people smiling. I think I had a small. My faith he's probably the whole time while the princess was graduating. Second, in his glass, which meant he had one of the best seats of the house, I was on stage and it was just I'll be seated next to you know some distinguished people you're before Senator Chuck. Humor had been the commencement speak. This year, though, was different, because this year, person giving the speech was also gradually just like climate,
welcome to recall its class of twenty seventy soon as he walked on state guy long here, slick back, look at you hold out the roll out of his trunk and as a guy down this little thing for the ceremony, but I think you'd be how to his, where you ve been a t, shirt and some Vans Adam Newman, all sixty five of Evan had taken fifteen years from his first class. To finally get his college degree Harry was looked out or to see a black water boards and clasped his hands together what looked like a gesture of prayer? It's my honour and privilege to graduate with all of you today billowing road flowing black hair and arms, outstrip Adam look more like a preacher them what he actually was. The c o of a multi billion dollar start up called. We were, and Adam was here to spread the spirit of we Who is definitely not a traditional commencement speech. Their necks resolution is going to be the we river
and the We revolution is going to be led by the weeds. There we generation does not discriminate between age, race or religion their hands up. If his companion, a people standing out in China Ma Am, he could think of somebody being the life of the party he could think of him, so was quoted in the other students. Leslie Adam told them his story. How he had first moved to New York from Israel to get a degree Arup college I spend my there's two years and baroque studying little bit and parting a lot, but then a close friend of his came from Israel to visit. He looked at me and said: is this why you left it Well, is this why you left your family? You loved ones, everyone you care about to go party. City? I was inspired by his words and by his horse criticism. I woke up the next morning and said it's time to start my
business adventure. Eventually, Adam left route behind his business career took on board was here to day he said because, even after he become a billionaire, all his grandma ever wanted was for him to finish college soft thirsty, who paid for my Alteration she really they want me to graduate. She really did and you're asking me every year. When are you graduating? When are you graduating? And I say this to you know we ve every family would build us what we're doing well, no when are you graduating? I need to hang it above my bed. It was a good story. Adam was a great story, teller, he commanded a presence, unlike any other, he definitely took everybody's attention. So is this very different, a different kind of message? We are we end. If we work together, we cannot be stopped. We work business Adam found. It was more than just accompanied him.
Yes, he wanted to become the world's first trillion air, but he also truly believe that his company will fundamentally change not just how people work how they raise children, how they communicate with one another. believed. He was on the brink of making history and in a way you know he was because Adam Newman was about to preside over the largest fastest, wipe out of shareholder value by a single company since Enron. Looking back, maybe the most telling moment of the whole commission speech was when he shared a story about his first date with his wife, Rebecca, went on the first stage with me and we, In five minutes now I say five minutes to be nice, but surely took ten seconds me straight in the eye and she's you, my friend, are full of that was a preview of we crashed subscribed today on Apple pie, cast
you're listening right now,.