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Speaker 1: What still in Chicago met me. This is the part

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Speaker 1: two of our episode on Adam Annointment and We Work.

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Speaker 1: I'm Robert Evans, hosted Behind the Bastards podcast Bad People

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Speaker 1: Talk About Them Introduced poorly. My guests in part two,

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Speaker 1: as with part one, are Dan Jordan's. I pointed at

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Speaker 1: the wrong ones of you don't worry about it, but

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Speaker 1: I know which ones you are? Should I do the bit?

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Speaker 1: Robert what? Robert what? I don't understand the bit. It's

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Speaker 1: the beginning, it's the opening bit. Never mind, okay, Jordan?

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Speaker 1: Right where you asking? Where you ask a question you

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Speaker 1: can ask would be interesting a question in their podcast.

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Speaker 1: I have planned several questions in the podcast Robert, do

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Speaker 1: you like music? Yeah? In the podcast that these two

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Speaker 1: do where they talk a little bit about Alex Jones. Uh.

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Speaker 1: Jordan's who normally is the person who comes in cold,

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Speaker 1: asks Dan a question at the start, and I guess yeah,

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Speaker 1: because you hit me hit me up with a question. Oh,

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Speaker 1: let's see, Robert, have any experience with roller coasters? What's um?

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Speaker 1: I've only ever loved one roller coaster, Jordan's and it

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Speaker 1: wasn't a roller coaster, Um, it was a It was

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Speaker 1: a it was a virtual reality sort of experience, and

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Speaker 1: six Flags over Texas US a little bit, a little bit,

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Speaker 1: you were like a like an F sixteen pilot breaking

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Speaker 1: the sound barrier. It was very cool. Not really a

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Speaker 1: roller coaster. I don't really like roller coasters. I've been

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Speaker 1: on a number of them. It's fine, it's just not

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Speaker 1: my thing. Um but but I liked that ride and

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Speaker 1: then six Flags took it away from you. Specific one day,

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Speaker 1: One day I will take vengeance. Okay, that is that

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Speaker 1: is I want to clarify that is absolutely a terroristic

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Speaker 1: One day they're gonna wake up and it's only gonna

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Speaker 1: be five flat not damn it. Yeah, I'm gonna take

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Speaker 1: at least I'm gonna take at least eight of those flags.

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Speaker 1: I don't know how to do that percentage. It's hard

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Speaker 1: with the ballpark. And my answer is I liked that one.

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Speaker 1: Mr Toad's Wild Ride thing that wind in the willows,

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Speaker 1: that is that gets drunk and the bar Rabbit one run.

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Speaker 1: I love that one before and then in a different

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Speaker 1: way after I realized how racist there was. Yeah, yeah, yeah, yeah,

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Speaker 1: it was a real Before it was just like, this

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Speaker 1: is a fun ride. I'm seven and after it was like, really, really,

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Speaker 1: still it is two thousand and four. That's that's Splash Mountain, right,

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Speaker 1: isn't it that that's the one that has the bray

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Speaker 1: rabbit and because I think at the end of it

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Speaker 1: you go over the waterfall and it killed that guy. Yeah,

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Speaker 1: I think so, and that there's so much to unpack

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Speaker 1: about Splash Mountain. I mean it has that Song of

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Speaker 1: the South can action to it. There's also like a

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Speaker 1: tradition of people flashing on the way down, like for kids,

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Speaker 1: there's a lot. There's a lot going on with a

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Speaker 1: very complicated Disney parks in general. My favorite was You

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Speaker 1: Go Up, and my favorite the velveteen dream Wrestler Fantasty.

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Speaker 1: They should have a velveteen Rabbit ride where they just

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Speaker 1: take something the children love individually and destroy it in

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Speaker 1: front of less of a ride and more of child abuse.

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Speaker 1: But yeah, if it were Adam, it would be a

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Speaker 1: bottle of tequila. Yes, thank you for bringing it back

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Speaker 1: to Adam Noyman. Great transition, very smooth. So we ended

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Speaker 1: the last episode with with we work nearing its height

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Speaker 1: until seventeen with a lot of money just gets this

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Speaker 1: in flush four point four billion dollars fucking cash, which

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Speaker 1: they used to make Adam's dumbest dreams come true. Dizzy

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Speaker 1: double back to the baby clothes in a way. Now

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Speaker 1: to the KKK crawlers, it did advocate. Now, before we

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Speaker 1: get into all that what he did with all this

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Speaker 1: VC money, I want to start this episode. I'm talking

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Speaker 1: a little bit about cults some more. Now. We Work

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Speaker 1: has been described by a number of former employees as

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Speaker 1: quote like Annoyment has been described as a cult leader.

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Speaker 1: Former employees often call his personal charisma almost intoxicating. One

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Speaker 1: former executive said, if you had to go to war,

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Speaker 1: you wanted him to be your general. Another recalled his

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Speaker 1: sense of himself is beyond human. When you're in a

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Speaker 1: room with Adam, he can almost convince you of anything.

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Speaker 1: There are certainly Colt like tactics at use and we Work.

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Speaker 1: Colts endeavored to separate their members from the wider world

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Speaker 1: and the friends and family they have outside the cult,

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Speaker 1: and you could argue that things like thank God it's

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Speaker 1: Monday and mandatory after ours fun events fulfill that role.

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Speaker 1: They also rely unconsciousness alteration directs. This is all stuff

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Speaker 1: we've talked about keeping people tired exhausted, fucked up, And

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Speaker 1: of course the fact that I I will note in

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Speaker 1: a point of fairness that the fact that Ada himself

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Speaker 1: was often one of the drunkest people in the company

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Speaker 1: makes this a little bit less manipulative. It's sort of

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Speaker 1: like he kind of just digs that stuff. Yeah, it

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Speaker 1: would be a much clearer red flag if he was

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Speaker 1: not drinking and handing out alcohol. Yeah yeah, that that

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Speaker 1: would be that would be deliberately drugging his employees. Yeah. Yeah,

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Speaker 1: So it's more complicated than just he's a cult leader,

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Speaker 1: but he uses a lot of those tactics um clearly,

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Speaker 1: maybe just sort of you get the feeling with him

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Speaker 1: that it's a lot of it's not as much intentional

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Speaker 1: as it is like instinctive um, which I guess is

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Speaker 1: how we get our first cult. Some people just know

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Speaker 1: how to do that. Know, my family was in a

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Speaker 1: cult whenever I was born, so I know all of

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Speaker 1: the tricks and all of the ways that you get

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Speaker 1: kind of accidentally swept up in all of that ship

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Speaker 1: and then next thing you know, everybody's wearing the same

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Speaker 1: clothes dancing around a fire to journey. Yeah, tragic, that's

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Speaker 1: the just the drain everybody's circles. Although people should consider

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Speaker 1: joining the cult that I'm gonna start where you go

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Speaker 1: give me the elevator pitch. We're people to talk in elevator.

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Speaker 1: I mean it's it's a mix of people gifting me

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Speaker 1: with large amounts of machetes, getting really high and shoving

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Speaker 1: Adam Noyman off of buildings. It's gonna be a good Colt. Oh,

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Speaker 1: I was just I was just cont there's a there's

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Speaker 1: a shelf life to this thing. Is there's one Adam

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Speaker 1: Noyman there is? There is the great thing about shoving

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Speaker 1: people off of building says there's always more people in

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Speaker 1: more buildings. That's true. Or if you can just keep shoving,

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Speaker 1: which is our motto, just keep you, just keep shoving.

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Speaker 1: They're going to this Adam we work situation. Maybe we haven't,

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Speaker 1: like actual time hasn't really hit that point at so

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Speaker 1: I can't say now if we're going to compare it,

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Speaker 1: now him into a cult leader and we worked to

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Speaker 1: a cult Keith renieris Nexium. Colt might be the best

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Speaker 1: one to reference Listeners to Part three of our series

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Speaker 1: on Keith Ranieri and Nexium. What recalled that he hosted

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Speaker 1: a yearly event called Vanguard Week, where followers from all

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Speaker 1: over the globe would fly in to celebrate Keith's birthday.

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Speaker 1: In the same vein, we Work had Summer Camp, an

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Speaker 1: annual event where employees would gather, celebrate, and network. Here's

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Speaker 1: The New York Times talking about this fun Setadays. All

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Speaker 1: kinds of activities were offered, yoga acts, throwing leaf printing,

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Speaker 1: a drum circle, along with entertainment by an expensive array

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Speaker 1: of visiting performers. The chain Smokers once played and received

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Speaker 1: we Work stock as part of their fee, while the

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Speaker 1: weekend was flown in from Toronto by helicopter. Tenacious We

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Speaker 1: an employee band, has also performed sounds insufferable. That's terrible.

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Speaker 1: I don't even want to see the real version. It

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Speaker 1: was just so much everything. One former executive said, alcohol, drugs.

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Speaker 1: There was not a lot of food. That was the

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Speaker 1: only thing. There wasn't a lot of anything that would

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Speaker 1: bulwark you against against the alcohol day drugs. Yeah, I'm

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Speaker 1: super high already, but I'm very hungry. I'm gonna eat

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Speaker 1: all of these mushrooms. Yeah, just for some that has

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Speaker 1: happened to me once and I It's not a great food. No,

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Speaker 1: nor is it a great idea? As you were describing

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Speaker 1: that festival, I did point at you very aggressively because

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Speaker 1: they kind of almost swung you with the ex throwing,

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Speaker 1: didn't they look my My cult would indeed center around

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Speaker 1: lots of drugs, throwing axes, dancing around fires the weekend.

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Speaker 1: Well that song often actually I do, I do, but

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Speaker 1: like but that's all sounds suspiciously like the great outdoor games. No, no, no, no,

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Speaker 1: there's no I feel like I feel like adding an

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Speaker 1: element of competition to throwing sharp objects at inert things

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Speaker 1: cheapens it. You just you just throwing axes and knives

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Speaker 1: for the joy of throwing sharp things at wooden thing,

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Speaker 1: the purity of the exact exactly now. Summer camp included

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Speaker 1: educational interludes like speeches from quantum physicist Michael Brooks, alongside

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Speaker 1: beer pong and dancing to electronic music. And in the

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Speaker 1: midst of these days long buccan oals two employees plagued

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Speaker 1: with drugs, limitless alcohol, little food, and less sleep. Adam

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Speaker 1: no Himan would preach his gospel. In a two thou

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Speaker 1: thirteen summer camp. He took to the stage to say,

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Speaker 1: I think the thing that all of us know is

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Speaker 1: that if you want to succeed in this world, you

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Speaker 1: have to build something that has intention. Every one of

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Speaker 1: us is here because it has meaning, because we want

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Speaker 1: to do something that actually makes the world a better place,

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Speaker 1: and we want to make money doing it. The crowd

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Speaker 1: reportedly broke into wild cheers at this. One former senior

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Speaker 1: executive who was there later recalled, so many of the

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Speaker 1: people were young and had never worked in a real company.

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Speaker 1: They bought all of it. I realized after I got

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Speaker 1: there it was a cult now. Summer Camp started as

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Speaker 1: an event on the land of some of no Himan's friends,

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Speaker 1: but in two thousand seven teen moved to the English

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Speaker 1: country side. Using some of the billions of new money

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Speaker 1: pumped into via soft banks four point four billion dollar infusion,

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Speaker 1: they flew employees in from all around the world. Attendees

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Speaker 1: reported that they were allowed to walk up to the

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Speaker 1: bar and ask for multiple entire bottles of wine at once.

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Speaker 1: People played Edward forty hands with fancy bottles of rose,

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Speaker 1: which is what I would do. Yeah, that part sounds great. Yeah,

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Speaker 1: that's when you realize the liquor is free and expensive

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Speaker 1: and they'll just hand you bottles that's what you do.

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Speaker 1: Have you ever done that? Hands? Yeah? The worst thing

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Speaker 1: I've done in fucking Lubyana Slavinia was you can buy

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Speaker 1: two liters of wine in a gigantic juice box for

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Speaker 1: about a dollar and a half um, and you mix

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Speaker 1: it with equal parts pepsi, and it is the worst idea.

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Speaker 1: Do you duct tape those to your hands? I know,

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Speaker 1: we just drank um. I blacked out, throwing an empty

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Speaker 1: bottle on top of the stranger's roof, and I came

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Speaker 1: to alone without any of my friends near me, receiving

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Speaker 1: a falafel from somebody having already paid with my phone,

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Speaker 1: gone nine in the morning, like eight hours later, just

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Speaker 1: the first time, only time that's ever happened. We're just like,

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Speaker 1: I black out and I come back in the middle

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Speaker 1: of a transaction. Yeah, I had no I was alone,

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Speaker 1: but I had lost the friendship content I I did

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Speaker 1: that once. I taped duct tape forties to my hands wine. Yeah,

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Speaker 1: it's terrible. It's terrible because you eventually have to bee. Yeah,

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Speaker 1: it's steel reserve. Isn't something anyone should drink two of? Yeah,

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Speaker 1: that's definitely true. Yeah, me and my buddy has also

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Speaker 1: had a thing we did called freedom forties. That was

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Speaker 1: you have to chugle forty and nine minutes and eleven

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Speaker 1: seconds for else the terrorists win. It's just shockingly hard

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Speaker 1: to do because forties are ghastly. Yeah, it's really the

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Speaker 1: best way to forget now. One employee later told The

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Speaker 1: New York Times that she realized it was time to

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Speaker 1: quit we work when she woke up in a t

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Speaker 1: p at summer camp to find one of her colleagues

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Speaker 1: outside pissing on her tent. That employee later told New

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Speaker 1: York Magazine talked to any community manager unto twenty four

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Speaker 1: and it's the greatest weekend of your life. But I

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Speaker 1: am not here to get paid on now. I'm gonna

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Speaker 1: quote one more time from that New York Magazine article

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Speaker 1: discussing the two thousand eighteen Summer Camp, which spoilers would

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Speaker 1: prove to be the last one At last year's event,

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Speaker 1: According to Report and Property magazine, a British real estate publication,

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Speaker 1: Norman sat on stage next to his wife and McKelvey

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Speaker 1: as the crowd, saying O leo, leo, le we were

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Speaker 1: employee from India started chanting let's go, we work, Let's

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Speaker 1: go while another from California screamed, you're changing the world, Adam.

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Speaker 1: We love you. Augusto Contreras, we were employee from Mexico City,

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Speaker 1: proposed to his girlfriend next to a dodgeball tournament. I

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Speaker 1: felt like I was surrounded by my extended family. He

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Speaker 1: told the company blog. He had been at we work

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Speaker 1: for seven months, so they find the people who are

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Speaker 1: vulnerable to this, and they're very vulnerable to When you

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Speaker 1: said that it was the last one. I expected that

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Speaker 1: story to be something like really tragic or like fire festivally,

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Speaker 1: but just it was just like performed there. Though you're

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Speaker 1: sucking in people who need what this pretends to provide,

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Speaker 1: it doesn't really provide it. But that's coming later now.

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Speaker 1: That Fast Company article I've quoted from a couple of

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Speaker 1: times in this episode was released in two thousand sixteen,

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Speaker 1: and it provides even more detail on the profoundly culti

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Speaker 1: way that Adam presented himself at company events. Quote. A

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Speaker 1: beatles course bounces off the bear concrete walls of what

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Speaker 1: was once JP Morgan's headquarters come together right now, the

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Speaker 1: nearly thousand chattering. We were employees who filled the event space,

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Speaker 1: look towards the stage expecting CEO Adam Neuman to appear

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Speaker 1: from the wings at any second. Instead, he sprints down

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Speaker 1: the center aisle and giddy conversations evolve into a cheer.

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Speaker 1: When John Lennon trills over me, Norman leaps onto the stage,

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Speaker 1: sticking the landing. This is the way this guy is

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Speaker 1: presenting himself to his employees, and it kind of seems

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Speaker 1: like a lot of made it up. Yeah, well has

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Speaker 1: already come out. Yeah yeah, they should know better, they

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Speaker 1: should know, but people never learned about this. I mean,

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Speaker 1: World War two came out and we all know what

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Speaker 1: happened in two thousand sixteen. So have you have you

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Speaker 1: ever watched like the presentations that like MLM is like

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Speaker 1: the multiple market, Yeah, this is exactly similar. I've watched

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Speaker 1: a number of those, like those seminars and the gatherings

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Speaker 1: that they do, and that has all of those those

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Speaker 1: signs I I wanna know. I try to repeat frequently

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Speaker 1: that I think everybody has a kind of grift that

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Speaker 1: they're vulnerable to, no matter how smart, because there has

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Speaker 1: nothing to do with intelligence. It's it has everything to

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Speaker 1: do with the fact that everybody has needs, and particularly

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Speaker 1: secret needs that even they don't know how to voice

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Speaker 1: a lot of the time. And if someone other than you,

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Speaker 1: particularly predators, what they're good at is seeing things and

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Speaker 1: others that they don't see in themselves but that are present.

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Speaker 1: If they're able to pick that out, they'll get you. Um.

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Speaker 1: It doesn't matter how smart and well read you are,

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Speaker 1: they'll get you. Um. We all have a thing. And

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Speaker 1: Adam found a group of people who I think we're

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Speaker 1: raised on stories like Apples. You know the history of

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Speaker 1: the Apple core, Google, these companies that like change the

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Speaker 1: world and had these like grand visions and like these

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Speaker 1: in the legendary leaders. Um, and everybody got super fucking

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Speaker 1: rich too. And Adam knew how to create the feeling

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Speaker 1: that that's what was going on here. It wasn't it's

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Speaker 1: just leasing office space. It wasn't literally like Google that

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Speaker 1: that is like a revolution. We organized the world's information

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Speaker 1: Apple We changed the fundamentally the way that daily life

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Speaker 1: exists for billions of people. Those are companies where you

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Speaker 1: really can't oversell, at least the impact of what's happening.

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Speaker 1: These people are leasing office space. But he may not

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Speaker 1: feel like that. Yeah, but there's kids that that's part

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Speaker 1: of why it is. It is like He watched that

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Speaker 1: Apple commercial where the hammer is thrown into the giant

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Speaker 1: screen and all the all the drones are there, and

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Speaker 1: he was like, what if I made all those drones.

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Speaker 1: Those guys were super cool. Yeah, that seems like that's

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Speaker 1: the thing I want to do. I want to throw

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Speaker 1: a hammer and ship that'll whether there. Everything will fall.

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Speaker 1: Then it's really terrible. It's hard for me not to

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Speaker 1: think that, like, none of this would be possible without booze.

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Speaker 1: Like it's like, there's it's not for nothing that alcohol

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Speaker 1: is in every story you made about we were It

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Speaker 1: really seems very be inflated. The only way to have

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Speaker 1: achieved the inflated sense of self confidence that was clearly

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Speaker 1: a major aspect of this would have been to give

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Speaker 1: everyone free guns, which is how my cult's gonna work.

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Speaker 1: I thought it was machetes and don't do it enough. Man,

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Speaker 1: It's really it's got to be an a K forty seven.

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Speaker 1: I understand now. That makes you feel like a revolutionary,

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Speaker 1: like holding a calash. That's what I hear. And then

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Speaker 1: we're going to shove people off the buildings. I don't

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Speaker 1: know him in at first, but to the bullets. They

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Speaker 1: have to each according to the bullets they deserve. That

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Speaker 1: really good, Like I should also abstain from this bit.

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Speaker 1: And here's our special third guest, FBI agent Chicago is

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Speaker 1: actually a lot more than one of you. Okay, right now.

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Speaker 1: The entire Department of Alcohol, Tobacco and Firearms m not

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Speaker 1: fans now. And they have deep dish pizza. I refuse

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Speaker 1: to try it. That's fine, Yeah, don't worry about it.

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Speaker 1: Every everyone I know from Chicago has said that it's

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Speaker 1: fine from Chicago, like, oh, you gotta try to do yeah, yeah, yeah.

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Speaker 1: Now it's like Cali Max as good as Tech Max.

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Speaker 1: Let's say it lived in both fair enough, not nearly

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Speaker 1: as good. Pizza fight, you know, speaking of dog fight,

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Speaker 1: it's not speaking of dog fights. Um, speaking of dog fights,

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Speaker 1: you know who would never train dogs to fight that

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Speaker 1: at one point, at one point you probably would assume

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Speaker 1: he wouldn't when he was five, And like a five

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Speaker 1: year old Michael Vick, someone who is incapable of hosting

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Speaker 1: dog fights is the sponsors of this show, Silky, one

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Speaker 1: of the better a transitions on this series. Off we go,

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Speaker 1: We're back. Ah. What I loved about those products and

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Speaker 1: services was that none of them were for dog fights.

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Speaker 1: That's true. That's true. Sometimes you just can't abandon the

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Speaker 1: dogfight when you should. It's no, it's hard to it's

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Speaker 1: hard to abandon the dog. But it's also rare these

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Speaker 1: days for me to guess on a podcast that isn't

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Speaker 1: sponsor a via dog fighting. It is. Well, and you know,

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Speaker 1: I just should say, if you use the promo code bastards,

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Speaker 1: you get access to the twenty four hour streaming dog fights,

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Speaker 1: all the best dog fights we got chihuahuas, and all

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Speaker 1: the saber metrics about the fighting. Yeah. Absolutely, Okay. So

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Speaker 1: uh Now, shortly after Adam no Uhman founded We Work,

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Speaker 1: he'd made what seemed to be at the time an

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Speaker 1: impossible promise that his company would one day beat out

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Speaker 1: JP Morgan and become the largest private office tenant in

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Speaker 1: the city of New York. Given that New York is

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Speaker 1: New York, that's a pretty huge deal. Like, so, JP

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Speaker 1: Morgan was prior the most office, the gigantic bank worth

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Speaker 1: all of the money in the world. Is so saying

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Speaker 1: I'm going to beat them, that's a big that's a

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Speaker 1: big thing to to hit. But in two thousand eighteen,

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Speaker 1: this dream became a reality. We Work now lee five

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Speaker 1: million square feet over fifty locations across the city. So

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Speaker 1: all of it still not making money, correct, not a profit.

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Speaker 1: They're making money, but not net not net. Yeah. Now,

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Speaker 1: those locations, as we got into a little bit released

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Speaker 1: with venture capital money, not actual profits made by the company.

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Speaker 1: And those offices were kept full due to free rent

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Speaker 1: offers in lease buyouts, which is not a strategy that

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Speaker 1: can continue forever. You could just you could give people

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Speaker 1: homes for less. It does make more sense. It does

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Speaker 1: feel like people talk about like we can't afford universal healthcare,

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Speaker 1: and then it's like how much money did we work

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Speaker 1: blow through, which just like even outside of how much

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Speaker 1: money did we spent on the F thirty five, which

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Speaker 1: is actually vastly higher like but still and if he

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Speaker 1: like housed people instead of all these offices, those people

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Speaker 1: would get tons of booze. Yeah, yep, they be drunk

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Speaker 1: as ship. Now. SoftBank's massive investments seem to confirm Adam's

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Speaker 1: grand post about the importance of his company, and his

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Speaker 1: ego swelled. Consequently, he started talking to colleagues about his

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Speaker 1: desire for eternal life. This is like moon base all

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Speaker 1: over here. Nope, nope, no, this is where Dan's ears.

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Speaker 1: He invested in Life Bio Sciences, a Life Extensions start

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Speaker 1: up to further this end. The company mission is to

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Speaker 1: create a future where age related decline is not a

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Speaker 1: fact of life, and I'm increasingly throughout wild ideas for

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Speaker 1: ways we Were could expand to areas well outside of

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Speaker 1: its wheelhouse. Sometime after seventeen two seventeen, he started talking

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Speaker 1: about starting an airline called We Fly. This is some

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Speaker 1: ship where you're like, you look in history and you're like,

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Speaker 1: how is it The people got sold on alchemy and

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Speaker 1: the philosopher's stone and internal life, and then you look

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Speaker 1: at that guy in your life. Yeah, they're still there.

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Speaker 1: They're still doing it. In fairness, we Fly kind of

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Speaker 1: like it's it's to find enough name for an airline.

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Speaker 1: It's just like, what's your experience renting buildings to companies?

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Speaker 1: What do you want to do? Run an airline? What

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Speaker 1: is an airplane? But in office sky office exactly. That

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Speaker 1: is actually where these episodes were written, so exactly airlines

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Speaker 1: in Iceland that used to the world of warcraft airlines

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Speaker 1: and there was whizz Air, which is the worst airlines started.

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Speaker 1: It's like a bike share company and their next move

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Speaker 1: is like we'll run an airline. Turns out those skills

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Speaker 1: do not translate. Not weird now, Adam increasingly throughout wild

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Speaker 1: ideas for ways we were it could expand into areas

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Speaker 1: well outside. Oh right, I read that a little bit.

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Speaker 1: Oh yeah, so we fly his one. There was also

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Speaker 1: talk of we sail and something called we sleep, which

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Speaker 1: I have no idea what that was supposed to be. Yeah, astresses,

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Speaker 1: maybe like a sleep lab. He briefly discussed his ambition

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Speaker 1: to become Israel's Prime minister, before amending to say that

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Speaker 1: if he ran for any office, it would be for

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Speaker 1: president of the world. Little part of how you know

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Speaker 1: this was a little bit CULTI is that if my

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Speaker 1: boss this podcast, Jack O'Brien, somebody have great respect for

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Speaker 1: I've worked with him eleven twelve years now, the vast

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Speaker 1: majority basically all of my working life. If he told

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Speaker 1: me seriously that if he ever ran for office, it

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Speaker 1: would be for president of the world, and it wasn't

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Speaker 1: like a bad joke, I would just start punching. And

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Speaker 1: I love Jack, but that's what you do when you

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Speaker 1: care about someone and they say you just start hitting them.

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Speaker 1: It's a it's a mentality. That needs to be gone from.

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Speaker 1: It needs to be hit. Yeah, you don't. You just

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Speaker 1: don't do that, especially when it's paired with like I'm

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Speaker 1: trying to put money into life extension technology and I

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Speaker 1: want the president of the world. I'm going to hit

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Speaker 1: you with this brick. This is what needs to happen. Now,

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Speaker 1: become a problems response to that President of the world

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Speaker 1: with one eye. You will not have both of your

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Speaker 1: eyes while you do it. I will make sure of that.

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Speaker 1: I think it is inevitable that if there is a

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Speaker 1: president of the world, they will have one eye, but

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Speaker 1: there will be an ipatch situation because it will be

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Speaker 1: a dystopian like water World type of what is the

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Speaker 1: name Dee Boy from Friday? The President of the World

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Speaker 1: and fifth Element. That's a great president. That's the one.

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Speaker 1: That's the one that I'm all about. I I will say,

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Speaker 1: as an anarchist, I have a lot of different, conflicting,

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Speaker 1: always shifting ideas about about how I think the world

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Speaker 1: ought to be. One thing I'm certain of is that

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Speaker 1: based on my ideology, if I ever think someone might

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Speaker 1: become the president of the world, I'm going to try

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Speaker 1: to hit him with a brick. I think that's fair,

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Speaker 1: although I also think that, Yeah, I think that anytime

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Speaker 1: you hear someone say like, I want to be president

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Speaker 1: of the world, Like, what scares me about that is

426
00:24:50,359 --> 00:24:53,240
Speaker 1: not the possibility they will become president of the world.

427
00:24:53,520 --> 00:24:56,520
Speaker 1: It's just what that implies about their mental state. Yeah,

428
00:24:56,560 --> 00:24:58,800
Speaker 1: it's like because it's like this is this is trouble.

429
00:24:59,080 --> 00:25:01,520
Speaker 1: Like I would I would have a very negative reaction

430
00:25:01,560 --> 00:25:03,360
Speaker 1: to somebody who was like, I'm going to be president,

431
00:25:03,960 --> 00:25:06,520
Speaker 1: because that's a bad thing to want to be um,

432
00:25:06,560 --> 00:25:08,720
Speaker 1: But somebody wants to be president of the world, that's

433
00:25:08,720 --> 00:25:13,399
Speaker 1: a bricking that's a bricking mentality. Yeah, I mean the

434
00:25:13,720 --> 00:25:15,879
Speaker 1: truth is the only people that should be empowered the

435
00:25:15,880 --> 00:25:17,600
Speaker 1: people who don't want to be in power. And that's

436
00:25:17,600 --> 00:25:22,359
Speaker 1: why we're fucked. Now, all of this we've been talking

437
00:25:22,359 --> 00:25:24,600
Speaker 1: about for several minutes now was a paragraph and I

438
00:25:24,640 --> 00:25:27,640
Speaker 1: haven't read the last sentence and the most insufferable sentence.

439
00:25:29,359 --> 00:25:32,600
Speaker 1: In the two eighteen summer Camp, Adam Neuman promised that

440
00:25:32,680 --> 00:25:36,200
Speaker 1: we work would solve the problem of children without parents

441
00:25:36,359 --> 00:25:41,200
Speaker 1: and then eradicate world hunger. We're going to kill children

442
00:25:41,200 --> 00:25:45,280
Speaker 1: without a parents. Just start gating orphans. They shan't be hungry.

443
00:25:45,320 --> 00:25:49,160
Speaker 1: Though we works value sword past ten billion, then past

444
00:25:49,200 --> 00:25:52,040
Speaker 1: twenty billion. Adam Neuman was now, on paper at least

445
00:25:52,040 --> 00:25:54,679
Speaker 1: a billionaire himself, so there was no indication of how

446
00:25:54,720 --> 00:25:57,760
Speaker 1: he planned to solve those problems, No on whatsoever. Well,

447
00:25:57,800 --> 00:26:00,159
Speaker 1: a little bit, we'll get get a little bit of that,

448
00:26:00,200 --> 00:26:04,399
Speaker 1: a little bit patient and Elizabeth Warren made a white paper.

449
00:26:04,880 --> 00:26:07,240
Speaker 1: You know, he actually, if he had, that would have

450
00:26:07,280 --> 00:26:11,159
Speaker 1: been more thought than I think he gave to it. Yeah. Uh.

451
00:26:11,240 --> 00:26:14,399
Speaker 1: He immediately started bragging after becoming a billionaire again on

452
00:26:14,520 --> 00:26:17,760
Speaker 1: paper that his personal goal was to become the world's

453
00:26:17,800 --> 00:26:22,440
Speaker 1: first trillionaire. Do we not have brick Brickham Good, No,

454
00:26:22,560 --> 00:26:26,920
Speaker 1: we don't have one. No, Jeff Bezos is like Jeff's

455
00:26:26,920 --> 00:26:28,400
Speaker 1: and Bill Gates or like at a hundred and twenty

456
00:26:28,400 --> 00:26:31,440
Speaker 1: million something like that. That's not even all that close

457
00:26:31,600 --> 00:26:34,560
Speaker 1: to a trillion. I have so little interest in money

458
00:26:34,680 --> 00:26:36,840
Speaker 1: stuff that I just assumed we had a couple. I

459
00:26:36,880 --> 00:26:40,359
Speaker 1: feel like it is a matter of like the survival

460
00:26:40,400 --> 00:26:43,760
Speaker 1: of civilization level importance that we not let anyone reach

461
00:26:43,840 --> 00:26:46,040
Speaker 1: that level. Yeah. I feel like it's a matter of

462
00:26:46,080 --> 00:26:49,760
Speaker 1: survival and don't allow billionaires to exist until No, I mean,

463
00:26:49,880 --> 00:26:54,879
Speaker 1: we've we've got to stop that. Yeah, that's a bricken.

464
00:26:55,160 --> 00:26:56,920
Speaker 1: If I want to be a trillionaire, that's a brick

465
00:26:56,960 --> 00:26:59,880
Speaker 1: in I see a shirt in your future, that's a brick.

466
00:27:00,080 --> 00:27:03,440
Speaker 1: That's a brick. And you want to be I'm gonna

467
00:27:03,480 --> 00:27:05,439
Speaker 1: hit you with a brick. I just gotta do it.

468
00:27:06,200 --> 00:27:08,879
Speaker 1: If you were a stand up comedian touring the Midwest,

469
00:27:09,000 --> 00:27:14,040
Speaker 1: you would sell a lot of that's a brick in shirts. Yeah. Yeah.

470
00:27:14,359 --> 00:27:18,720
Speaker 1: Now the reality of Adam's wealth was less impressive. He

471
00:27:18,760 --> 00:27:22,000
Speaker 1: made millions as we work, CEO, because that's what CEOs do,

472
00:27:22,280 --> 00:27:24,560
Speaker 1: and he made millions more from having the company, least

473
00:27:24,600 --> 00:27:27,560
Speaker 1: from properties he owned. But he also had borrowed more

474
00:27:27,600 --> 00:27:30,760
Speaker 1: than seven hundred and forty million dollars against his stock

475
00:27:30,800 --> 00:27:33,359
Speaker 1: in the company, a thing that is legal. For some reason,

476
00:27:33,760 --> 00:27:35,639
Speaker 1: he sold hundreds of millions of dollars worth of his

477
00:27:35,640 --> 00:27:38,439
Speaker 1: own shares. This was often done in a very shady fashion.

478
00:27:38,520 --> 00:27:42,000
Speaker 1: For example, in two fifteen, he sold tens of millions

479
00:27:42,000 --> 00:27:44,359
Speaker 1: of dollars worth of shares. Then he had the company

480
00:27:44,440 --> 00:27:48,320
Speaker 1: launched a stock buyback program to buy employee shares of stock.

481
00:27:48,680 --> 00:27:51,879
Speaker 1: The buy back program offered employees a per share price

482
00:27:51,960 --> 00:27:54,399
Speaker 1: that was markedly lower than what Annoyman had been paid

483
00:27:54,920 --> 00:27:57,879
Speaker 1: for his stock, and since Adam stock sales weren't public,

484
00:27:58,040 --> 00:28:00,720
Speaker 1: we Works employees didn't realize they were being screwed to

485
00:28:00,760 --> 00:28:05,199
Speaker 1: subsidize adams lifestyle. Man, I feel like all those guys

486
00:28:05,240 --> 00:28:08,520
Speaker 1: who are like, Okay, here's what we'll do to increase productivity,

487
00:28:08,880 --> 00:28:12,359
Speaker 1: create a cult and funk over everybody work with could

488
00:28:12,440 --> 00:28:15,760
Speaker 1: really be served by like reading all the literature where

489
00:28:15,760 --> 00:28:18,280
Speaker 1: they're like, if you pay people a living wage and

490
00:28:18,359 --> 00:28:21,400
Speaker 1: give them benefits and give them time off, they will

491
00:28:21,440 --> 00:28:23,800
Speaker 1: work more for you on their own. Jordan, that is

492
00:28:23,840 --> 00:28:26,360
Speaker 1: not how you become president of the world. It's definitely

493
00:28:26,400 --> 00:28:28,159
Speaker 1: not is that, you know how you've become president of

494
00:28:28,160 --> 00:28:34,680
Speaker 1: the world. It's racism. Racism now because it's the world.

495
00:28:34,760 --> 00:28:36,879
Speaker 1: It's a number of different racisms. Because you've got to

496
00:28:36,920 --> 00:28:40,600
Speaker 1: be able to it's a balance Mexicans, Tibetans, you gotta

497
00:28:40,680 --> 00:28:47,360
Speaker 1: really all over the world. It's really religion. But even

498
00:28:47,400 --> 00:28:50,520
Speaker 1: then you've got to I wonder, I wonder what it'll be.

499
00:28:50,880 --> 00:28:52,800
Speaker 1: I wanted we might see it in our lifetimes, and

500
00:28:52,840 --> 00:28:56,040
Speaker 1: I'm really I'm really curious. Yeah, I'm really curious to

501
00:28:56,080 --> 00:28:59,920
Speaker 1: see whether or not it's a racism or a religious,

502
00:29:00,000 --> 00:29:03,520
Speaker 1: a gutry thing. Well not just which one, which plane

503
00:29:03,520 --> 00:29:06,760
Speaker 1: to which sort of bigotry wins, you know, because I

504
00:29:06,760 --> 00:29:09,760
Speaker 1: feel like it will be one president who's like, funk,

505
00:29:09,800 --> 00:29:13,360
Speaker 1: all these different individual races that I've calculated will maximize

506
00:29:13,400 --> 00:29:15,560
Speaker 1: my vote, and one president will be like fuck this

507
00:29:15,720 --> 00:29:19,720
Speaker 1: specific right, So it would be like a like a

508
00:29:19,880 --> 00:29:24,320
Speaker 1: focus tested racism versus instinctual racism. I mean, it's actually

509
00:29:24,360 --> 00:29:28,200
Speaker 1: going to come down to Hillary versus Trump again. Very frustratingly,

510
00:29:28,800 --> 00:29:32,280
Speaker 1: the m p A has to review type of racism

511
00:29:32,320 --> 00:29:39,560
Speaker 1: in a bunch of focus groups. Got now. During this time,

512
00:29:39,640 --> 00:29:42,200
Speaker 1: Adam and Rebecca bought a ninety million dollar collection of

513
00:29:42,240 --> 00:29:44,520
Speaker 1: homes around the world, including a sixty acre estate in

514
00:29:44,600 --> 00:29:49,600
Speaker 1: Westchester County. Kids made it that marriage worked. I expected

515
00:29:49,640 --> 00:29:52,560
Speaker 1: to divorce by now. You know, it's weird when you

516
00:29:52,600 --> 00:29:55,480
Speaker 1: have hundreds of millions of dollars it's easy to stay married,

517
00:29:56,640 --> 00:30:00,320
Speaker 1: which really speaks to how unpleasant Jeff Bezos is marriage

518
00:30:00,360 --> 00:30:06,080
Speaker 1: must have been. Anyway, I'm not gonna comment on that anymore. Um. Yeah,

519
00:30:06,120 --> 00:30:07,760
Speaker 1: they had a twenty one million dollar mansion in the

520
00:30:07,760 --> 00:30:09,680
Speaker 1: Bay Area with a room shaped like a guitar. They

521
00:30:09,720 --> 00:30:12,320
Speaker 1: hired several nannies for their children, two personal assistants, and

522
00:30:12,360 --> 00:30:14,800
Speaker 1: a chef. Even as much money as ad him was worth,

523
00:30:15,160 --> 00:30:20,200
Speaker 1: his spending was incredibly excessive, and so was We Work spending. Well.

524
00:30:20,280 --> 00:30:23,920
Speaker 1: Adam's craziest ideas, like establishing an airline, never went into production.

525
00:30:23,960 --> 00:30:26,080
Speaker 1: The company did embark on a number of side hustles

526
00:30:26,080 --> 00:30:30,000
Speaker 1: At his direction. They created We Live, essentially a very

527
00:30:30,040 --> 00:30:33,960
Speaker 1: expensive apartment complex with no privacy. Adam said this would

528
00:30:34,040 --> 00:30:38,960
Speaker 1: drive suicide rates down because no one feels alone. Elevator

529
00:30:39,040 --> 00:30:45,240
Speaker 1: talk getting really uncomfortable. But is that is kind of

530
00:30:45,240 --> 00:30:48,120
Speaker 1: the natural progression if they're like making this company, if

531
00:30:48,160 --> 00:30:51,240
Speaker 1: it is like Comedy Towns. Yeah, yeah, you've created this,

532
00:30:51,320 --> 00:30:54,080
Speaker 1: like this is the workspace we now on that, why

533
00:30:54,080 --> 00:30:56,720
Speaker 1: wouldn't you then get into like now we're getting into

534
00:30:56,760 --> 00:30:59,640
Speaker 1: your living Yeah, I'm trying to create a workplace slash

535
00:30:59,680 --> 00:31:04,320
Speaker 1: living space. So why not just They also created a

536
00:31:04,360 --> 00:31:07,880
Speaker 1: gym I think it was called we Rise. Um that

537
00:31:07,920 --> 00:31:10,800
Speaker 1: should be their bakery. That should be their bakery, I know,

538
00:31:10,960 --> 00:31:14,960
Speaker 1: I know missed opportunities. And then they created We Grow.

539
00:31:15,560 --> 00:31:18,480
Speaker 1: This was a school that Adam hoped would eventually expand

540
00:31:18,480 --> 00:31:21,480
Speaker 1: into a project to house all the world's orphans Jesus

541
00:31:21,920 --> 00:31:29,520
Speaker 1: at Adam said this fucking sentence, You guys. Adam said,

542
00:31:29,960 --> 00:31:32,560
Speaker 1: if we GROW's planned to save the orphans, we want

543
00:31:32,600 --> 00:31:34,719
Speaker 1: to solve this problem and give them a new family,

544
00:31:34,920 --> 00:31:43,000
Speaker 1: but we work family. I'm speechless. It's terrifying if what

545
00:31:43,240 --> 00:31:48,400
Speaker 1: kind of person says that. I just just straight Yeah,

546
00:31:49,160 --> 00:31:52,720
Speaker 1: there was a moment I wonder this this is this

547
00:31:52,760 --> 00:31:55,160
Speaker 1: is a question like in the movie of this this

548
00:31:55,280 --> 00:31:57,960
Speaker 1: dude's life, does he have that scarface moment where it's

549
00:31:58,000 --> 00:32:00,720
Speaker 1: like you can see him just go past that point

550
00:32:00,760 --> 00:32:02,920
Speaker 1: and it's like everything past this is just gonna be

551
00:32:03,120 --> 00:32:04,840
Speaker 1: It's probably that night on the roof. It was that

552
00:32:04,960 --> 00:32:07,600
Speaker 1: night on the roof. Maybe here there I can get

553
00:32:07,640 --> 00:32:09,840
Speaker 1: people to do anything if they'll drink this this poop

554
00:32:09,880 --> 00:32:13,920
Speaker 1: beer could be anything on the roof. And then, oh,

555
00:32:14,080 --> 00:32:16,160
Speaker 1: this is going to be an insufferable movie, isn't it?

556
00:32:16,200 --> 00:32:20,120
Speaker 1: That makes him into like a cool another social network.

557
00:32:21,120 --> 00:32:23,120
Speaker 1: I want to do it like a Wall Street. But

558
00:32:23,200 --> 00:32:27,240
Speaker 1: it turned out that even when you satirize, there needs

559
00:32:27,960 --> 00:32:30,000
Speaker 1: there should be a law that when you do a

560
00:32:30,000 --> 00:32:31,880
Speaker 1: movie like Wolf of Wall Street, there needs to be

561
00:32:31,920 --> 00:32:34,920
Speaker 1: a seven minute scene where the character ships himself. Yeah,

562
00:32:36,760 --> 00:32:41,560
Speaker 1: really unbecoming him, embarrassing, and make it uncomfortable for the audience.

563
00:32:41,800 --> 00:32:43,840
Speaker 1: You know, it should be hard to get over that hump.

564
00:32:43,880 --> 00:32:45,920
Speaker 1: You should expect it to be over like three minutes,

565
00:32:46,000 --> 00:32:48,440
Speaker 1: and then it just not not like funny, not like

566
00:32:48,480 --> 00:32:51,960
Speaker 1: the vomiting scene in Team America, like just just bad,

567
00:32:52,400 --> 00:32:55,320
Speaker 1: just a bad thing to be a part of. Yeah,

568
00:32:55,400 --> 00:32:58,280
Speaker 1: because it happened, I feel like that's a regulation we

569
00:32:58,320 --> 00:33:00,560
Speaker 1: could pass. I think. I think so it's by and

570
00:33:00,720 --> 00:33:06,400
Speaker 1: by partisan appeal. The Ship the Movie Shooting bill has

571
00:33:06,440 --> 00:33:09,880
Speaker 1: passed through both houses and is now on the president's desk.

572
00:33:10,240 --> 00:33:12,360
Speaker 1: He was reportedly unable to sign today as he was

573
00:33:12,440 --> 00:33:15,200
Speaker 1: too busy chopping off his enormous poop so that it

574
00:33:15,200 --> 00:33:20,040
Speaker 1: could flush in less than ten flushes. That did happen.

575
00:33:20,200 --> 00:33:23,680
Speaker 1: That's just that, that's just part of politics. You can't

576
00:33:23,720 --> 00:33:30,920
Speaker 1: remove that from the history books. Yeah, amazing. It's gonna

577
00:33:30,960 --> 00:33:34,360
Speaker 1: be really funny if we get past as a nation

578
00:33:34,520 --> 00:33:36,760
Speaker 1: him being in office and don't collapse into a civil war.

579
00:33:37,000 --> 00:33:38,720
Speaker 1: Do you hear people talk about the dignity of the

580
00:33:38,720 --> 00:33:42,200
Speaker 1: presidency again, Like, really, it's gonna it's gonna be like,

581
00:33:42,240 --> 00:33:44,120
Speaker 1: I hope I get to be on TV at some

582
00:33:44,120 --> 00:33:49,200
Speaker 1: point when that happens and just what what what is left?

583
00:33:50,680 --> 00:33:53,400
Speaker 1: Did you hear the poop speech? I mean, historically the

584
00:33:53,440 --> 00:33:56,880
Speaker 1: dignity of the presidency was lost, you know, I guess

585
00:33:56,920 --> 00:33:59,520
Speaker 1: after Andrew it was always it was always an illusion.

586
00:34:00,200 --> 00:34:03,640
Speaker 1: Jackson presented himself in a stately manner and stuff like

587
00:34:03,640 --> 00:34:05,960
Speaker 1: like a six ft wheel of cheese is where I

588
00:34:06,120 --> 00:34:10,600
Speaker 1: get off the off four on? That's the that's the

589
00:34:10,640 --> 00:34:14,800
Speaker 1: best thing he did. Yeah, we call six ftee. I

590
00:34:14,920 --> 00:34:18,600
Speaker 1: feel like than accusing everyone else in the country of

591
00:34:18,760 --> 00:34:21,760
Speaker 1: needing fifteen flushes to get their poop down the toilet,

592
00:34:22,560 --> 00:34:26,239
Speaker 1: and every everyone listening knowing like you couldn't get a

593
00:34:26,280 --> 00:34:31,960
Speaker 1: poop down? Could you? The president yourself? There the speech?

594
00:34:33,000 --> 00:34:37,360
Speaker 1: No one else is having trouble with this. Here I

595
00:34:37,400 --> 00:34:42,359
Speaker 1: am having pooped for four days. And yeah, I mean

596
00:34:42,400 --> 00:34:44,160
Speaker 1: you can you can say that like the office is

597
00:34:44,239 --> 00:34:47,240
Speaker 1: undignified historically forever. But I think there is a value

598
00:34:47,320 --> 00:34:51,640
Speaker 1: to a shared delusion, and that's kind of gone. There's

599
00:34:51,680 --> 00:34:53,640
Speaker 1: a value, but it's not a good or a bad thing.

600
00:34:53,760 --> 00:34:59,759
Speaker 1: It's just a value. The same fifteen has a value. Yeah. Now,

601
00:35:00,920 --> 00:35:03,120
Speaker 1: when we last, before we went on this aggression, I

602
00:35:03,200 --> 00:35:06,600
Speaker 1: said that Adam wanted to solve the problem of of

603
00:35:06,600 --> 00:35:09,680
Speaker 1: of parentless children and give them a new family. That

604
00:35:09,680 --> 00:35:13,040
Speaker 1: we make the digression because that is it is. It's

605
00:35:13,080 --> 00:35:17,479
Speaker 1: a nuts fucking sentence. Now before we work could house

606
00:35:17,520 --> 00:35:20,200
Speaker 1: the world's orphans, though we're gonna put them on trains.

607
00:35:20,280 --> 00:35:22,520
Speaker 1: It hands that nobody's ever done this before, and we'll

608
00:35:22,560 --> 00:35:24,719
Speaker 1: send it all the way across the nation. You know,

609
00:35:24,840 --> 00:35:29,680
Speaker 1: it's better than that. Um, it's better than that, but

610
00:35:29,800 --> 00:35:33,719
Speaker 1: dumber um. We in order to make we grow get

611
00:35:33,760 --> 00:35:35,560
Speaker 1: to the point where it could house all of the

612
00:35:35,560 --> 00:35:38,400
Speaker 1: world's orphans, it was going to start as a luxury

613
00:35:38,840 --> 00:35:42,400
Speaker 1: boutique school for the children of rich people, charging the

614
00:35:42,520 --> 00:35:44,880
Speaker 1: very wealthy in New York City thirty six to forty

615
00:35:44,880 --> 00:35:48,120
Speaker 1: two dollars a year to educate their small children. This

616
00:35:48,600 --> 00:35:56,000
Speaker 1: seems like the opposite the world's problem with making it

617
00:35:56,040 --> 00:36:00,400
Speaker 1: impossible for them to afford like I had. I'm like

618
00:36:00,560 --> 00:36:03,680
Speaker 1: flying down to a group of Syrian refugees fleeing like

619
00:36:03,719 --> 00:36:06,120
Speaker 1: a barrel bombing and it lib and like putting a

620
00:36:06,120 --> 00:36:08,359
Speaker 1: hand on one of their shoulders and saying, in like

621
00:36:08,440 --> 00:36:11,319
Speaker 1: twenty years when the cost comes down, take care of

622
00:36:11,320 --> 00:36:15,040
Speaker 1: you right now, No way for now, it's just Sean

623
00:36:15,120 --> 00:36:20,560
Speaker 1: Penn's kids, and they're getting a great education. I believe.

624
00:36:20,560 --> 00:36:27,120
Speaker 1: Do you know who Sean Penn is? Oh you're dead now.

625
00:36:27,960 --> 00:36:31,319
Speaker 1: We Grow was Rebecca Noyman's project, his wife. She had

626
00:36:31,360 --> 00:36:32,960
Speaker 1: been a core part of WE Work from the beginning.

627
00:36:33,000 --> 00:36:35,960
Speaker 1: Of course, in two thou seventeen, the company had hired

628
00:36:36,000 --> 00:36:39,320
Speaker 1: Soul Cycle founder Julie Rice is their chief brand officer,

629
00:36:39,680 --> 00:36:42,319
Speaker 1: but when Rebecca came back from eternity leave later that year,

630
00:36:42,520 --> 00:36:45,520
Speaker 1: she decided she wanted the title for herself and took it,

631
00:36:45,680 --> 00:36:48,720
Speaker 1: so Julie had to quit. Okay, according to WE Works

632
00:36:48,960 --> 00:36:53,879
Speaker 1: established business practices, she should have been fired. I'm disappointed

633
00:36:53,880 --> 00:36:58,640
Speaker 1: by this. She was, That's what happened because she was

634
00:36:58,680 --> 00:37:02,200
Speaker 1: originally the chief brand officer, but then Rebecca got it.

635
00:37:02,960 --> 00:37:06,279
Speaker 1: Now support this decision. Apparently, Rebecca is somewhat famous among

636
00:37:06,320 --> 00:37:09,000
Speaker 1: WE Workers for firing people she met and got bad

637
00:37:09,080 --> 00:37:11,640
Speaker 1: vibes from. One example is a mechanic for the company

638
00:37:11,680 --> 00:37:15,080
Speaker 1: Gulf Stream Private Jet who was ship can't because Rebecca

639
00:37:15,200 --> 00:37:18,279
Speaker 1: quote didn't like his energy. So she's the kind of

640
00:37:18,280 --> 00:37:21,560
Speaker 1: person we are all we all like now. Obviously, she

641
00:37:21,640 --> 00:37:23,480
Speaker 1: was the perfect person to design a brand new school

642
00:37:23,480 --> 00:37:26,080
Speaker 1: from the ground up. Rebecca, of course, had no relevant

643
00:37:26,120 --> 00:37:29,440
Speaker 1: experience in education and also what children and running a school?

644
00:37:29,560 --> 00:37:32,319
Speaker 1: What if these kids have bad vibes, well then then

645
00:37:32,360 --> 00:37:34,319
Speaker 1: you just kill you throw them off the top of

646
00:37:34,320 --> 00:37:38,920
Speaker 1: that build. Real trouble of someone who's like, so, what

647
00:37:39,160 --> 00:37:42,239
Speaker 1: was missing from public education was more capriciousness yea, and

648
00:37:42,400 --> 00:37:46,719
Speaker 1: good vibes. Yeah, she had nowhere elm in experience, but

649
00:37:46,800 --> 00:37:49,160
Speaker 1: she didn't think that really mattered. She told interviewers that

650
00:37:49,200 --> 00:37:53,040
Speaker 1: her vision for We Grow was a new, conscious entrepreneurial

651
00:37:53,120 --> 00:37:57,480
Speaker 1: school committed to unleashing every child superpowers. At the school's opening,

652
00:37:57,520 --> 00:38:00,680
Speaker 1: she reportedly stated, in my book, there's no reason why

653
00:38:00,760 --> 00:38:03,880
Speaker 1: children in elementary schools can't be launching their own businesses.

654
00:38:05,239 --> 00:38:13,960
Speaker 1: Mm hmm. Labor laws, man, if they're running ship Jordan's

655
00:38:14,080 --> 00:38:16,680
Speaker 1: I mean, if you like, I'm going to hire a

656
00:38:16,719 --> 00:38:18,560
Speaker 1: bunch of eight girls to work in this coal mine.

657
00:38:18,680 --> 00:38:22,200
Speaker 1: I mean, if you want to do a school where like, hey,

658
00:38:22,400 --> 00:38:25,480
Speaker 1: you it's cool to do a lemonade stand and learn

659
00:38:25,560 --> 00:38:27,880
Speaker 1: some lessons from it. I don't know how I'm not

660
00:38:27,920 --> 00:38:30,279
Speaker 1: going to die on that hill argue against that, But

661
00:38:30,360 --> 00:38:33,440
Speaker 1: it sounds like that's not what she's talking about No, No,

662
00:38:33,800 --> 00:38:36,920
Speaker 1: she wants them making their own. WI didn't twins even

663
00:38:36,960 --> 00:38:39,320
Speaker 1: wait until they were eighteen to start their fashion brand

664
00:38:39,400 --> 00:38:42,200
Speaker 1: or whatever. I think they did. And I think that

665
00:38:42,440 --> 00:38:46,120
Speaker 1: maybe working their entire childhood had some negative mental health implications,

666
00:38:46,120 --> 00:38:49,919
Speaker 1: But I don't want to speak for them. It's it's

667
00:38:50,000 --> 00:38:53,200
Speaker 1: telling that kind of the best case scenario for children

668
00:38:53,280 --> 00:38:56,360
Speaker 1: who work a lot as children as McAuley Colkin, Well,

669
00:38:56,480 --> 00:38:58,759
Speaker 1: his best role was in Party Monster, which I'm sure

670
00:38:58,880 --> 00:39:02,000
Speaker 1: he's fucking awesome part of them. That's a that's a

671
00:39:02,120 --> 00:39:08,680
Speaker 1: great life. I like McCauley culkin, and I'm glad he

672
00:39:08,680 --> 00:39:10,960
Speaker 1: made it out. He's also good and saved. He's also

673
00:39:11,000 --> 00:39:13,640
Speaker 1: good and saved. It's tough, is what I'm saying, being

674
00:39:13,680 --> 00:39:16,120
Speaker 1: a child who works heavily as a child. It's not

675
00:39:16,239 --> 00:39:20,360
Speaker 1: Maybe it's not good for children. Maybe should children shouldn't

676
00:39:20,400 --> 00:39:23,600
Speaker 1: work a lot. Give me the backing of thousands upon

677
00:39:23,600 --> 00:39:26,719
Speaker 1: thousands of psychological studies and then I will listen. You

678
00:39:26,719 --> 00:39:29,400
Speaker 1: know what, psychologically it would be awesome for kids in

679
00:39:29,440 --> 00:39:35,520
Speaker 1: school fucking looking at payroll infant because it's like you

680
00:39:35,560 --> 00:39:38,760
Speaker 1: talked about, like like like child actors and actresses. Um,

681
00:39:38,800 --> 00:39:42,839
Speaker 1: obviously a lot of them have very negative experiences. It's

682
00:39:42,880 --> 00:39:45,520
Speaker 1: it's very it's a damaging thing, which is why, like

683
00:39:45,560 --> 00:39:47,759
Speaker 1: we have so much respect like Daniel Radcliffe's parents who

684
00:39:47,800 --> 00:39:49,080
Speaker 1: are like, no, we're not gonna let our kid move

685
00:39:49,120 --> 00:39:51,400
Speaker 1: to fucking Los Angeles, like you either film it and

686
00:39:51,480 --> 00:39:54,440
Speaker 1: you because we're just not going to put him through that. Um,

687
00:39:54,480 --> 00:39:57,480
Speaker 1: it's tough. It does things to them, and they're not

688
00:39:57,560 --> 00:39:59,919
Speaker 1: in charge. They actually have a lot of people there

689
00:40:00,000 --> 00:40:03,000
Speaker 1: who support them, and it's still is very difficult to

690
00:40:03,040 --> 00:40:06,719
Speaker 1: deal with healthily having a kid managing payroll, having a

691
00:40:06,800 --> 00:40:10,160
Speaker 1: kid managing like debt and like vent your capital, and

692
00:40:10,239 --> 00:40:15,800
Speaker 1: like what a bad idea. It seems woefully stupid. Now

693
00:40:16,280 --> 00:40:18,480
Speaker 1: We Grow launched in the fall of two thousand eighteen.

694
00:40:18,840 --> 00:40:22,000
Speaker 1: It was housed and we works headquarters. Problems immediately cropped

695
00:40:22,040 --> 00:40:23,760
Speaker 1: up due to the fact that Rebecca and her colleagues

696
00:40:23,760 --> 00:40:26,480
Speaker 1: said failed to anticipate minor details like paying the school

697
00:40:26,520 --> 00:40:29,520
Speaker 1: security guards. HR had apparently forgotten to add them to

698
00:40:29,520 --> 00:40:32,200
Speaker 1: pay roll, so this was an immediate bump in the log.

699
00:40:33,000 --> 00:40:35,359
Speaker 1: Sometimes you don't pay the people, the little people when

700
00:40:35,400 --> 00:40:38,920
Speaker 1: you're trying to start a school for entrepreneurs. Sure you're

701
00:40:38,920 --> 00:40:42,160
Speaker 1: gonna make mistakes that entrepreneurs should make to be fair

702
00:40:42,360 --> 00:40:44,920
Speaker 1: under no circumstances should not make to be fair. A

703
00:40:45,040 --> 00:40:50,640
Speaker 1: second grader was in charge of HR and security. Yeah,

704
00:40:50,880 --> 00:40:54,400
Speaker 1: so these things will happen now, it's a learning experience.

705
00:40:54,520 --> 00:41:01,160
Speaker 1: Other problems. Other problems came as a result of Becca's

706
00:41:01,160 --> 00:41:03,759
Speaker 1: own peculiar preferences. She made a rule that parents were

707
00:41:03,760 --> 00:41:06,120
Speaker 1: allowed to wait in the school lounge to pick up children,

708
00:41:06,200 --> 00:41:09,160
Speaker 1: but nanny's had to wait outside in the vestibule. This

709
00:41:09,239 --> 00:41:12,320
Speaker 1: was reportedly because Rebecca didn't want her own children's nannies

710
00:41:12,360 --> 00:41:15,000
Speaker 1: to enter the school. One person close to the school

711
00:41:15,040 --> 00:41:17,200
Speaker 1: told interviewers the whole thing was about her and what

712
00:41:17,320 --> 00:41:20,680
Speaker 1: was right for her children. Yeah, what if I made

713
00:41:20,680 --> 00:41:25,600
Speaker 1: a school based on down Navvy? Gotcha? Yeah? Rebecca herself

714
00:41:25,640 --> 00:41:28,320
Speaker 1: told Fast Company something similar. She claimed that the inspiration

715
00:41:28,360 --> 00:41:30,319
Speaker 1: for We Grow had come when she and Adam were

716
00:41:30,360 --> 00:41:32,920
Speaker 1: looking for fancy, rich people schools for their five kids,

717
00:41:32,920 --> 00:41:35,640
Speaker 1: and quote, we couldn't find the school that we felt

718
00:41:35,640 --> 00:41:38,640
Speaker 1: would nurture growth. These children come into the world, they

719
00:41:38,640 --> 00:41:42,719
Speaker 1: are very evolved, they are very special, they're spiritual. They're

720
00:41:42,760 --> 00:41:46,720
Speaker 1: all natural not entrepreneurs, natural humanitarians. And then it seems

721
00:41:46,719 --> 00:41:48,239
Speaker 1: like we squash it all out of them in the

722
00:41:48,360 --> 00:41:55,200
Speaker 1: education system. Well it sounds familiar. This is this is

723
00:41:55,440 --> 00:41:58,040
Speaker 1: very reminiscent of like kind of a lot of the

724
00:41:58,320 --> 00:42:03,480
Speaker 1: extreme right homes cool kind of. Uh, yeah, there's some

725
00:42:03,560 --> 00:42:07,919
Speaker 1: aspects of a lot of different things. Yeah, in that,

726
00:42:08,320 --> 00:42:10,480
Speaker 1: you know, like everything else. The Norman's embarked on We

727
00:42:10,560 --> 00:42:13,520
Speaker 1: Grow put style before substance. The school was designed by

728
00:42:13,560 --> 00:42:16,320
Speaker 1: a famous architect and featured a vertical garden and whatever

729
00:42:16,400 --> 00:42:20,480
Speaker 1: acoustic clouds are on the ceiling. We Work bought an

730
00:42:20,480 --> 00:42:23,360
Speaker 1: alternative college startup mission You in order to hire a

731
00:42:23,480 --> 00:42:27,320
Speaker 1: CEO for We Grow, who presumably knew something about teaching kids.

732
00:42:27,760 --> 00:42:32,520
Speaker 1: Curriculum included classes on mindfulness, yoga, meditation, and farming. All

733
00:42:32,560 --> 00:42:34,560
Speaker 1: meals were vegetarian. I don't have any problem with the

734
00:42:34,640 --> 00:42:40,239
Speaker 1: last two parts for context, Uh, mindfulness and meditation. Maybe

735
00:42:40,280 --> 00:42:42,040
Speaker 1: you're not a great idea for teaching kids. I don't know,

736
00:42:43,440 --> 00:42:49,240
Speaker 1: can't hurt. Therefore, we'll talk about mindfulness in another episode.

737
00:42:49,360 --> 00:42:54,080
Speaker 1: As We Work matured and started spaces Yeah, fuck that ship.

738
00:42:56,960 --> 00:43:02,200
Speaker 1: Take down meditation. Don't think I wouldn't have litt nearly

739
00:43:02,239 --> 00:43:04,000
Speaker 1: as many fires as have been in my life if

740
00:43:04,000 --> 00:43:06,799
Speaker 1: I if I thought, and I've learned so much from

741
00:43:06,800 --> 00:43:11,160
Speaker 1: those fires. What happens when insulation catches on fire, what

742
00:43:11,360 --> 00:43:15,239
Speaker 1: happens when drywall catches on fire, what happens when shingles

743
00:43:15,280 --> 00:43:17,920
Speaker 1: catch on the fire. Basically what happens when people catch

744
00:43:17,960 --> 00:43:20,440
Speaker 1: on fire? All lessons I wouldn't have had if I

745
00:43:20,440 --> 00:43:23,600
Speaker 1: had thought more. That's a good point. Thank you, all right.

746
00:43:23,760 --> 00:43:29,279
Speaker 1: I retrenedat my supportive meditation. As We Work matured and

747
00:43:29,280 --> 00:43:32,680
Speaker 1: started expanding into every conceivable realm Adam began to revamp

748
00:43:32,719 --> 00:43:37,000
Speaker 1: his ideas about the WE generation. He modified this to

749
00:43:37,080 --> 00:43:40,400
Speaker 1: what he called me plus w That's what I was

750
00:43:40,440 --> 00:43:42,520
Speaker 1: waiting for. I literally was about to say that he's

751
00:43:42,560 --> 00:43:44,920
Speaker 1: going to say it's the ME generation, but never mind you,

752
00:43:45,200 --> 00:43:48,160
Speaker 1: and then he's going to get super bus pepsie. Yeah,

753
00:43:48,719 --> 00:43:51,279
Speaker 1: he explained at a We Work summit. Quote, on one hand,

754
00:43:51,400 --> 00:43:53,600
Speaker 1: you want to be your own person, have your own goals,

755
00:43:53,760 --> 00:43:55,560
Speaker 1: and on the other hand, you understand it being a

756
00:43:55,600 --> 00:43:58,319
Speaker 1: part of something greater than yourself is an amazing opportunity

757
00:43:58,440 --> 00:44:02,000
Speaker 1: and actually makes you stronger. Now. Adamate earlier claimed that

758
00:44:02,040 --> 00:44:04,960
Speaker 1: We Works multibillion dollar valuation was much more based on

759
00:44:05,040 --> 00:44:07,680
Speaker 1: our energy and spirituality than it is on a multiple

760
00:44:07,680 --> 00:44:10,280
Speaker 1: of revenue, pointing out that his real estate leasing business

761
00:44:10,320 --> 00:44:14,360
Speaker 1: was not a real estate business but instead a community company.

762
00:44:15,680 --> 00:44:19,880
Speaker 1: We're not selling office space. Community. It's amazing that the

763
00:44:19,880 --> 00:44:22,920
Speaker 1: thing that can't be sold. People are always telling us

764
00:44:22,960 --> 00:44:27,640
Speaker 1: that it's just not about money. It's only about money again,

765
00:44:27,880 --> 00:44:30,759
Speaker 1: people who will die immediately without a little bit more

766
00:44:30,800 --> 00:44:32,800
Speaker 1: of it, right, but we can put them on trains

767
00:44:32,920 --> 00:44:36,520
Speaker 1: and solve homelessness or some ship. I don't know, I've

768
00:44:36,560 --> 00:44:39,839
Speaker 1: noticed at this point, like there's been literally no conversation

769
00:44:39,880 --> 00:44:42,520
Speaker 1: at all about like people having good experiences and we

770
00:44:42,640 --> 00:44:47,000
Speaker 1: work offices, like I'm sure they exists. That actual community

771
00:44:47,239 --> 00:44:50,160
Speaker 1: that he intends to build. Actually, there's a lot of turnover.

772
00:44:50,560 --> 00:44:52,880
Speaker 1: It's not like early Apple, where's like people stay for

773
00:44:53,000 --> 00:44:56,040
Speaker 1: fucking ever um or a lot of stuff you hear

774
00:44:56,040 --> 00:44:58,479
Speaker 1: about early Google. There's a ton of turnover. But he's

775
00:44:58,520 --> 00:45:01,520
Speaker 1: not even talking about this. The great thing that he's

776
00:45:01,520 --> 00:45:04,319
Speaker 1: bringing into the world being about the employees of we work.

777
00:45:04,560 --> 00:45:07,200
Speaker 1: It's the people who rent the office space. And it's

778
00:45:07,239 --> 00:45:11,200
Speaker 1: always vague and undefined idea community too, because it's not real.

779
00:45:11,400 --> 00:45:14,560
Speaker 1: He's again he's telling this to the bosses, but I

780
00:45:14,600 --> 00:45:16,600
Speaker 1: mean in reality if you're living, if you're working in

781
00:45:16,680 --> 00:45:20,879
Speaker 1: a WE work space, it's just a very mundane office space,

782
00:45:21,160 --> 00:45:26,200
Speaker 1: like if you're working in the slightly better interior design.

783
00:45:26,280 --> 00:45:28,640
Speaker 1: You know, I worked. I worked at a shared office

784
00:45:28,640 --> 00:45:31,920
Speaker 1: space for for a while and it was just that

785
00:45:32,000 --> 00:45:35,400
Speaker 1: was fine. Everybody was there. I could never like, I

786
00:45:35,440 --> 00:45:38,160
Speaker 1: don't know, I I can't be productive in a space

787
00:45:38,280 --> 00:45:41,400
Speaker 1: where I can't wander around shirtless with an a R

788
00:45:41,520 --> 00:45:44,760
Speaker 1: fifteen strapped in my chest. We all have our process

789
00:45:44,840 --> 00:45:48,759
Speaker 1: strapped or taped. No no, no, no, no, no, no

790
00:45:48,760 --> 00:45:52,240
Speaker 1: no no. I have a very nice slingk um Now

791
00:45:52,520 --> 00:45:57,600
Speaker 1: several um you know who doesn't sell SLINKs for a

792
00:45:57,880 --> 00:46:06,080
Speaker 1: fifteen maybe yet, although we're courting them the products and

793
00:46:06,120 --> 00:46:16,040
Speaker 1: services and the sponsored this show. We're back. We're talking

794
00:46:16,080 --> 00:46:18,480
Speaker 1: about a thing that we won't talk about after this

795
00:46:18,520 --> 00:46:20,799
Speaker 1: will be a mystery for the nine of you who

796
00:46:20,880 --> 00:46:25,720
Speaker 1: are listening. After that digression about dog fighting. UM strange,

797
00:46:26,080 --> 00:46:30,400
Speaker 1: Michael Vick is still listening. Michael Vick big support, really

798
00:46:30,760 --> 00:46:34,440
Speaker 1: huge into the podcast. Uh and you know what I

799
00:46:34,520 --> 00:46:38,360
Speaker 1: support north of sixty of what he's done with his life.

800
00:46:38,760 --> 00:46:41,480
Speaker 1: A lot of passes, A lot of passes were good.

801
00:46:42,440 --> 00:46:44,680
Speaker 1: It is rent on time for a spell. He was

802
00:46:44,680 --> 00:46:48,960
Speaker 1: a good football player. I don't know anything about Michael

803
00:46:49,000 --> 00:46:51,319
Speaker 1: Vick other than the dog fighting and football. Those are

804
00:46:51,320 --> 00:46:53,200
Speaker 1: the only two things I know. Is I don't know

805
00:46:53,239 --> 00:46:55,560
Speaker 1: anything about the football. I know he was a footballer,

806
00:46:55,600 --> 00:46:57,960
Speaker 1: but I don't know. I can't analyze him. He was

807
00:46:57,960 --> 00:47:02,120
Speaker 1: pretty good. He's running were more than a yards. Okay,

808
00:47:02,120 --> 00:47:04,960
Speaker 1: never mind, he was good. He was good at the

809
00:47:04,960 --> 00:47:09,040
Speaker 1: balls at Okay, that's good. That's good. Well, no, because

810
00:47:09,040 --> 00:47:12,759
Speaker 1: of the dog fighting. But now I understand more. Now.

811
00:47:12,960 --> 00:47:16,440
Speaker 1: Adam Neuman's most constant refrain when he talked about We

812
00:47:16,480 --> 00:47:20,120
Speaker 1: Worked his employees was this, and this is a quote.

813
00:47:20,840 --> 00:47:23,200
Speaker 1: We are here in order to change the world. Nothing

814
00:47:23,280 --> 00:47:27,160
Speaker 1: less than that interests me, and for a while it

815
00:47:27,280 --> 00:47:30,400
Speaker 1: seemed like that really might be happening. By two eighteen,

816
00:47:30,480 --> 00:47:32,960
Speaker 1: We Worked had four hundred and sixty six thousand members

817
00:47:32,960 --> 00:47:35,400
Speaker 1: working at a four five locations and more than one

818
00:47:35,480 --> 00:47:38,719
Speaker 1: hundred cities in twenty eight countries. It had more than

819
00:47:38,800 --> 00:47:42,280
Speaker 1: doubled its revenue every year of its existence. Not only

820
00:47:42,400 --> 00:47:45,560
Speaker 1: was it Manhattan's largest tenant, but in Central London controlled

821
00:47:45,560 --> 00:47:49,719
Speaker 1: more space than anyone but the British government. So this

822
00:47:49,800 --> 00:47:52,799
Speaker 1: is like like you can't overstate like how much this

823
00:47:52,840 --> 00:47:57,600
Speaker 1: company fucking expands rights are. If you own anything in London,

824
00:47:57,760 --> 00:48:03,400
Speaker 1: you're an evil person, including the British government. It seems

825
00:48:03,400 --> 00:48:05,600
Speaker 1: to be all the metrics of like success are all

826
00:48:05,640 --> 00:48:09,319
Speaker 1: just sort of geographical and and and not based on

827
00:48:09,400 --> 00:48:12,920
Speaker 1: actually profit anything other than just based on and. And

828
00:48:12,960 --> 00:48:17,000
Speaker 1: they don't own these buildings leasing them. Yeah, they're leasing them.

829
00:48:17,120 --> 00:48:21,359
Speaker 1: So even even the geographical brag is kind of a liability. Yeah,

830
00:48:21,560 --> 00:48:26,160
Speaker 1: that's you can't be the most profitable, profitable company if

831
00:48:26,200 --> 00:48:30,480
Speaker 1: you're essentially a middleman. It seems like that shouldn't be possible.

832
00:48:30,680 --> 00:48:34,560
Speaker 1: It seems like you're almost offering nothing just in the

833
00:48:34,640 --> 00:48:37,359
Speaker 1: way of getting off it. I wonder if this will

834
00:48:37,400 --> 00:48:40,799
Speaker 1: ever crash and burn in a page or two. I'm

835
00:48:40,840 --> 00:48:43,000
Speaker 1: pretty sure it's going. As the summer of two that's

836
00:48:43,000 --> 00:48:45,360
Speaker 1: an eighteen rolled on, there were increasing signs of trouble

837
00:48:45,560 --> 00:48:47,839
Speaker 1: within the company. One warning came out of what could

838
00:48:47,840 --> 00:48:51,440
Speaker 1: be plausibly described as Adam's good intentions, his desire to

839
00:48:51,480 --> 00:48:54,560
Speaker 1: ban the eating of meat, or at least the subsidizing

840
00:48:54,560 --> 00:48:56,759
Speaker 1: of the eating of meat by his company by exchanging

841
00:48:56,800 --> 00:49:00,839
Speaker 1: it for tequila from The Wall Street Journal When Mr

842
00:49:00,880 --> 00:49:04,560
Speaker 1: Neuman announced in July two, eighteen, via video call from Israel,

843
00:49:04,640 --> 00:49:06,719
Speaker 1: that the company was banning meat. Executives in New York

844
00:49:06,760 --> 00:49:09,560
Speaker 1: were caught off guard with little explanation from Mr. Neuman,

845
00:49:09,600 --> 00:49:12,480
Speaker 1: A group huddled around to determine a rationale. They settled

846
00:49:12,520 --> 00:49:14,920
Speaker 1: on sustainability and the mechanics of what would be banned

847
00:49:14,920 --> 00:49:18,200
Speaker 1: and how. They determined employees couldn't expense meals with meat

848
00:49:18,280 --> 00:49:20,000
Speaker 1: and that, but that they could eat it in company

849
00:49:20,040 --> 00:49:23,160
Speaker 1: offices so long as the company didn't pay. Former employees

850
00:49:23,160 --> 00:49:26,359
Speaker 1: say they have since seen Mr. Norman eat meat, so

851
00:49:26,400 --> 00:49:28,319
Speaker 1: he gets a hair up his ass that eating meat

852
00:49:28,360 --> 00:49:31,719
Speaker 1: is bad. Fine, I'm even out down with the idea

853
00:49:31,719 --> 00:49:33,400
Speaker 1: of a big company being like, we're not going to

854
00:49:33,480 --> 00:49:38,200
Speaker 1: use company money to support the ending of me anymore. Good? Fine? Uh,

855
00:49:38,680 --> 00:49:44,359
Speaker 1: but the aristocracy, yeah, exactly, Like the important thing here

856
00:49:44,440 --> 00:49:47,200
Speaker 1: is not the meat thing. It's the idea that like,

857
00:49:47,280 --> 00:49:49,520
Speaker 1: this guy has an idea, and now what is a

858
00:49:49,600 --> 00:49:52,359
Speaker 1: multi billion dollar company changes has to change on a dime,

859
00:49:52,719 --> 00:49:55,120
Speaker 1: And that's not good. But I honestly think he's like

860
00:49:55,200 --> 00:49:57,960
Speaker 1: not going far enough, like still letting people eat meat

861
00:49:57,960 --> 00:50:01,080
Speaker 1: in the office like that a living Yeah, I don't

862
00:50:01,080 --> 00:50:02,920
Speaker 1: know if here illegally do that. To be honest, yeah,

863
00:50:02,920 --> 00:50:04,759
Speaker 1: i'd probably. I don't know if you could legally stop

864
00:50:04,760 --> 00:50:06,719
Speaker 1: people on their lunch breaks from eating whatever they wanted.

865
00:50:06,920 --> 00:50:08,560
Speaker 1: Back when I worked at Group On, like people who

866
00:50:08,560 --> 00:50:11,840
Speaker 1: would you know the microwave fish stuff and that's just

867
00:50:11,840 --> 00:50:14,239
Speaker 1: been a complete disaster. Different but you couldn't stop them

868
00:50:14,400 --> 00:50:16,719
Speaker 1: eating fish. You just can't microwave it. Man. I'd like

869
00:50:16,800 --> 00:50:19,600
Speaker 1: to you know, what's fun about laws in America is

870
00:50:19,719 --> 00:50:22,960
Speaker 1: technically a lot of things you can't do, but you

871
00:50:23,080 --> 00:50:25,560
Speaker 1: just do it and people won't bother you. That is true.

872
00:50:25,840 --> 00:50:27,520
Speaker 1: And I have a story to tell you about him

873
00:50:27,560 --> 00:50:30,960
Speaker 1: as Chetti and Nap the bomb. But when we were

874
00:50:31,080 --> 00:50:34,120
Speaker 1: prepared to go public, they basically bribed the major exchanges

875
00:50:34,160 --> 00:50:36,319
Speaker 1: by promising to list on them if they would ban

876
00:50:36,400 --> 00:50:39,640
Speaker 1: meat and single use plastics from their cafeterias. The president

877
00:50:39,680 --> 00:50:42,160
Speaker 1: of the New York Stock Exchange agreed to cut out plastics,

878
00:50:42,160 --> 00:50:45,000
Speaker 1: but refused to remove meat. NASDAC turned them down, but

879
00:50:45,040 --> 00:50:47,400
Speaker 1: offered to create a new index the WEE fifty of

880
00:50:47,440 --> 00:50:52,080
Speaker 1: companies committed to sustainability. So that's okay, you're a big

881
00:50:52,760 --> 00:50:56,880
Speaker 1: hating on plastic and against that. That's fine, I'm absolutely

882
00:50:56,880 --> 00:50:59,279
Speaker 1: fine with that. But that with this dude, that's like,

883
00:51:00,120 --> 00:51:01,719
Speaker 1: and we're going to take the money we saved from

884
00:51:01,719 --> 00:51:04,560
Speaker 1: that and invest it in frocking like this, Yeah, funked up,

885
00:51:04,640 --> 00:51:06,839
Speaker 1: Like I have no trust in him. Yeah, And it's

886
00:51:06,880 --> 00:51:11,399
Speaker 1: it's a more of a like he agrees to cut

887
00:51:11,400 --> 00:51:15,840
Speaker 1: that requirement out off they create a Nasdaq index about

888
00:51:15,880 --> 00:51:19,200
Speaker 1: sustainable companies named after we Wreck. He's got to cut

889
00:51:19,200 --> 00:51:21,879
Speaker 1: it out with the WEE stuff. Yeah, I'm a big

890
00:51:21,880 --> 00:51:25,320
Speaker 1: fan of They rebranded the we essentially exting people for

891
00:51:25,440 --> 00:51:31,120
Speaker 1: climate justice. That's yeah, fine, I guess so. Uh. We

892
00:51:31,120 --> 00:51:32,880
Speaker 1: Work and getting off the ground at this point and

893
00:51:32,920 --> 00:51:35,560
Speaker 1: secured major investments because of its charismatic founder, but now

894
00:51:35,640 --> 00:51:38,240
Speaker 1: that the company had matured into a multibillion dollar enterprise,

895
00:51:38,280 --> 00:51:40,200
Speaker 1: it was still run as an extension of the personal

896
00:51:40,200 --> 00:51:43,760
Speaker 1: will of Adam Neuman. In November of two thousand eighteen,

897
00:51:44,360 --> 00:51:47,280
Speaker 1: Adam showed up late and profoundly hungover to a meeting

898
00:51:47,320 --> 00:51:51,240
Speaker 1: with Kaldoon Khalifa al Mubarik, the CEO and managing director

899
00:51:51,280 --> 00:51:54,719
Speaker 1: of the Sovereign Wealth Fund of Abu Dhabi. This was

900
00:51:54,760 --> 00:51:57,200
Speaker 1: a critical meeting. We Work was on track to lose

901
00:51:57,280 --> 00:51:59,480
Speaker 1: hundreds of millions of dollars that year, and Mubarak had

902
00:51:59,520 --> 00:52:01,319
Speaker 1: gotten nerves us about all the money that he had

903
00:52:01,360 --> 00:52:04,720
Speaker 1: gambled on the company's success. Adam's job at this meeting

904
00:52:05,080 --> 00:52:07,799
Speaker 1: was to reassure a Mubarik the fact that we Work

905
00:52:07,880 --> 00:52:10,600
Speaker 1: CEO couldn't stay sober long enough to take a meeting

906
00:52:10,640 --> 00:52:16,040
Speaker 1: worth potentially billions of dollars rightfully angered the board that

907
00:52:16,040 --> 00:52:18,759
Speaker 1: will happen. No, Eman couldn't have cared less. In the

908
00:52:18,800 --> 00:52:21,000
Speaker 1: summer of two eighteen, he'd worked out a deal with

909
00:52:21,080 --> 00:52:23,799
Speaker 1: Masayoshi and soft Bank to sell the bulk of we

910
00:52:23,920 --> 00:52:28,600
Speaker 1: Work stock to that company for sixteen billion dollars. This

911
00:52:28,640 --> 00:52:31,520
Speaker 1: is the only relatable thing that I've heard about, this

912
00:52:31,640 --> 00:52:35,840
Speaker 1: showing up to a meeting ngover Ngover, even though I've

913
00:52:35,880 --> 00:52:39,439
Speaker 1: never been sober in a meeting. All Right, I get

914
00:52:39,440 --> 00:52:42,920
Speaker 1: this guy a little bit at least, but it is like,

915
00:52:43,320 --> 00:52:46,760
Speaker 1: you know, I'm gonna be honest if there were billions

916
00:52:46,760 --> 00:52:49,120
Speaker 1: of dollars on the line and probably show up sober

917
00:52:49,120 --> 00:52:52,360
Speaker 1: to the meeting, probably, Yeah, I got a self destructive streak.

918
00:52:52,440 --> 00:52:54,320
Speaker 1: I think I would. I think part of me would

919
00:52:54,400 --> 00:52:57,319
Speaker 1: really want to tank this meeting on a on a

920
00:52:57,400 --> 00:52:59,560
Speaker 1: like important level, which is why I would never have

921
00:52:59,640 --> 00:53:02,600
Speaker 1: the meeting. I would sit staring at the bottle, but

922
00:53:02,760 --> 00:53:05,560
Speaker 1: thinking about all of the explosives that the billions of

923
00:53:05,560 --> 00:53:11,719
Speaker 1: dollar militias. I feel like buildings to toss people off. Absolutely,

924
00:53:12,440 --> 00:53:14,359
Speaker 1: I'll just be sitting in a meeting just being like,

925
00:53:15,400 --> 00:53:18,040
Speaker 1: I'm like the only person right now there's a chance

926
00:53:18,080 --> 00:53:23,080
Speaker 1: to assassinate you, should I do. If you had a

927
00:53:23,160 --> 00:53:26,840
Speaker 1: billion dollar meeting tomorrow, you'd show up drunk as ship

928
00:53:26,960 --> 00:53:30,080
Speaker 1: or hungover. But if you had to go through all

929
00:53:30,120 --> 00:53:32,279
Speaker 1: the steps that this dude has had to go through

930
00:53:32,400 --> 00:53:35,560
Speaker 1: to get there, there's a decent chance by then you'd

931
00:53:35,560 --> 00:53:37,080
Speaker 1: be like, all right, I'm gonna take this serious. I'm

932
00:53:37,080 --> 00:53:39,360
Speaker 1: gonna do take it seriously. This thing that like the

933
00:53:39,760 --> 00:53:42,080
Speaker 1: thing that I built for taking. You would become acclimated

934
00:53:42,160 --> 00:53:45,080
Speaker 1: to the cultright building. If you had a critical meeting

935
00:53:45,120 --> 00:53:48,239
Speaker 1: about your book, you would probably force yourself to be

936
00:53:48,280 --> 00:53:50,600
Speaker 1: in the kind of mind state to deal with Like

937
00:53:50,880 --> 00:53:54,319
Speaker 1: a publisher, you would hope so and if you and

938
00:53:54,360 --> 00:53:58,400
Speaker 1: if you didn't, that's true, that's true. And if you didn't,

939
00:53:58,840 --> 00:54:01,600
Speaker 1: that's a bad sign. Side. Yeah, I want to become

940
00:54:01,640 --> 00:54:04,759
Speaker 1: president of the world. I feel like, that's okay though, right, Robert,

941
00:54:04,760 --> 00:54:11,040
Speaker 1: where give me that brick ambition? Right? This is Chicago,

942
00:54:11,080 --> 00:54:15,040
Speaker 1: there should be bricks everywhere. City of Bricks. Yeah, that's

943
00:54:15,040 --> 00:54:19,839
Speaker 1: a nickname now. Uh so, yeah, No, Man had worked

944
00:54:19,840 --> 00:54:21,920
Speaker 1: out a plan with mass Ayoshi into this an eighteen

945
00:54:21,920 --> 00:54:23,680
Speaker 1: to sell the book of We Work stock for sixteen

946
00:54:23,719 --> 00:54:26,880
Speaker 1: billion dollars to soft Bank. Now, Vanity Fair says that

947
00:54:26,920 --> 00:54:30,360
Speaker 1: this was Annoyman's escape plan. Quote, he and his investors

948
00:54:30,360 --> 00:54:32,600
Speaker 1: would be insanely rich. This was a pivotal moment. A

949
00:54:32,600 --> 00:54:35,160
Speaker 1: form where we work executive or called Adam was acting

950
00:54:35,200 --> 00:54:37,160
Speaker 1: like the soft Bank deal was done and we would

951
00:54:37,160 --> 00:54:39,400
Speaker 1: be flushed with cash. So he was planning and again

952
00:54:39,440 --> 00:54:42,120
Speaker 1: like cashing out and escaping, which kind of hits the

953
00:54:42,239 --> 00:54:43,600
Speaker 1: fact that he doesn't believe any of this. He was

954
00:54:43,600 --> 00:54:45,000
Speaker 1: just trying to get a big enough investment that he

955
00:54:45,000 --> 00:54:47,520
Speaker 1: could get the funk out. That's the thing that these guys,

956
00:54:47,840 --> 00:54:50,400
Speaker 1: like every time we go through a story about these

957
00:54:50,480 --> 00:54:54,200
Speaker 1: types of guys, they're one failing is they take the

958
00:54:54,239 --> 00:54:57,240
Speaker 1: grift too far and they don't know when to just bail.

959
00:54:58,000 --> 00:55:00,760
Speaker 1: Like like with the guy we talked about, Alex Jones,

960
00:55:01,000 --> 00:55:03,400
Speaker 1: he should have just bailed a while back. He nailed

961
00:55:03,400 --> 00:55:06,080
Speaker 1: his grift, He got what he needed. Could have walked

962
00:55:06,120 --> 00:55:08,920
Speaker 1: away with the net worth five dollars way more than that,

963
00:55:09,160 --> 00:55:14,279
Speaker 1: ye minimum, Yeah, after after the election, probably could have. Yeah,

964
00:55:15,000 --> 00:55:18,400
Speaker 1: like at a great golden parachute. They're not capable to

965
00:55:18,520 --> 00:55:20,640
Speaker 1: get out, and they just don't do it because the

966
00:55:20,760 --> 00:55:23,120
Speaker 1: more smart none of them more smartest. Tom from my

967
00:55:23,200 --> 00:55:27,080
Speaker 1: Space no cash out, six hunt million bucks doesn't destroy democracy,

968
00:55:27,160 --> 00:55:29,520
Speaker 1: goes and retires. I got nothing against Tom. Did he

969
00:55:29,520 --> 00:55:32,520
Speaker 1: cash there for six hullion years? He did great, And

970
00:55:32,600 --> 00:55:37,200
Speaker 1: you know what, he didn't destroy democracy? Yeah anything. He

971
00:55:37,280 --> 00:55:42,040
Speaker 1: provided bands a way to share their mediocre music files. Yeah,

972
00:55:42,120 --> 00:55:45,799
Speaker 1: nobody's ever been like, oh man, my space really facilitated

973
00:55:45,840 --> 00:55:51,160
Speaker 1: the younger. Nobody hates Tom. He's rich as ship and

974
00:55:51,160 --> 00:55:54,320
Speaker 1: it's fine. You know what, though, you know, almost everybody

975
00:55:54,320 --> 00:55:56,279
Speaker 1: who was on my Space, who was old enough to

976
00:55:56,320 --> 00:55:58,400
Speaker 1: have been on it, has a negative opinion of him

977
00:55:58,440 --> 00:56:00,759
Speaker 1: because you were forced to be his friend, and we

978
00:56:00,760 --> 00:56:04,719
Speaker 1: should forgive him for that. You know what, I'll go

979
00:56:04,800 --> 00:56:07,600
Speaker 1: about and say, the only cool person worth hundreds of

980
00:56:07,600 --> 00:56:15,840
Speaker 1: millions of dollars Tom Tommy Tommy, So he's got the

981
00:56:15,920 --> 00:56:17,719
Speaker 1: soft bank deal. It doesn't matter that he shows up

982
00:56:17,800 --> 00:56:19,279
Speaker 1: hungover to a meeting with the head of the Abu

983
00:56:19,320 --> 00:56:22,160
Speaker 1: Dhabi Sovereign Wealth Fund. But then that soft bank deal

984
00:56:22,200 --> 00:56:25,239
Speaker 1: for sixteen billion dollars falls through because people other than

985
00:56:25,280 --> 00:56:28,080
Speaker 1: Masayoshi Sawn took a look at the company financials and

986
00:56:28,120 --> 00:56:30,920
Speaker 1: decided that we work, which was losing at this point

987
00:56:31,000 --> 00:56:34,320
Speaker 1: billions of dollars a year. Maybe he wasn't the best

988
00:56:34,360 --> 00:56:38,759
Speaker 1: way to invest sixteen billion dollars. Massa Yoshi agreed to

989
00:56:38,760 --> 00:56:41,480
Speaker 1: invest another two billion, but at the rate we weren't

990
00:56:41,880 --> 00:56:46,879
Speaker 1: burnstree now, which is still This is why I say

991
00:56:46,960 --> 00:56:52,040
Speaker 1: two things. Money isn't real and it's dumb as shit.

992
00:56:53,560 --> 00:56:56,560
Speaker 1: Ye don't listen, your company's fucked. Here's two billions, here's

993
00:56:56,600 --> 00:57:00,360
Speaker 1: two billion dollars. This is what happens when you have

994
00:57:00,360 --> 00:57:02,360
Speaker 1: a group of people around you who is willing to

995
00:57:02,400 --> 00:57:04,440
Speaker 1: say no to you. And then it was like, oh,

996
00:57:04,480 --> 00:57:06,239
Speaker 1: it's only two billion. I was like, never mind phones,

997
00:57:07,080 --> 00:57:12,040
Speaker 1: this guy stupid eat them all. So at the rate

998
00:57:12,080 --> 00:57:14,400
Speaker 1: we work burned through cash. Two billion dollars brought the

999
00:57:14,440 --> 00:57:18,080
Speaker 1: company eight months or something like that, eight nine months.

1000
00:57:18,120 --> 00:57:20,120
Speaker 1: They lost one point three billion in the first six

1001
00:57:20,160 --> 00:57:26,000
Speaker 1: months of this year. Eight months that's insane. Eight nine.

1002
00:57:26,000 --> 00:57:28,960
Speaker 1: I'm not going to do the exact one point one

1003
00:57:28,960 --> 00:57:31,160
Speaker 1: point three billion in six months, So eight nine months

1004
00:57:31,200 --> 00:57:35,360
Speaker 1: seems fair. Um. Yeah, it's absurd um and less than

1005
00:57:35,480 --> 00:57:42,160
Speaker 1: uber loses m Yeah. Now it's like real estate expenses, right,

1006
00:57:42,240 --> 00:57:47,959
Speaker 1: Like it's leases leases. Other people will pay him lease

1007
00:57:48,200 --> 00:57:50,920
Speaker 1: and he's giving them free rent in order to suck

1008
00:57:50,960 --> 00:57:54,200
Speaker 1: them in. Yeah, but he just keeps giving free rents.

1009
00:57:54,200 --> 00:57:57,320
Speaker 1: They just keep moving around. Business. It's a terrible business. Great,

1010
00:57:58,480 --> 00:58:02,439
Speaker 1: that's a great, that's that's a that's a scheme. Yeh.

1011
00:58:02,960 --> 00:58:06,600
Speaker 1: Ever he basically yeah, essentially in every way but the

1012
00:58:06,680 --> 00:58:12,720
Speaker 1: legal way. Yeah, which is the best kind of scheme. Problem,

1013
00:58:12,720 --> 00:58:14,480
Speaker 1: it does seem like he should be fired out of

1014
00:58:14,480 --> 00:58:17,840
Speaker 1: a catapult for his crimes. Now. So again, the two

1015
00:58:17,840 --> 00:58:21,400
Speaker 1: billion dollars just gave we worked months of breathing room,

1016
00:58:21,560 --> 00:58:24,520
Speaker 1: not what they really needed. And so Adam started to

1017
00:58:24,520 --> 00:58:26,640
Speaker 1: get desperate for more funding. And I'm gonna quote again

1018
00:58:26,680 --> 00:58:32,480
Speaker 1: from Vanity Fair. So he started dog fighting. Yeah, and

1019
00:58:32,560 --> 00:58:37,200
Speaker 1: this is where our sponsors, dog Fighter without any comes

1020
00:58:37,240 --> 00:58:40,120
Speaker 1: into the product. Use code bastards on dog fighter and

1021
00:58:40,120 --> 00:58:44,720
Speaker 1: you'll get all right, the quote from Vanity Fair. According

1022
00:58:44,760 --> 00:58:47,880
Speaker 1: to sources, he pitched Apple CFO Luca Mastree on doing

1023
00:58:47,920 --> 00:58:50,080
Speaker 1: a deal with we Work. It's unclear why Apple would

1024
00:58:50,080 --> 00:58:52,040
Speaker 1: want to invest in we Work, and not surprisingly, the

1025
00:58:52,120 --> 00:58:55,800
Speaker 1: company passed. Uh Norman went to Google and proposed a partnership,

1026
00:58:55,960 --> 00:58:59,000
Speaker 1: They too passed. Noman batted around other investment ideas. He

1027
00:58:59,000 --> 00:59:02,400
Speaker 1: early discussed buying Slack. He sat there saying, what companies

1028
00:59:02,440 --> 00:59:05,240
Speaker 1: can we buy? Maybe we should buy Slack, A former

1029
00:59:05,240 --> 00:59:08,200
Speaker 1: executive recalled. When no Himan returned to we Works New

1030
00:59:08,280 --> 00:59:11,080
Speaker 1: York headquarters later that winter, he seemed desperate. He barked

1031
00:59:11,200 --> 00:59:14,440
Speaker 1: orders and haphazardly reorganized divisions, at one point having as

1032
00:59:14,440 --> 00:59:16,680
Speaker 1: many as twenty direct reports. According to a former we

1033
00:59:16,760 --> 00:59:19,360
Speaker 1: Work executive, Massa said We're going to be a trillion

1034
00:59:19,400 --> 00:59:22,120
Speaker 1: dollar company. He shouted, according to a former executive who

1035
00:59:22,200 --> 00:59:25,000
Speaker 1: heard it, you're thinking billions and we should be thinking trillions.

1036
00:59:25,040 --> 00:59:27,160
Speaker 1: You people need to be better than you are. New

1037
00:59:27,240 --> 00:59:29,640
Speaker 1: Himan seems shocked by the scale if we Works losses.

1038
00:59:29,920 --> 00:59:32,400
Speaker 1: Sources say he tangled with we Works then CFO Already

1039
00:59:32,440 --> 00:59:35,200
Speaker 1: Menson over the cash squeeze. Menson declined to comment, but

1040
00:59:35,240 --> 00:59:38,120
Speaker 1: a former senior executive said ne Himan drove the decision making.

1041
00:59:38,440 --> 00:59:41,800
Speaker 1: Nothing could happen without Adam. Former executive said, ne Himan

1042
00:59:41,840 --> 00:59:45,200
Speaker 1: often reacted poorly. You don't bring bad news to the

1043
00:59:45,240 --> 00:59:50,120
Speaker 1: cult leader. One said, I've never heard that before. No

1044
00:59:50,200 --> 00:59:55,400
Speaker 1: bute's making you know, making that that's pretty more than one. Yeah,

1045
00:59:55,640 --> 00:59:58,600
Speaker 1: it's it's like that all phrase killed a messenger. That's

1046
00:59:59,440 --> 01:00:05,280
Speaker 1: right us. It's one of those things where Steve Jobs

1047
01:00:05,320 --> 01:00:07,880
Speaker 1: is a guy come back to a lot because, um,

1048
01:00:07,920 --> 01:00:09,960
Speaker 1: he had a lot of this in him, but he

1049
01:00:10,000 --> 01:00:13,240
Speaker 1: also had I guess it's a difference of they both

1050
01:00:13,280 --> 01:00:15,280
Speaker 1: both ne Himan and Jobs have this kind of deep

1051
01:00:15,320 --> 01:00:17,600
Speaker 1: understanding of the human psyche that allows them to manipulate

1052
01:00:17,640 --> 01:00:20,880
Speaker 1: people in a profound way. Jobs uses it to figure

1053
01:00:20,920 --> 01:00:22,960
Speaker 1: out something people want that they don't know they want,

1054
01:00:23,360 --> 01:00:26,200
Speaker 1: and then deliver it and create changes the entire world.

1055
01:00:26,240 --> 01:00:29,560
Speaker 1: The smartphone he knew before anyone else what exactly everyone

1056
01:00:29,560 --> 01:00:31,400
Speaker 1: in the world wanted to carry in their pocket and

1057
01:00:31,400 --> 01:00:34,640
Speaker 1: would addict them and everything. And he was right. Nor Himan,

1058
01:00:35,240 --> 01:00:37,480
Speaker 1: he knows how to manipulate people, uses it to get

1059
01:00:37,480 --> 01:00:40,680
Speaker 1: billions of dollars in investment, but provides nothing. Um, and

1060
01:00:40,680 --> 01:00:42,280
Speaker 1: I'm not going to say what Jobs right is in

1061
01:00:42,360 --> 01:00:45,520
Speaker 1: that good obviously because the smartphone is complicated, is ship

1062
01:00:45,600 --> 01:00:48,440
Speaker 1: and ins of that. But at least it's a thing.

1063
01:00:48,720 --> 01:00:51,160
Speaker 1: It's more you can't argue with it. Not it's not

1064
01:00:51,200 --> 01:00:54,480
Speaker 1: a Ponzi game. It's not. It's it's maybe like Heroin,

1065
01:00:54,560 --> 01:00:58,640
Speaker 1: but it's not a Ponzi s game. Yeah. This guy's

1066
01:00:58,680 --> 01:01:02,600
Speaker 1: just a lot of ideas, Yeah, and mostly the idea

1067
01:01:02,640 --> 01:01:05,960
Speaker 1: of how to convince investors. He's a made a little

1068
01:01:05,960 --> 01:01:10,080
Speaker 1: Banny yah. Yeah. Still, there were bright spots for we

1069
01:01:10,160 --> 01:01:12,800
Speaker 1: Work in two thousand eighteen. Earlier in that year, JP

1070
01:01:12,960 --> 01:01:15,920
Speaker 1: Morgan had led a seven hundred million dollar bond offering

1071
01:01:15,960 --> 01:01:18,479
Speaker 1: for we Work, while Adam's Charisma had started to fail

1072
01:01:18,480 --> 01:01:22,080
Speaker 1: with Masayoshi had worked on JP Morgan's CEO, Jamie Diamond.

1073
01:01:22,720 --> 01:01:24,760
Speaker 1: Jamie Diamond is a profound piece of ship. One of

1074
01:01:24,800 --> 01:01:26,880
Speaker 1: the architects of the two thousand and eight elect h

1075
01:01:26,920 --> 01:01:31,240
Speaker 1: financial crash, probably j first participation, No, of course not.

1076
01:01:31,440 --> 01:01:35,280
Speaker 1: He's a CEO. Specifically that we held those people accountable

1077
01:01:35,440 --> 01:01:37,480
Speaker 1: to make sure that it would never happen again. Now

1078
01:01:37,520 --> 01:01:40,240
Speaker 1: we went to jail for the eventual dog fighting ring.

1079
01:01:40,320 --> 01:01:45,760
Speaker 1: He ran with Annoyman and that's when Michael took Jamie

1080
01:01:45,760 --> 01:01:49,200
Speaker 1: Demons Bank headed Diamond's Bank handed Adam a hundred million

1081
01:01:49,240 --> 01:01:52,800
Speaker 1: dollar personal loan and a five million dollar personal credit line.

1082
01:01:53,040 --> 01:01:55,560
Speaker 1: That's not that much for him though, right, like based

1083
01:01:55,600 --> 01:01:58,840
Speaker 1: on too much, sure, but like you were saying, like

1084
01:01:58,880 --> 01:02:01,480
Speaker 1: two billion dollars, he was worth four billion at this

1085
01:02:01,520 --> 01:02:05,480
Speaker 1: point on paper, right, but he's also got seven million

1086
01:02:05,520 --> 01:02:09,480
Speaker 1: dollars that he was the company, right, Yeah, that's tough.

1087
01:02:10,480 --> 01:02:15,720
Speaker 1: I feel bad, like just being broke, uh way better,

1088
01:02:15,960 --> 01:02:18,919
Speaker 1: but you're rich way better than that. When you're that broke.

1089
01:02:19,200 --> 01:02:22,600
Speaker 1: It comes back around a ridge. Yeah, you know, that's

1090
01:02:22,640 --> 01:02:26,200
Speaker 1: the way it works. For some reason. I remember I

1091
01:02:26,280 --> 01:02:29,080
Speaker 1: played I played a SIM game. I remember when I

1092
01:02:29,160 --> 01:02:32,160
Speaker 1: was like in my early teens. That was essentially like

1093
01:02:32,400 --> 01:02:38,040
Speaker 1: creating an apartment building tower. I remember that so clearly,

1094
01:02:38,040 --> 01:02:40,439
Speaker 1: and I was really good at it. And I feel

1095
01:02:40,480 --> 01:02:42,640
Speaker 1: like I would run we work a lot better than

1096
01:02:42,640 --> 01:02:44,720
Speaker 1: that if I just had a simisit well, because you

1097
01:02:44,720 --> 01:02:46,880
Speaker 1: wouldn't try to make it everything. You would try to

1098
01:02:46,960 --> 01:02:49,760
Speaker 1: run a very simple company that least's office space to

1099
01:02:49,840 --> 01:02:54,040
Speaker 1: people that needed, which is fine. Knowing Jordan need to

1100
01:02:54,080 --> 01:02:56,080
Speaker 1: put a movie theater in the basement where you're supposed

1101
01:02:56,120 --> 01:02:58,680
Speaker 1: to put parking and they're just no. But you do

1102
01:02:58,760 --> 01:03:02,720
Speaker 1: remove the fire escapes because that ship's expensive. Yeah, no,

1103
01:03:02,920 --> 01:03:07,520
Speaker 1: and the extinguishers detectors, buildings don't catch on fire. If

1104
01:03:07,560 --> 01:03:10,160
Speaker 1: I know one thing about Chicago history, it's that fires

1105
01:03:10,200 --> 01:03:16,080
Speaker 1: never happened. It's all a myth. Is definitely real and

1106
01:03:16,120 --> 01:03:21,080
Speaker 1: od up. Now, Adam was heard to brag to people

1107
01:03:21,160 --> 01:03:23,280
Speaker 1: that Jamie Diamond, one of the architects again of the

1108
01:03:23,320 --> 01:03:26,320
Speaker 1: financial crash, was now his personal banker and might soon

1109
01:03:26,400 --> 01:03:30,520
Speaker 1: leave JP Morgan to run Adam's family investment office. Speaking

1110
01:03:30,520 --> 01:03:33,280
Speaker 1: of family, Adam and started bragging that his children would

1111
01:03:33,320 --> 01:03:35,920
Speaker 1: follow him as the leadership of we work. And speaking

1112
01:03:35,960 --> 01:03:40,040
Speaker 1: of unfathomable nepotism, let's talk a little bit more about

1113
01:03:40,040 --> 01:03:45,920
Speaker 1: Adam's relationship to Jared Kushner. They hung out of that fire.

1114
01:03:46,280 --> 01:03:49,600
Speaker 1: They hung out a lot. See, it turns out that

1115
01:03:49,600 --> 01:03:52,440
Speaker 1: the Neuman's and the kush clan are actually very close friends.

1116
01:03:52,440 --> 01:03:56,800
Speaker 1: Don't call them that. That is what the clans Betsy

1117
01:03:56,960 --> 01:04:00,680
Speaker 1: Davie's work with. They did body shots a lot. The

1118
01:04:00,720 --> 01:04:04,000
Speaker 1: funk is going on is all evils surrounded by itself.

1119
01:04:04,280 --> 01:04:07,880
Speaker 1: Prince ran security at the school. Yeah, and also did

1120
01:04:07,920 --> 01:04:11,240
Speaker 1: body shots. Yeah, you came back to life just to

1121
01:04:11,360 --> 01:04:16,520
Speaker 1: run thing now. Jered clearly believed in Adam's promised ability

1122
01:04:16,560 --> 01:04:18,760
Speaker 1: to change the world. In the summer of two thousan eighteen,

1123
01:04:18,760 --> 01:04:21,520
Speaker 1: We Work executives rather suddenly learned that Adam had been

1124
01:04:21,560 --> 01:04:26,760
Speaker 1: drafted by Kushner to work on Ja Cush's Mideast peace plan.

1125
01:04:27,240 --> 01:04:30,440
Speaker 1: I will Nouman had put We Works director of Development

1126
01:04:30,560 --> 01:04:33,240
Speaker 1: Ronnie Behar, on the task of finding an advertising firm

1127
01:04:33,280 --> 01:04:35,560
Speaker 1: to put together a video for Kushner about how an

1128
01:04:35,600 --> 01:04:40,600
Speaker 1: economically revitalized West Bank and Gaza might look this. I

1129
01:04:40,960 --> 01:04:44,440
Speaker 1: am never I'm never ever envious of their money. I

1130
01:04:44,480 --> 01:04:47,680
Speaker 1: don't want I don't even understand a billion dollars. But

1131
01:04:47,800 --> 01:04:52,080
Speaker 1: the confidence that it takes, the ridiculous, insane confidence that

1132
01:04:52,120 --> 01:04:54,000
Speaker 1: it takes for you to be a shitty We Work

1133
01:04:54,080 --> 01:04:56,760
Speaker 1: CEO and be like, I think you know what I'm

1134
01:04:56,800 --> 01:05:01,720
Speaker 1: going to solved for the s an obviously sing company

1135
01:05:01,800 --> 01:05:03,760
Speaker 1: and the son of a man who went to prison

1136
01:05:03,840 --> 01:05:06,680
Speaker 1: for real estate scams. YEA, to sit kind, be like

1137
01:05:06,920 --> 01:05:09,880
Speaker 1: you know this thousand, this this conflict. I think we

1138
01:05:10,320 --> 01:05:11,680
Speaker 1: can deal with this year. I think we can bang

1139
01:05:11,680 --> 01:05:13,680
Speaker 1: it on in four years. All I can think of

1140
01:05:13,760 --> 01:05:17,120
Speaker 1: is like, do they do they like like each other?

1141
01:05:17,680 --> 01:05:19,400
Speaker 1: I think, so, what do you think they didn't? I

1142
01:05:19,400 --> 01:05:22,360
Speaker 1: think that's why he gets this this task part. Wonder

1143
01:05:22,560 --> 01:05:24,800
Speaker 1: if they're even capable of liking each other. You know,

1144
01:05:25,120 --> 01:05:30,520
Speaker 1: it seems like fraud. I mean, like, yeah, right, I

1145
01:05:30,560 --> 01:05:35,280
Speaker 1: don't think so. I don't think. I think Trump maybe does.

1146
01:05:35,520 --> 01:05:37,240
Speaker 1: I don't think. I don't. I don't know how much

1147
01:05:37,280 --> 01:05:40,400
Speaker 1: he believes in himself. But I think Kushner is just

1148
01:05:40,720 --> 01:05:43,720
Speaker 1: that deluded and dumb and has always been rich and

1149
01:05:43,720 --> 01:05:47,600
Speaker 1: totally special. And I think I don't think. I think

1150
01:05:47,760 --> 01:05:50,320
Speaker 1: might actually know he's a con artist. I really I

1151
01:05:50,360 --> 01:05:52,960
Speaker 1: go back and forth on the guy. I think Kushner

1152
01:05:53,080 --> 01:05:56,520
Speaker 1: really is genuine about his beliefs. I just think he's

1153
01:05:56,560 --> 01:05:59,280
Speaker 1: stupid as ship. No. I think that I think Trump

1154
01:05:59,480 --> 01:06:04,720
Speaker 1: is so analogous to Alex Jones that it's it's insane,

1155
01:06:04,760 --> 01:06:07,200
Speaker 1: like that idea of you waffling back and forth like

1156
01:06:07,520 --> 01:06:10,920
Speaker 1: is this guy stupid? Does he know? Is he insane?

1157
01:06:11,160 --> 01:06:13,520
Speaker 1: What does he do? And I don't waffle on Kushner.

1158
01:06:13,600 --> 01:06:17,000
Speaker 1: I think he's just never not been rich and has

1159
01:06:17,280 --> 01:06:20,800
Speaker 1: no concept of reality. I think that I think that

1160
01:06:20,840 --> 01:06:24,560
Speaker 1: about Kushner A lot of people around him I don't know.

1161
01:06:24,680 --> 01:06:26,400
Speaker 1: Adam might be in the same boat, or he might

1162
01:06:26,480 --> 01:06:29,000
Speaker 1: be like a literal sociopath. I really don't know with Adam,

1163
01:06:29,040 --> 01:06:32,959
Speaker 1: but I think Kushner is just completely out of out

1164
01:06:32,960 --> 01:06:36,600
Speaker 1: of reality. So sources close to Adam Noyman tend to

1165
01:06:36,600 --> 01:06:38,959
Speaker 1: credit the four point four billion dollar infusion of soft

1166
01:06:38,960 --> 01:06:41,320
Speaker 1: bank cash with inflating Adam's ego beyond the realm of

1167
01:06:41,360 --> 01:06:45,600
Speaker 1: sanity in the what how could it not? How could

1168
01:06:45,600 --> 01:06:48,000
Speaker 1: it not that that is fair? Like, of course that

1169
01:06:48,040 --> 01:06:50,760
Speaker 1: would break you. If I got four point four billion dollars,

1170
01:06:50,840 --> 01:06:55,280
Speaker 1: I would have a thousand tanks tomorrow. I hate journey

1171
01:06:55,280 --> 01:06:57,280
Speaker 1: and I would make people dance around a fire journey

1172
01:06:57,280 --> 01:07:00,880
Speaker 1: if something who wouldn't it's it's It is the equivalent

1173
01:07:00,960 --> 01:07:04,000
Speaker 1: of giving someone a mental illness. To give that much money,

1174
01:07:04,040 --> 01:07:09,040
Speaker 1: it's terrible for you. There's a lot of data on that. Um. Yeah,

1175
01:07:09,080 --> 01:07:11,160
Speaker 1: the money in the international success. If we worked at him,

1176
01:07:11,200 --> 01:07:13,960
Speaker 1: sit down meetings with world leaders, discussing the refugee crisis

1177
01:07:13,960 --> 01:07:16,080
Speaker 1: and problems of peace and war with people like the

1178
01:07:16,120 --> 01:07:20,680
Speaker 1: President of Canada. So what he does is least space. Yeah,

1179
01:07:21,280 --> 01:07:24,400
Speaker 1: and now he is working with world leaders. Yes, on,

1180
01:07:24,720 --> 01:07:27,280
Speaker 1: I assume the thing that he's an expert at leasing space,

1181
01:07:27,800 --> 01:07:32,320
Speaker 1: solving the refugee crisis. Okay, that's very different that now, No, same,

1182
01:07:32,440 --> 01:07:34,360
Speaker 1: not the same thing. See the reason all these people

1183
01:07:34,360 --> 01:07:38,720
Speaker 1: are leaving Syria nothing not enough leases. But char al

1184
01:07:38,760 --> 01:07:45,320
Speaker 1: Assad reduced the number of leaser arguments. Big thing was like,

1185
01:07:45,600 --> 01:07:52,880
Speaker 1: there's no leases. He only guessed non least space right now.

1186
01:07:53,520 --> 01:07:55,600
Speaker 1: One former executive claims, when Adam got in front of

1187
01:07:55,600 --> 01:07:57,800
Speaker 1: world leaders, it was like he started thinking he was one.

1188
01:07:58,240 --> 01:08:01,400
Speaker 1: And I'd like to quote now pularly bat shit insane

1189
01:08:01,440 --> 01:08:05,880
Speaker 1: Gizmono article which covers Adam's ambitions as a global peacemaker,

1190
01:08:06,280 --> 01:08:09,959
Speaker 1: and this might be the most deluded paragraph anyone's ever written.

1191
01:08:10,000 --> 01:08:12,360
Speaker 1: The paragraph itself is not deluded, but what it's about

1192
01:08:12,640 --> 01:08:16,040
Speaker 1: is so deluded. I can't fucking describe it. I will

1193
01:08:16,080 --> 01:08:19,160
Speaker 1: ship and baby's mouth right now? Is that? No? But

1194
01:08:19,240 --> 01:08:24,240
Speaker 1: you should put down your mic. In conversations with people

1195
01:08:24,240 --> 01:08:27,240
Speaker 1: inside and outside the company, Norman's pronouncements became wilder. He

1196
01:08:27,320 --> 01:08:29,760
Speaker 1: told one investor that he had convinced rama Manuel to

1197
01:08:29,840 --> 01:08:33,439
Speaker 1: run for president on the we Work agenda. Emmanuel did

1198
01:08:33,479 --> 01:08:36,439
Speaker 1: not respond to a request for common Norman told colleagues

1199
01:08:36,439 --> 01:08:38,439
Speaker 1: that he was saving the women of Saudi Arabia by

1200
01:08:38,479 --> 01:08:41,080
Speaker 1: working with Crown Prince Mohammed been Salmon to offer women

1201
01:08:41,120 --> 01:08:44,439
Speaker 1: coating classes. According to a source, in another meeting, Norman

1202
01:08:44,520 --> 01:08:47,360
Speaker 1: said three people were going to save the world. Ben Salmon,

1203
01:08:47,560 --> 01:08:51,640
Speaker 1: Jared Kushner and Norman. Shortly after the news broken October

1204
01:08:51,720 --> 01:08:55,160
Speaker 1: two thousand and eighteen that Saudi agents tortured dissident and

1205
01:08:55,240 --> 01:08:58,759
Speaker 1: Washington Post columnist Jamal ka Shogi and carved his body

1206
01:08:58,760 --> 01:09:01,160
Speaker 1: with a bone saw, likely on order from the Crown

1207
01:09:01,200 --> 01:09:04,759
Speaker 1: Prince himself, no Himan told George W. Bush's former national

1208
01:09:04,760 --> 01:09:07,720
Speaker 1: security advisor, Stephen Hadley that everything could be worked out

1209
01:09:07,720 --> 01:09:11,519
Speaker 1: if Ben Salmon had the right mentor. Confused, Hadley asked

1210
01:09:11,560 --> 01:09:14,360
Speaker 1: who that person might be. According to a source familiar

1211
01:09:14,400 --> 01:09:17,479
Speaker 1: with the meeting, no Himan passed for a moment and said, me,

1212
01:09:20,200 --> 01:09:24,400
Speaker 1: you are on a special level of deluded George W.

1213
01:09:24,640 --> 01:09:27,680
Speaker 1: Bush's former national security advisors, like, this guy is a

1214
01:09:27,720 --> 01:09:32,360
Speaker 1: fucking idiot. I always killed hundreds of millions of people.

1215
01:09:32,520 --> 01:09:39,439
Speaker 1: This hundred nuts. Honestly, I believe that rom part though, Yeah,

1216
01:09:39,439 --> 01:09:42,559
Speaker 1: that's that's within the rama. Believable. We work agenda within

1217
01:09:42,600 --> 01:09:50,760
Speaker 1: the rama. He wanted to be Ben Salmon's mentor that

1218
01:09:50,760 --> 01:09:54,880
Speaker 1: that dude, terrible guy but not an idiot, would ship

1219
01:09:55,080 --> 01:09:59,760
Speaker 1: him out. Like Adam spent the first half of twenty

1220
01:09:59,840 --> 01:10:02,040
Speaker 1: nine team preparing for we worked long awaited I p O.

1221
01:10:02,360 --> 01:10:04,719
Speaker 1: In the startup world, initial public offerings are the stuff

1222
01:10:04,720 --> 01:10:07,200
Speaker 1: of legend. When Apple went public, it created hundreds of

1223
01:10:07,200 --> 01:10:10,519
Speaker 1: millionaires in a matter of minutes. Even the secretary got rich.

1224
01:10:10,880 --> 01:10:14,200
Speaker 1: Google's ibri oh brought even more multimillionaires into the world

1225
01:10:14,560 --> 01:10:17,120
Speaker 1: employees if we were clearly expected their i PO would

1226
01:10:17,120 --> 01:10:20,759
Speaker 1: bring the same windfall. CEO Adam Neuman showed no outward

1227
01:10:20,800 --> 01:10:23,479
Speaker 1: signs of worry his company even valued at forty seven

1228
01:10:23,520 --> 01:10:25,439
Speaker 1: billion dollars earlier in the year, the fact that he

1229
01:10:25,439 --> 01:10:28,679
Speaker 1: hoped would bring even more VC money in and ideally

1230
01:10:28,720 --> 01:10:31,040
Speaker 1: convinced Soft Bank that we worked was safe to keep

1231
01:10:31,040 --> 01:10:34,040
Speaker 1: pumping money into. And who would will convince any of

1232
01:10:34,080 --> 01:10:38,280
Speaker 1: my not convinced listeners money isn't real and as dumb

1233
01:10:38,320 --> 01:10:41,080
Speaker 1: as shit? What kind of what kind of person is

1234
01:10:41,600 --> 01:10:48,839
Speaker 1: forty seven billion dollars? That's that's an insane number. It's

1235
01:10:48,880 --> 01:10:54,240
Speaker 1: it's it's idiotic. It is an idiotic number. Yeah, twelve

1236
01:10:54,320 --> 01:10:59,600
Speaker 1: thousand people who I don't know what they're doing picking lamps.

1237
01:10:59,600 --> 01:11:05,439
Speaker 1: It is its enables these lunatics. The entire system is

1238
01:11:05,600 --> 01:11:09,439
Speaker 1: built by them and I but there has to be

1239
01:11:09,479 --> 01:11:12,880
Speaker 1: something grunt worker at one of these moodies or whatever.

1240
01:11:12,960 --> 01:11:17,240
Speaker 1: It's just like they're not worth as much, guys. And

1241
01:11:17,280 --> 01:11:20,599
Speaker 1: then the top Yeah, I think all of the grunt

1242
01:11:20,640 --> 01:11:22,920
Speaker 1: workers are like, yeah, this grift hang gonna last long

1243
01:11:24,040 --> 01:11:27,120
Speaker 1: that I'm gonna get my nineteen dollars an hour. Look

1244
01:11:27,160 --> 01:11:36,320
Speaker 1: at these assholes. Yeah. So the reality of we work

1245
01:11:36,400 --> 01:11:39,680
Speaker 1: success was less attractive than the forty seven billion dollar valuation.

1246
01:11:40,040 --> 01:11:42,519
Speaker 1: By two en more than twelve billion dollars of venture

1247
01:11:42,560 --> 01:11:45,080
Speaker 1: capital and debt had been pumped into the company and lost.

1248
01:11:45,640 --> 01:11:47,960
Speaker 1: And while it's true that we works revenue had doubled

1249
01:11:48,000 --> 01:11:50,160
Speaker 1: every year and also lost hundreds of millions of dollars

1250
01:11:50,160 --> 01:11:52,680
Speaker 1: per year and eventually billions of dollars per year, and

1251
01:11:52,680 --> 01:11:56,479
Speaker 1: there were no signs of this trend debating. On September eighteen, nineteen,

1252
01:11:56,520 --> 01:11:59,120
Speaker 1: the Wall Street Journal published a massive expose a on

1253
01:11:59,280 --> 01:12:02,600
Speaker 1: we Work, revealing details about its toxic internal culture and,

1254
01:12:02,960 --> 01:12:06,759
Speaker 1: more worryingly to the suits, details about Adam's own self dealing.

1255
01:12:07,160 --> 01:12:09,640
Speaker 1: The report based in part on the August filing his

1256
01:12:09,640 --> 01:12:11,680
Speaker 1: employees had made to the SEC as part of the

1257
01:12:11,720 --> 01:12:14,360
Speaker 1: I p O process revealed that Adam had taken out

1258
01:12:14,400 --> 01:12:17,040
Speaker 1: more than seven and forty million dollars in personal loans

1259
01:12:17,040 --> 01:12:20,280
Speaker 1: on his company's stock. Since Adam was dyslexic, he had

1260
01:12:20,320 --> 01:12:22,559
Speaker 1: to have his advisers brief among the revelations and the

1261
01:12:22,600 --> 01:12:24,920
Speaker 1: story while he huddled with his people to work at

1262
01:12:24,920 --> 01:12:27,960
Speaker 1: a response to the damning article, investors and board members

1263
01:12:27,960 --> 01:12:30,960
Speaker 1: called for him to step down. Adam was initially defiant,

1264
01:12:31,080 --> 01:12:34,200
Speaker 1: telling one colleague, I'm never not going to be CEO,

1265
01:12:34,960 --> 01:12:37,760
Speaker 1: but that was not in his hands anymore. We Work

1266
01:12:37,880 --> 01:12:40,400
Speaker 1: CFO held a conference call with the board of directors

1267
01:12:40,400 --> 01:12:43,439
Speaker 1: and said that Adam had to step down. Jamie Diamond

1268
01:12:43,520 --> 01:12:46,120
Speaker 1: soon joined the consensus, arguing that We Work would never

1269
01:12:46,160 --> 01:12:48,880
Speaker 1: get investors to pump in more money. While Neuman was CEO,

1270
01:12:49,479 --> 01:12:53,320
Speaker 1: the company that had been worth forty seven billion dollars

1271
01:12:53,320 --> 01:12:56,920
Speaker 1: mere weeks ago now teetered on the edge of bankruptcy.

1272
01:12:57,120 --> 01:12:59,800
Speaker 1: In the end, Adam stepped down. His wife was for

1273
01:13:00,120 --> 01:13:03,400
Speaker 1: to leave the company too, but don't worry about them.

1274
01:13:03,479 --> 01:13:05,920
Speaker 1: They walked away with a severance package worth roughly one

1275
01:13:05,960 --> 01:13:08,400
Speaker 1: and a half billion dollars and she's still a license

1276
01:13:09,240 --> 01:13:17,000
Speaker 1: and a licensed certified excuse me, very different. Who's the

1277
01:13:17,080 --> 01:13:20,280
Speaker 1: licensing board for yos? I mean she knows the Dollai

1278
01:13:20,360 --> 01:13:25,720
Speaker 1: Lama she was at his birthday. Yeah, uh massa yo

1279
01:13:25,800 --> 01:13:28,000
Speaker 1: she saw agreed to pump another nine and a half

1280
01:13:28,040 --> 01:13:31,559
Speaker 1: billion dollars until we Work as a rescue package. All

1281
01:13:31,600 --> 01:13:34,800
Speaker 1: talk of exponential growth and world conquest were gone, though

1282
01:13:35,320 --> 01:13:38,639
Speaker 1: We Grow was shuddered suddenly, leaving dozens of wealthy parents

1283
01:13:38,640 --> 01:13:41,639
Speaker 1: with no fancy school to send their children to. Many

1284
01:13:41,680 --> 01:13:45,839
Speaker 1: were presumably forced to go with avert your eyes, gentlemen,

1285
01:13:47,040 --> 01:13:51,160
Speaker 1: public schools, since the best private schools all have long

1286
01:13:51,160 --> 01:13:55,000
Speaker 1: waiting lists. Four thousand employees, one third of we Works workforce,

1287
01:13:55,200 --> 01:13:58,160
Speaker 1: were laid off. More layoffs are likely to come. And

1288
01:13:58,200 --> 01:14:00,680
Speaker 1: that is more or less where things in now and

1289
01:14:00,680 --> 01:14:03,559
Speaker 1: I'm vaporized. More than ten and a half billion dollars,

1290
01:14:03,880 --> 01:14:07,000
Speaker 1: stole another one point five billion dollars, put thousands of

1291
01:14:07,000 --> 01:14:09,679
Speaker 1: people out of jobs, and raise the costs of real

1292
01:14:09,800 --> 01:14:14,040
Speaker 1: estate in cities throughout the globe. Yeah, that's that's a

1293
01:14:14,560 --> 01:14:17,080
Speaker 1: that's a little side effect of this that oh yeah,

1294
01:14:17,680 --> 01:14:23,240
Speaker 1: that gets sort of under recognized. Well, the part where. Yeah,

1295
01:14:24,320 --> 01:14:26,840
Speaker 1: so like even as this collapses, all the people who

1296
01:14:26,840 --> 01:14:29,320
Speaker 1: would have used the space or we're using it before

1297
01:14:30,040 --> 01:14:33,679
Speaker 1: now it might be prohibitive for them before the landlords

1298
01:14:33,680 --> 01:14:36,840
Speaker 1: are going to collapse, which isn't my primary worry. But

1299
01:14:38,240 --> 01:14:45,320
Speaker 1: still compared to him, people who operated reasonably legitimate businesses. Um,

1300
01:14:45,360 --> 01:14:50,000
Speaker 1: it's just a lot of human shrapnel in the wake

1301
01:14:50,040 --> 01:14:51,920
Speaker 1: of this. But he's got a billion and a half dollars.

1302
01:14:52,040 --> 01:14:59,080
Speaker 1: Good for him, No, not no, no bad So, Jordan,

1303
01:14:59,120 --> 01:15:01,240
Speaker 1: I want to tell you about dream I have. It's

1304
01:15:01,240 --> 01:15:04,799
Speaker 1: a dream of a group of people, group of human beings,

1305
01:15:05,960 --> 01:15:10,680
Speaker 1: pushing for the greatest potential, vibrating off of one another, positive, positive,

1306
01:15:10,840 --> 01:15:18,080
Speaker 1: positive vibration. We got machetes, we got machetes. We're all drunk,

1307
01:15:18,560 --> 01:15:22,160
Speaker 1: really drunk, and we're just we're just shoving noumans off

1308
01:15:22,160 --> 01:15:25,400
Speaker 1: the buildings, just right off the top, maybe a cushioner

1309
01:15:25,479 --> 01:15:30,559
Speaker 1: or two. Right now. I have a personal sense of

1310
01:15:30,560 --> 01:15:35,080
Speaker 1: morality that I believe for crewe you'll you'll learn to

1311
01:15:35,120 --> 01:15:38,160
Speaker 1: subsume that to the group. Just let that go for

1312
01:15:38,200 --> 01:15:40,040
Speaker 1: a little one. There you go. I feel like a

1313
01:15:40,120 --> 01:15:43,479
Speaker 1: temporary suspension of morality is fine when now we all

1314
01:15:43,520 --> 01:15:46,000
Speaker 1: got to shave our heads. We live in yurts. These

1315
01:15:46,000 --> 01:15:50,040
Speaker 1: are all key aspects. Do I get to push him myself? Yes?

1316
01:15:50,240 --> 01:15:53,160
Speaker 1: What if? What if I were to tell you you'll

1317
01:15:53,200 --> 01:15:57,479
Speaker 1: get cubicle on Mars? Oh yeah, this ins in Mars?

1318
01:15:57,560 --> 01:16:02,120
Speaker 1: Ye quite questions? Yeah oxygen, no, but you won't need

1319
01:16:02,160 --> 01:16:05,960
Speaker 1: it by the time we get there. Yeah, the kids

1320
01:16:06,040 --> 01:16:11,920
Speaker 1: provide the oxygen. I'll take the deal. So, gentlemen, this

1321
01:16:11,960 --> 01:16:14,679
Speaker 1: is the Adam Neuman story. An asshole who did nothing

1322
01:16:14,720 --> 01:16:18,599
Speaker 1: but scam people. Seems fell apart pretty recently. It seems

1323
01:16:19,040 --> 01:16:21,479
Speaker 1: just within the last couple of weeks. I do like

1324
01:16:21,600 --> 01:16:25,000
Speaker 1: his meteoric rise and fall to only having one point

1325
01:16:25,040 --> 01:16:28,800
Speaker 1: five billion dollars really a tragedy. We should subsidize an

1326
01:16:28,800 --> 01:16:32,600
Speaker 1: extra couple of billion. Yeah. Absolutely, where's Massa Yoshi with

1327
01:16:32,640 --> 01:16:38,000
Speaker 1: that sixteen billion dollars? H Hen I've got something to

1328
01:16:38,040 --> 01:16:41,760
Speaker 1: sell him, and it's called regularly and it's like the

1329
01:16:41,800 --> 01:16:43,759
Speaker 1: Massa Yoshi. The whole reason he has all that money

1330
01:16:43,800 --> 01:16:45,320
Speaker 1: is that he invested a bunch of money in a'll

1331
01:16:45,360 --> 01:16:47,760
Speaker 1: Li Baba back when it was tiny and one of

1332
01:16:47,800 --> 01:16:50,760
Speaker 1: the biggest things ever. But like, clearly he's a dumb

1333
01:16:50,800 --> 01:16:52,600
Speaker 1: guy who got lucky once I'd tell him that to

1334
01:16:52,680 --> 01:16:54,400
Speaker 1: his face, I think you're dumb. I don't think you're

1335
01:16:54,479 --> 01:16:56,760
Speaker 1: very smart. You get taken in by this ship that's

1336
01:16:56,920 --> 01:16:59,840
Speaker 1: crowd fund an opportunity for Robert to tell him to

1337
01:17:02,560 --> 01:17:04,800
Speaker 1: more people need to do that to these people. I

1338
01:17:04,840 --> 01:17:07,880
Speaker 1: watched the documentary recently. I was in UM. I was

1339
01:17:07,880 --> 01:17:11,080
Speaker 1: in Amsterdam, UH and I had an attend an opportunity

1340
01:17:11,120 --> 01:17:14,160
Speaker 1: to attend a movie at the documentary festival that they

1341
01:17:14,160 --> 01:17:16,760
Speaker 1: hold there, and it was a documentary about the World

1342
01:17:16,840 --> 01:17:19,479
Speaker 1: Economic Forum in Davos, and it was the kind of

1343
01:17:19,520 --> 01:17:22,599
Speaker 1: thing where as I was giving it, UM, we found

1344
01:17:22,600 --> 01:17:26,360
Speaker 1: out that like uh, I think Cloud Schwab, the guy

1345
01:17:26,400 --> 01:17:29,519
Speaker 1: who founded it, was like like three rows behind us

1346
01:17:29,520 --> 01:17:30,880
Speaker 1: in the room and stuff, like they did a Q

1347
01:17:30,960 --> 01:17:33,559
Speaker 1: and A with them afterwards. But this documentary, which will

1348
01:17:33,600 --> 01:17:36,400
Speaker 1: be I think out for the general public sooner, is

1349
01:17:36,479 --> 01:17:38,759
Speaker 1: very much worth watching UM. And it's about like behind

1350
01:17:38,760 --> 01:17:40,840
Speaker 1: the scenes at Davos, the first one that's been able

1351
01:17:40,880 --> 01:17:42,759
Speaker 1: to do that. So it's really a lot of interesting stuff,

1352
01:17:42,760 --> 01:17:44,759
Speaker 1: a lot of kind of like you get a feel

1353
01:17:44,800 --> 01:17:49,120
Speaker 1: for these people as human beings and what they actually believe. UM,

1354
01:17:49,160 --> 01:17:52,920
Speaker 1: I mean they are that's the problem. UM So there's

1355
01:17:52,960 --> 01:17:57,280
Speaker 1: a great moment in it where the head of green

1356
01:17:57,360 --> 01:18:02,599
Speaker 1: Peace confronts Gyr bolson Yaro in a in a like

1357
01:18:02,800 --> 01:18:06,800
Speaker 1: a suare sort of thing about ostensibly like she's talking

1358
01:18:06,800 --> 01:18:08,080
Speaker 1: to the whole thing about how she wants to like

1359
01:18:08,160 --> 01:18:10,120
Speaker 1: confront him and these other people with their damage to

1360
01:18:10,160 --> 01:18:12,360
Speaker 1: the climate. And she gets a chance to and she

1361
01:18:12,439 --> 01:18:15,160
Speaker 1: basically says like, well, you know, we're looking at what

1362
01:18:15,160 --> 01:18:18,120
Speaker 1: you're gonna do the Amazon, like everybody's watching, and then

1363
01:18:18,160 --> 01:18:20,439
Speaker 1: walks away and Jerry like clearly doesn't give a ship,

1364
01:18:20,600 --> 01:18:22,479
Speaker 1: like doesn't have the least impact on her, and all

1365
01:18:22,520 --> 01:18:24,240
Speaker 1: of her friends are like, I can't believe how brave

1366
01:18:24,280 --> 01:18:26,160
Speaker 1: you are. You're so brave, you did this great thing,

1367
01:18:26,720 --> 01:18:29,840
Speaker 1: and like that's the fucking problem. Like if you go

1368
01:18:30,080 --> 01:18:31,560
Speaker 1: if you go up to Jai, your bolson Yarrow and

1369
01:18:31,560 --> 01:18:33,360
Speaker 1: you don't have a lining of questioning that's going to

1370
01:18:33,479 --> 01:18:36,960
Speaker 1: make him awkward, bottle him, hit him in the face

1371
01:18:37,000 --> 01:18:40,799
Speaker 1: of the bottle. Nobody does that to these people. Nobody

1372
01:18:40,880 --> 01:18:44,320
Speaker 1: bottles him. Nobody bottle that is true. I will, I

1373
01:18:44,320 --> 01:18:46,559
Speaker 1: will back you up, and that no one does do that.

1374
01:18:48,200 --> 01:18:49,800
Speaker 1: What do y'all, what do y'all? What do y'all think

1375
01:18:49,800 --> 01:18:52,200
Speaker 1: at the end of this, I don't know. It's it's interesting,

1376
01:18:52,400 --> 01:18:55,439
Speaker 1: like I when you whenever you hear a story like

1377
01:18:55,479 --> 01:18:59,000
Speaker 1: this about somebody who like there's a like real like

1378
01:18:59,120 --> 01:19:01,880
Speaker 1: not terrible and he's got a billion dollars although that

1379
01:19:02,000 --> 01:19:05,439
Speaker 1: is terrible, but like whenever there's a big fall, it's

1380
01:19:05,439 --> 01:19:07,960
Speaker 1: just so clear over and over, like there's so many

1381
01:19:08,000 --> 01:19:10,120
Speaker 1: times at which where there should have been like, hey,

1382
01:19:10,240 --> 01:19:14,360
Speaker 1: you said you wanted sucking offices on Mars. You you

1383
01:19:14,479 --> 01:19:17,160
Speaker 1: want to be president of the world. There's like indications

1384
01:19:17,200 --> 01:19:19,360
Speaker 1: along the way they're like someone should have stepped in,

1385
01:19:19,439 --> 01:19:21,360
Speaker 1: and just we have a system that's based on no

1386
01:19:21,400 --> 01:19:25,280
Speaker 1: one ever stepping in. Like as long as the pretense

1387
01:19:25,720 --> 01:19:29,880
Speaker 1: is there in the appearances of um, you know, like

1388
01:19:29,960 --> 01:19:32,560
Speaker 1: this is moving in the right direction, people are profiting

1389
01:19:32,560 --> 01:19:35,840
Speaker 1: off it that then there's no incentive to be like, hey,

1390
01:19:35,960 --> 01:19:39,920
Speaker 1: you seem um like you're acting out here. There's something

1391
01:19:39,920 --> 01:19:44,599
Speaker 1: there's something you're acting out that we should probably deal with.

1392
01:19:45,360 --> 01:19:47,160
Speaker 1: We just let it happen and then it just plays

1393
01:19:47,280 --> 01:19:51,080
Speaker 1: its course and everyone gets hurt. That's how I feel. Anyway,

1394
01:19:51,280 --> 01:19:54,120
Speaker 1: the way I view it is because I'm trying to

1395
01:19:54,520 --> 01:19:58,400
Speaker 1: exist in the present without losing my mind. Um So,

1396
01:19:58,479 --> 01:20:00,599
Speaker 1: the way I view it tends to our like trying

1397
01:20:00,600 --> 01:20:03,400
Speaker 1: to find a historical context to all of this stuff.

1398
01:20:03,600 --> 01:20:07,799
Speaker 1: And these types of lunatic grifters have been around since

1399
01:20:07,840 --> 01:20:12,160
Speaker 1: the fucking beginning. It's only the scale that has gotten larger.

1400
01:20:12,720 --> 01:20:16,400
Speaker 1: So I never know if this shared imaginary idea of

1401
01:20:16,479 --> 01:20:20,040
Speaker 1: forty seven billion dollars which just doesn't exist, it's like

1402
01:20:20,080 --> 01:20:23,280
Speaker 1: it's just an imaginary, it's just fantasy. Yeah, yeah, So

1403
01:20:23,760 --> 01:20:26,720
Speaker 1: it's not like that's too much different from so many

1404
01:20:26,760 --> 01:20:32,080
Speaker 1: you know, like obviously the stock exchange crash, because all

1405
01:20:32,120 --> 01:20:34,880
Speaker 1: of that ship was imaginary. To go back further and

1406
01:20:34,920 --> 01:20:38,280
Speaker 1: you get to so many different times the economy collapsed

1407
01:20:38,280 --> 01:20:41,559
Speaker 1: in London because that was all imaginary too, like all

1408
01:20:41,600 --> 01:20:44,080
Speaker 1: of this ship. And the only thing that's changed though,

1409
01:20:44,160 --> 01:20:47,600
Speaker 1: is that now a company like we Work is influencing

1410
01:20:47,680 --> 01:20:51,960
Speaker 1: some dumb guy who invested in Ali Baba along with NBS,

1411
01:20:52,040 --> 01:20:55,280
Speaker 1: and now he's given power to help solve the Middle

1412
01:20:55,320 --> 01:20:58,160
Speaker 1: East peace. Price seems qualified, you know, like it used

1413
01:20:58,200 --> 01:21:02,040
Speaker 1: to be contential guy just sucked up the people in

1414
01:21:02,080 --> 01:21:06,360
Speaker 1: the financial world died, not like sucking the entirety of

1415
01:21:06,760 --> 01:21:08,720
Speaker 1: this part of the problem. With our system is that

1416
01:21:08,760 --> 01:21:11,360
Speaker 1: if you're good at one thing and that one thing

1417
01:21:11,479 --> 01:21:14,639
Speaker 1: allows you to make money, then we decide you're good

1418
01:21:14,640 --> 01:21:17,400
Speaker 1: at everything, because money is really the only thing that matters.

1419
01:21:17,400 --> 01:21:21,000
Speaker 1: So you get to control healthcare, you get to control

1420
01:21:21,080 --> 01:21:24,320
Speaker 1: foreign policy, you get to pick where the army guys go.

1421
01:21:24,600 --> 01:21:26,600
Speaker 1: I mean, how different is it like the idea that

1422
01:21:26,640 --> 01:21:29,679
Speaker 1: this guy is having conversations about foreign policy? How different

1423
01:21:29,720 --> 01:21:32,919
Speaker 1: is it? Then Trump was a landlord and is now president.

1424
01:21:32,960 --> 01:21:35,240
Speaker 1: How how different is it than a king? Yeah, this

1425
01:21:35,360 --> 01:21:38,000
Speaker 1: guy's parents were the king, so now he's in charge

1426
01:21:38,000 --> 01:21:40,599
Speaker 1: of the army. Yeah. And what was the original reality

1427
01:21:40,600 --> 01:21:44,120
Speaker 1: show but the Royalty. It's smarter than the monarchy, but

1428
01:21:44,160 --> 01:21:48,080
Speaker 1: not a lot. The original reality show might have been Royalty.

1429
01:21:48,240 --> 01:21:50,479
Speaker 1: But the one that will change the game is you

1430
01:21:50,640 --> 01:21:53,680
Speaker 1: getting tricked by every cult leader and really want to

1431
01:21:53,800 --> 01:21:56,400
Speaker 1: That would be a great I want to find out

1432
01:21:56,680 --> 01:21:59,160
Speaker 1: it's one of those like I want to against the best,

1433
01:21:59,200 --> 01:22:01,719
Speaker 1: would fail every Yes, that's the problem. You just need

1434
01:22:01,720 --> 01:22:04,840
Speaker 1: to reduce those people. I want to enter the pushing

1435
01:22:04,880 --> 01:22:08,040
Speaker 1: them off a building. Okay, here's here's my new pitch. Right, Okay,

1436
01:22:08,240 --> 01:22:11,280
Speaker 1: if I don't get taken in by the cult, later

1437
01:22:11,760 --> 01:22:14,160
Speaker 1: I get all of their money and power. Let's raise

1438
01:22:14,240 --> 01:22:16,920
Speaker 1: the stakes for both of us. You can't have their

1439
01:22:16,960 --> 01:22:23,560
Speaker 1: power because you're constitutionally incapable from doing the emotional equivalent

1440
01:22:23,560 --> 01:22:26,519
Speaker 1: of raping people, which is what cult leaders do. And

1441
01:22:26,600 --> 01:22:30,760
Speaker 1: their money isn't real. Yeah, sometimes it is. Sometimes it

1442
01:22:30,880 --> 01:22:36,719
Speaker 1: is Hubbard's that ship, it's my motherfucker had real lucra.

1443
01:22:38,360 --> 01:22:40,479
Speaker 1: He owed it all to somebody else. He just kept it,

1444
01:22:40,960 --> 01:22:45,800
Speaker 1: didn't tricked them into giving him stack. None of these

1445
01:22:45,800 --> 01:22:50,560
Speaker 1: guys are as good as lr H. He's success the

1446
01:22:50,840 --> 01:22:57,800
Speaker 1: ones on what was it Operation White White Snow White.

1447
01:22:58,160 --> 01:22:59,599
Speaker 1: I was more a fan of the time he made

1448
01:22:59,600 --> 01:23:04,000
Speaker 1: his own at Navy Retinue. God, I love l Ron Hubbard.

1449
01:23:05,280 --> 01:23:10,280
Speaker 1: You can't not love the guy to the Admiral Andy

1450
01:23:10,360 --> 01:23:13,000
Speaker 1: Daly is l Ron Hubbard nol Ron Hubbard should burn

1451
01:23:13,000 --> 01:23:18,360
Speaker 1: in hell twice. We're gonna end this episode ignoring Jordan's

1452
01:23:18,360 --> 01:23:22,120
Speaker 1: statement with a statement of our undying love to l

1453
01:23:22,200 --> 01:23:27,680
Speaker 1: Ron Hubbard and uh some plugs. We we do a

1454
01:23:27,720 --> 01:23:31,320
Speaker 1: podcast called Knowledge Fight about Jux Jones. We put out

1455
01:23:31,360 --> 01:23:35,200
Speaker 1: too much content. People can find it by googling, uh

1456
01:23:35,280 --> 01:23:37,479
Speaker 1: knowledge Fight dot com or website, and you know we're

1457
01:23:37,479 --> 01:23:42,160
Speaker 1: on iTunes and all that stuff on Twitter at Knowledge, Underscore,

1458
01:23:42,240 --> 01:23:47,679
Speaker 1: Fight and I am Jordan's um a comedian. Uh Still,

1459
01:23:48,160 --> 01:23:52,320
Speaker 1: technically speaking, I am not busy, so go ahead and

1460
01:23:52,439 --> 01:23:55,880
Speaker 1: book go to bed. Jordan is available for any dates

1461
01:23:55,920 --> 01:23:59,519
Speaker 1: in g no Mo absolutely. Gnome is high on my list.

1462
01:23:59,720 --> 01:24:07,719
Speaker 1: I will will also do corporate gigs exclusively only only only. Okay,

1463
01:24:07,720 --> 01:24:10,640
Speaker 1: well then I will work for we work for. I

1464
01:24:10,640 --> 01:24:14,280
Speaker 1: guess twice the cost of a normal comedian. We riff,

1465
01:24:14,720 --> 01:24:16,400
Speaker 1: but you gotta send him up. You got to send

1466
01:24:16,439 --> 01:24:22,200
Speaker 1: him up double economy class. That's twice his economy. Thanks

1467
01:24:22,240 --> 01:24:23,880
Speaker 1: for having there has been a lot of fun. Yeah,

1468
01:24:23,920 --> 01:24:25,880
Speaker 1: that has been fantastic and it's a pleasure to meet

1469
01:24:25,920 --> 01:24:29,240
Speaker 1: you in in real life human person. Well, thanks for

1470
01:24:29,280 --> 01:24:31,920
Speaker 1: inviting me to your wonderful city. Chicago, the city that

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01:24:32,040 --> 01:24:36,960
Speaker 1: sleeps occasionally never is often awake, slightly broad shoulders, but

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01:24:37,000 --> 01:24:40,240
Speaker 1: not very the city of angels that is regularly awake

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01:24:40,320 --> 01:24:43,599
Speaker 1: but often asleep, with broad shoulders, and also an apple

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01:24:43,680 --> 01:24:47,040
Speaker 1: that is large and windy. The city of grandfathered in

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01:24:47,200 --> 01:24:49,360
Speaker 1: four am bars. I feel like it's what we should

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01:24:49,360 --> 01:24:52,720
Speaker 1: be known as. Ye, that's a good nick. That's true here. Huh,

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01:24:53,000 --> 01:24:57,679
Speaker 1: there's grandfathers. It completely changed my opinion of your city

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01:24:57,800 --> 01:24:59,720
Speaker 1: based on that knowledge, and I was going to just

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01:24:59,720 --> 01:25:02,360
Speaker 1: sl under it for years out. But now that I

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01:25:02,439 --> 01:25:06,240
Speaker 1: know that, um now there's a bar near my place

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01:25:06,400 --> 01:25:10,080
Speaker 1: that is apparently so old they open at nine am.

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01:25:10,120 --> 01:25:13,760
Speaker 1: It's against the law to sell alcohol before eleven. But

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01:25:13,840 --> 01:25:16,479
Speaker 1: if you've just been around long enough, all bets are

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01:25:16,479 --> 01:25:30,439
Speaker 1: off beat space every Oh well, I'm Robert Evans. This

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01:25:30,479 --> 01:25:35,000
Speaker 1: has been behind the Bastards, behind the Bastards dot com sources,

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01:25:35,280 --> 01:25:40,800
Speaker 1: Bastards pod, Twitter, Instagram, I'm on Instagram and dad, I right, Okay,

1487
01:25:41,360 --> 01:25:44,559
Speaker 1: continue listening to this podcast. Listen to Knowledge Fight. It's

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01:25:44,600 --> 01:25:48,639
Speaker 1: what I listened to when I'm at the gym, when

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01:25:48,640 --> 01:25:57,880
Speaker 1: I'm driving, when I'm masturbating shamefully in someone else's kitchen. Yeah,

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01:25:57,960 --> 01:26:02,640
Speaker 1: Knowledge Fight the podcast for all those moments. That's what

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01:26:02,800 --> 01:26:05,519
Speaker 1: we set out to be. So there's t shirts on

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01:26:05,560 --> 01:26:10,840
Speaker 1: t public for my show and coming soon. I forgot

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01:26:10,840 --> 01:26:12,280
Speaker 1: what the T shirt was. I think you're going to

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01:26:12,360 --> 01:26:15,080
Speaker 1: make a mastur patent John College Fight. If you accidentally

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01:26:15,080 --> 01:26:25,360
Speaker 1: catch yourself in the mirror, don't look Bye.