WEBVTT - Part Two: The Idiot Who Made, And Destroyed, WeWork

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<v Speaker 1>What still in Chicago met me. This is the part

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<v Speaker 1>two of our episode on Adam Annointment and We Work.

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<v Speaker 1>I'm Robert Evans, hosted Behind the Bastards podcast Bad People

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<v Speaker 1>Talk About Them Introduced poorly. My guests in part two,

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<v Speaker 1>as with part one, are Dan Jordan's. I pointed at

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<v Speaker 1>the wrong ones of you don't worry about it, but

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<v Speaker 1>I know which ones you are? Should I do the bit?

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<v Speaker 1>Robert what? Robert what? I don't understand the bit. It's

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<v Speaker 1>the beginning, it's the opening bit. Never mind, okay, Jordan?

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<v Speaker 1>Right where you asking? Where you ask a question you

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<v Speaker 1>can ask would be interesting a question in their podcast.

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<v Speaker 1>I have planned several questions in the podcast Robert, do

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<v Speaker 1>you like music? Yeah? In the podcast that these two

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<v Speaker 1>do where they talk a little bit about Alex Jones. Uh.

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<v Speaker 1>Jordan's who normally is the person who comes in cold,

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<v Speaker 1>asks Dan a question at the start, and I guess yeah,

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<v Speaker 1>because you hit me hit me up with a question. Oh,

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<v Speaker 1>let's see, Robert, have any experience with roller coasters? What's um?

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<v Speaker 1>I've only ever loved one roller coaster, Jordan's and it

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<v Speaker 1>wasn't a roller coaster, Um, it was a It was

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<v Speaker 1>a it was a virtual reality sort of experience, and

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<v Speaker 1>six Flags over Texas US a little bit, a little bit,

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<v Speaker 1>you were like a like an F sixteen pilot breaking

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<v Speaker 1>the sound barrier. It was very cool. Not really a

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<v Speaker 1>roller coaster. I don't really like roller coasters. I've been

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<v Speaker 1>on a number of them. It's fine, it's just not

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<v Speaker 1>my thing. Um but but I liked that ride and

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<v Speaker 1>then six Flags took it away from you. Specific one day,

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<v Speaker 1>One day I will take vengeance. Okay, that is that

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<v Speaker 1>is I want to clarify that is absolutely a terroristic

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<v Speaker 1>One day they're gonna wake up and it's only gonna

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<v Speaker 1>be five flat not damn it. Yeah, I'm gonna take

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<v Speaker 1>at least I'm gonna take at least eight of those flags.

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<v Speaker 1>I don't know how to do that percentage. It's hard

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<v Speaker 1>with the ballpark. And my answer is I liked that one.

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<v Speaker 1>Mr Toad's Wild Ride thing that wind in the willows,

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<v Speaker 1>that is that gets drunk and the bar Rabbit one run.

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<v Speaker 1>I love that one before and then in a different

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<v Speaker 1>way after I realized how racist there was. Yeah, yeah, yeah, yeah,

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<v Speaker 1>it was a real Before it was just like, this

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<v Speaker 1>is a fun ride. I'm seven and after it was like, really, really,

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<v Speaker 1>still it is two thousand and four. That's that's Splash Mountain, right,

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<v Speaker 1>isn't it that that's the one that has the bray

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<v Speaker 1>rabbit and because I think at the end of it

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<v Speaker 1>you go over the waterfall and it killed that guy. Yeah,

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<v Speaker 1>I think so, and that there's so much to unpack

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<v Speaker 1>about Splash Mountain. I mean it has that Song of

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<v Speaker 1>the South can action to it. There's also like a

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<v Speaker 1>tradition of people flashing on the way down, like for kids,

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<v Speaker 1>there's a lot. There's a lot going on with a

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<v Speaker 1>very complicated Disney parks in general. My favorite was You

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<v Speaker 1>Go Up, and my favorite the velveteen dream Wrestler Fantasty.

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<v Speaker 1>They should have a velveteen Rabbit ride where they just

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<v Speaker 1>take something the children love individually and destroy it in

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<v Speaker 1>front of less of a ride and more of child abuse.

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<v Speaker 1>But yeah, if it were Adam, it would be a

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<v Speaker 1>bottle of tequila. Yes, thank you for bringing it back

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<v Speaker 1>to Adam Noyman. Great transition, very smooth. So we ended

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<v Speaker 1>the last episode with with we work nearing its height

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<v Speaker 1>until seventeen with a lot of money just gets this

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<v Speaker 1>in flush four point four billion dollars fucking cash, which

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<v Speaker 1>they used to make Adam's dumbest dreams come true. Dizzy

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<v Speaker 1>double back to the baby clothes in a way. Now

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<v Speaker 1>to the KKK crawlers, it did advocate. Now, before we

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<v Speaker 1>get into all that what he did with all this

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<v Speaker 1>VC money, I want to start this episode. I'm talking

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<v Speaker 1>a little bit about cults some more. Now. We Work

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<v Speaker 1>has been described by a number of former employees as

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<v Speaker 1>quote like Annoyment has been described as a cult leader.

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<v Speaker 1>Former employees often call his personal charisma almost intoxicating. One

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<v Speaker 1>former executive said, if you had to go to war,

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<v Speaker 1>you wanted him to be your general. Another recalled his

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<v Speaker 1>sense of himself is beyond human. When you're in a

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<v Speaker 1>room with Adam, he can almost convince you of anything.

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<v Speaker 1>There are certainly Colt like tactics at use and we Work.

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<v Speaker 1>Colts endeavored to separate their members from the wider world

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<v Speaker 1>and the friends and family they have outside the cult,

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<v Speaker 1>and you could argue that things like thank God it's

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<v Speaker 1>Monday and mandatory after ours fun events fulfill that role.

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<v Speaker 1>They also rely unconsciousness alteration directs. This is all stuff

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<v Speaker 1>we've talked about keeping people tired exhausted, fucked up, And

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<v Speaker 1>of course the fact that I I will note in

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<v Speaker 1>a point of fairness that the fact that Ada himself

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<v Speaker 1>was often one of the drunkest people in the company

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<v Speaker 1>makes this a little bit less manipulative. It's sort of

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<v Speaker 1>like he kind of just digs that stuff. Yeah, it

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<v Speaker 1>would be a much clearer red flag if he was

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<v Speaker 1>not drinking and handing out alcohol. Yeah yeah, that that

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<v Speaker 1>would be that would be deliberately drugging his employees. Yeah. Yeah,

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<v Speaker 1>So it's more complicated than just he's a cult leader,

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<v Speaker 1>but he uses a lot of those tactics um clearly,

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<v Speaker 1>maybe just sort of you get the feeling with him

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<v Speaker 1>that it's a lot of it's not as much intentional

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<v Speaker 1>as it is like instinctive um, which I guess is

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<v Speaker 1>how we get our first cult. Some people just know

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<v Speaker 1>how to do that. Know, my family was in a

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<v Speaker 1>cult whenever I was born, so I know all of

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<v Speaker 1>the tricks and all of the ways that you get

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<v Speaker 1>kind of accidentally swept up in all of that ship

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<v Speaker 1>and then next thing you know, everybody's wearing the same

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<v Speaker 1>clothes dancing around a fire to journey. Yeah, tragic, that's

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<v Speaker 1>the just the drain everybody's circles. Although people should consider

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<v Speaker 1>joining the cult that I'm gonna start where you go

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<v Speaker 1>give me the elevator pitch. We're people to talk in elevator.

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<v Speaker 1>I mean it's it's a mix of people gifting me

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<v Speaker 1>with large amounts of machetes, getting really high and shoving

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<v Speaker 1>Adam Noyman off of buildings. It's gonna be a good Colt. Oh,

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<v Speaker 1>I was just I was just cont there's a there's

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<v Speaker 1>a shelf life to this thing. Is there's one Adam

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<v Speaker 1>Noyman there is? There is the great thing about shoving

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<v Speaker 1>people off of building says there's always more people in

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<v Speaker 1>more buildings. That's true. Or if you can just keep shoving,

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<v Speaker 1>which is our motto, just keep you, just keep shoving.

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<v Speaker 1>They're going to this Adam we work situation. Maybe we haven't,

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<v Speaker 1>like actual time hasn't really hit that point at so

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<v Speaker 1>I can't say now if we're going to compare it,

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<v Speaker 1>now him into a cult leader and we worked to

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<v Speaker 1>a cult Keith renieris Nexium. Colt might be the best

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<v Speaker 1>one to reference Listeners to Part three of our series

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<v Speaker 1>on Keith Ranieri and Nexium. What recalled that he hosted

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<v Speaker 1>a yearly event called Vanguard Week, where followers from all

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<v Speaker 1>over the globe would fly in to celebrate Keith's birthday.

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<v Speaker 1>In the same vein, we Work had Summer Camp, an

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<v Speaker 1>annual event where employees would gather, celebrate, and network. Here's

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<v Speaker 1>The New York Times talking about this fun Setadays. All

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<v Speaker 1>kinds of activities were offered, yoga acts, throwing leaf printing,

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<v Speaker 1>a drum circle, along with entertainment by an expensive array

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<v Speaker 1>of visiting performers. The chain Smokers once played and received

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<v Speaker 1>we Work stock as part of their fee, while the

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<v Speaker 1>weekend was flown in from Toronto by helicopter. Tenacious We

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<v Speaker 1>an employee band, has also performed sounds insufferable. That's terrible.

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<v Speaker 1>I don't even want to see the real version. It

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<v Speaker 1>was just so much everything. One former executive said, alcohol, drugs.

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<v Speaker 1>There was not a lot of food. That was the

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<v Speaker 1>only thing. There wasn't a lot of anything that would

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<v Speaker 1>bulwark you against against the alcohol day drugs. Yeah, I'm

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<v Speaker 1>super high already, but I'm very hungry. I'm gonna eat

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<v Speaker 1>all of these mushrooms. Yeah, just for some that has

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<v Speaker 1>happened to me once and I It's not a great food. No,

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<v Speaker 1>nor is it a great idea? As you were describing

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<v Speaker 1>that festival, I did point at you very aggressively because

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<v Speaker 1>they kind of almost swung you with the ex throwing,

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<v Speaker 1>didn't they look my My cult would indeed center around

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<v Speaker 1>lots of drugs, throwing axes, dancing around fires the weekend.

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<v Speaker 1>Well that song often actually I do, I do, but

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<v Speaker 1>like but that's all sounds suspiciously like the great outdoor games. No, no, no, no,

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<v Speaker 1>there's no I feel like I feel like adding an

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<v Speaker 1>element of competition to throwing sharp objects at inert things

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<v Speaker 1>cheapens it. You just you just throwing axes and knives

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<v Speaker 1>for the joy of throwing sharp things at wooden thing,

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<v Speaker 1>the purity of the exact exactly now. Summer camp included

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<v Speaker 1>educational interludes like speeches from quantum physicist Michael Brooks, alongside

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<v Speaker 1>beer pong and dancing to electronic music. And in the

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<v Speaker 1>midst of these days long buccan oals two employees plagued

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<v Speaker 1>with drugs, limitless alcohol, little food, and less sleep. Adam

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<v Speaker 1>no Himan would preach his gospel. In a two thou

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<v Speaker 1>thirteen summer camp. He took to the stage to say,

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<v Speaker 1>I think the thing that all of us know is

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<v Speaker 1>that if you want to succeed in this world, you

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<v Speaker 1>have to build something that has intention. Every one of

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<v Speaker 1>us is here because it has meaning, because we want

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<v Speaker 1>to do something that actually makes the world a better place,

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<v Speaker 1>and we want to make money doing it. The crowd

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<v Speaker 1>reportedly broke into wild cheers at this. One former senior

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<v Speaker 1>executive who was there later recalled, so many of the

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<v Speaker 1>people were young and had never worked in a real company.

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<v Speaker 1>They bought all of it. I realized after I got

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<v Speaker 1>there it was a cult now. Summer Camp started as

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<v Speaker 1>an event on the land of some of no Himan's friends,

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<v Speaker 1>but in two thousand seven teen moved to the English

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<v Speaker 1>country side. Using some of the billions of new money

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<v Speaker 1>pumped into via soft banks four point four billion dollar infusion,

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<v Speaker 1>they flew employees in from all around the world. Attendees

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<v Speaker 1>reported that they were allowed to walk up to the

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<v Speaker 1>bar and ask for multiple entire bottles of wine at once.

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<v Speaker 1>People played Edward forty hands with fancy bottles of rose,

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<v Speaker 1>which is what I would do. Yeah, that part sounds great. Yeah,

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<v Speaker 1>that's when you realize the liquor is free and expensive

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<v Speaker 1>and they'll just hand you bottles that's what you do.

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<v Speaker 1>Have you ever done that? Hands? Yeah? The worst thing

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<v Speaker 1>I've done in fucking Lubyana Slavinia was you can buy

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<v Speaker 1>two liters of wine in a gigantic juice box for

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<v Speaker 1>about a dollar and a half um, and you mix

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<v Speaker 1>it with equal parts pepsi, and it is the worst idea.

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<v Speaker 1>Do you duct tape those to your hands? I know,

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<v Speaker 1>we just drank um. I blacked out, throwing an empty

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<v Speaker 1>bottle on top of the stranger's roof, and I came

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<v Speaker 1>to alone without any of my friends near me, receiving

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<v Speaker 1>a falafel from somebody having already paid with my phone,

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<v Speaker 1>gone nine in the morning, like eight hours later, just

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<v Speaker 1>the first time, only time that's ever happened. We're just like,

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<v Speaker 1>I black out and I come back in the middle

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<v Speaker 1>of a transaction. Yeah, I had no I was alone,

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<v Speaker 1>but I had lost the friendship content I I did

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<v Speaker 1>that once. I taped duct tape forties to my hands wine. Yeah,

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<v Speaker 1>it's terrible. It's terrible because you eventually have to bee. Yeah,

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<v Speaker 1>it's steel reserve. Isn't something anyone should drink two of? Yeah,

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<v Speaker 1>that's definitely true. Yeah, me and my buddy has also

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<v Speaker 1>had a thing we did called freedom forties. That was

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<v Speaker 1>you have to chugle forty and nine minutes and eleven

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<v Speaker 1>seconds for else the terrorists win. It's just shockingly hard

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<v Speaker 1>to do because forties are ghastly. Yeah, it's really the

0:11:58.480 --> 0:12:03.640
<v Speaker 1>best way to forget now. One employee later told The

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<v Speaker 1>New York Times that she realized it was time to

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<v Speaker 1>quit we work when she woke up in a t

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<v Speaker 1>p at summer camp to find one of her colleagues

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<v Speaker 1>outside pissing on her tent. That employee later told New

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<v Speaker 1>York Magazine talked to any community manager unto twenty four

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<v Speaker 1>and it's the greatest weekend of your life. But I

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<v Speaker 1>am not here to get paid on now. I'm gonna

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<v Speaker 1>quote one more time from that New York Magazine article

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<v Speaker 1>discussing the two thousand eighteen Summer Camp, which spoilers would

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<v Speaker 1>prove to be the last one At last year's event,

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<v Speaker 1>According to Report and Property magazine, a British real estate publication,

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<v Speaker 1>Norman sat on stage next to his wife and McKelvey

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<v Speaker 1>as the crowd, saying O leo, leo, le we were

0:12:40.040 --> 0:12:43.080
<v Speaker 1>employee from India started chanting let's go, we work, Let's

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<v Speaker 1>go while another from California screamed, you're changing the world, Adam.

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<v Speaker 1>We love you. Augusto Contreras, we were employee from Mexico City,

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<v Speaker 1>proposed to his girlfriend next to a dodgeball tournament. I

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<v Speaker 1>felt like I was surrounded by my extended family. He

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<v Speaker 1>told the company blog. He had been at we work

0:12:58.640 --> 0:13:03.360
<v Speaker 1>for seven months, so they find the people who are

0:13:03.440 --> 0:13:07.600
<v Speaker 1>vulnerable to this, and they're very vulnerable to When you

0:13:07.800 --> 0:13:09.640
<v Speaker 1>said that it was the last one. I expected that

0:13:09.720 --> 0:13:13.280
<v Speaker 1>story to be something like really tragic or like fire festivally,

0:13:13.480 --> 0:13:17.400
<v Speaker 1>but just it was just like performed there. Though you're

0:13:17.440 --> 0:13:21.680
<v Speaker 1>sucking in people who need what this pretends to provide,

0:13:21.840 --> 0:13:24.760
<v Speaker 1>it doesn't really provide it. But that's coming later now.

0:13:25.360 --> 0:13:27.720
<v Speaker 1>That Fast Company article I've quoted from a couple of

0:13:27.720 --> 0:13:30.680
<v Speaker 1>times in this episode was released in two thousand sixteen,

0:13:30.679 --> 0:13:33.000
<v Speaker 1>and it provides even more detail on the profoundly culti

0:13:33.120 --> 0:13:36.560
<v Speaker 1>way that Adam presented himself at company events. Quote. A

0:13:36.600 --> 0:13:39.600
<v Speaker 1>beatles course bounces off the bear concrete walls of what

0:13:39.640 --> 0:13:43.400
<v Speaker 1>was once JP Morgan's headquarters come together right now, the

0:13:43.520 --> 0:13:46.880
<v Speaker 1>nearly thousand chattering. We were employees who filled the event space,

0:13:46.960 --> 0:13:49.960
<v Speaker 1>look towards the stage expecting CEO Adam Neuman to appear

0:13:50.000 --> 0:13:52.720
<v Speaker 1>from the wings at any second. Instead, he sprints down

0:13:52.760 --> 0:13:55.640
<v Speaker 1>the center aisle and giddy conversations evolve into a cheer.

0:13:56.000 --> 0:14:00.000
<v Speaker 1>When John Lennon trills over me, Norman leaps onto the stage,

0:14:00.040 --> 0:14:02.520
<v Speaker 1>sticking the landing. This is the way this guy is

0:14:02.559 --> 0:14:05.319
<v Speaker 1>presenting himself to his employees, and it kind of seems

0:14:05.320 --> 0:14:07.559
<v Speaker 1>like a lot of made it up. Yeah, well has

0:14:07.600 --> 0:14:10.960
<v Speaker 1>already come out. Yeah yeah, they should know better, they

0:14:11.000 --> 0:14:15.640
<v Speaker 1>should know, but people never learned about this. I mean,

0:14:16.120 --> 0:14:18.080
<v Speaker 1>World War two came out and we all know what

0:14:18.160 --> 0:14:24.440
<v Speaker 1>happened in two thousand sixteen. So have you have you

0:14:24.480 --> 0:14:28.080
<v Speaker 1>ever watched like the presentations that like MLM is like

0:14:28.080 --> 0:14:32.160
<v Speaker 1>the multiple market, Yeah, this is exactly similar. I've watched

0:14:32.160 --> 0:14:35.760
<v Speaker 1>a number of those, like those seminars and the gatherings

0:14:35.800 --> 0:14:38.920
<v Speaker 1>that they do, and that has all of those those

0:14:39.280 --> 0:14:43.080
<v Speaker 1>signs I I wanna know. I try to repeat frequently

0:14:43.640 --> 0:14:46.040
<v Speaker 1>that I think everybody has a kind of grift that

0:14:46.080 --> 0:14:48.480
<v Speaker 1>they're vulnerable to, no matter how smart, because there has

0:14:48.480 --> 0:14:50.760
<v Speaker 1>nothing to do with intelligence. It's it has everything to

0:14:50.760 --> 0:14:53.760
<v Speaker 1>do with the fact that everybody has needs, and particularly

0:14:53.760 --> 0:14:55.960
<v Speaker 1>secret needs that even they don't know how to voice

0:14:55.960 --> 0:14:58.240
<v Speaker 1>a lot of the time. And if someone other than you,

0:14:59.200 --> 0:15:02.640
<v Speaker 1>particularly predators, what they're good at is seeing things and

0:15:02.720 --> 0:15:05.640
<v Speaker 1>others that they don't see in themselves but that are present.

0:15:06.200 --> 0:15:09.920
<v Speaker 1>If they're able to pick that out, they'll get you. Um.

0:15:09.960 --> 0:15:12.200
<v Speaker 1>It doesn't matter how smart and well read you are,

0:15:12.280 --> 0:15:14.840
<v Speaker 1>they'll get you. Um. We all have a thing. And

0:15:15.000 --> 0:15:18.440
<v Speaker 1>Adam found a group of people who I think we're

0:15:18.520 --> 0:15:21.400
<v Speaker 1>raised on stories like Apples. You know the history of

0:15:21.440 --> 0:15:24.240
<v Speaker 1>the Apple core, Google, these companies that like change the

0:15:24.280 --> 0:15:27.960
<v Speaker 1>world and had these like grand visions and like these

0:15:28.000 --> 0:15:33.120
<v Speaker 1>in the legendary leaders. Um, and everybody got super fucking

0:15:33.200 --> 0:15:36.720
<v Speaker 1>rich too. And Adam knew how to create the feeling

0:15:36.720 --> 0:15:39.360
<v Speaker 1>that that's what was going on here. It wasn't it's

0:15:39.440 --> 0:15:43.560
<v Speaker 1>just leasing office space. It wasn't literally like Google that

0:15:43.560 --> 0:15:46.359
<v Speaker 1>that is like a revolution. We organized the world's information

0:15:46.920 --> 0:15:50.280
<v Speaker 1>Apple We changed the fundamentally the way that daily life

0:15:50.280 --> 0:15:53.760
<v Speaker 1>exists for billions of people. Those are companies where you

0:15:53.800 --> 0:15:56.360
<v Speaker 1>really can't oversell, at least the impact of what's happening.

0:15:56.560 --> 0:15:59.160
<v Speaker 1>These people are leasing office space. But he may not

0:15:59.360 --> 0:16:02.200
<v Speaker 1>feel like that. Yeah, but there's kids that that's part

0:16:02.240 --> 0:16:04.960
<v Speaker 1>of why it is. It is like He watched that

0:16:05.800 --> 0:16:10.600
<v Speaker 1>Apple commercial where the hammer is thrown into the giant

0:16:10.800 --> 0:16:13.320
<v Speaker 1>screen and all the all the drones are there, and

0:16:13.360 --> 0:16:15.720
<v Speaker 1>he was like, what if I made all those drones.

0:16:15.880 --> 0:16:19.000
<v Speaker 1>Those guys were super cool. Yeah, that seems like that's

0:16:19.040 --> 0:16:20.520
<v Speaker 1>the thing I want to do. I want to throw

0:16:20.560 --> 0:16:23.120
<v Speaker 1>a hammer and ship that'll whether there. Everything will fall.

0:16:23.240 --> 0:16:25.600
<v Speaker 1>Then it's really terrible. It's hard for me not to

0:16:25.640 --> 0:16:28.320
<v Speaker 1>think that, like, none of this would be possible without booze.

0:16:28.520 --> 0:16:32.320
<v Speaker 1>Like it's like, there's it's not for nothing that alcohol

0:16:32.400 --> 0:16:34.480
<v Speaker 1>is in every story you made about we were It

0:16:34.600 --> 0:16:37.400
<v Speaker 1>really seems very be inflated. The only way to have

0:16:37.480 --> 0:16:41.120
<v Speaker 1>achieved the inflated sense of self confidence that was clearly

0:16:41.120 --> 0:16:43.200
<v Speaker 1>a major aspect of this would have been to give

0:16:43.240 --> 0:16:45.840
<v Speaker 1>everyone free guns, which is how my cult's gonna work.

0:16:46.600 --> 0:16:49.840
<v Speaker 1>I thought it was machetes and don't do it enough. Man,

0:16:50.160 --> 0:16:52.440
<v Speaker 1>It's really it's got to be an a K forty seven.

0:16:52.520 --> 0:16:54.720
<v Speaker 1>I understand now. That makes you feel like a revolutionary,

0:16:54.800 --> 0:16:57.040
<v Speaker 1>like holding a calash. That's what I hear. And then

0:16:57.040 --> 0:16:59.080
<v Speaker 1>we're going to shove people off the buildings. I don't

0:16:59.080 --> 0:17:02.640
<v Speaker 1>know him in at first, but to the bullets. They

0:17:02.680 --> 0:17:05.440
<v Speaker 1>have to each according to the bullets they deserve. That

0:17:06.960 --> 0:17:11.640
<v Speaker 1>really good, Like I should also abstain from this bit.

0:17:14.160 --> 0:17:21.159
<v Speaker 1>And here's our special third guest, FBI agent Chicago is

0:17:21.400 --> 0:17:24.199
<v Speaker 1>actually a lot more than one of you. Okay, right now.

0:17:24.280 --> 0:17:29.520
<v Speaker 1>The entire Department of Alcohol, Tobacco and Firearms m not

0:17:29.600 --> 0:17:34.560
<v Speaker 1>fans now. And they have deep dish pizza. I refuse

0:17:34.680 --> 0:17:38.000
<v Speaker 1>to try it. That's fine, Yeah, don't worry about it.

0:17:38.119 --> 0:17:41.160
<v Speaker 1>Every everyone I know from Chicago has said that it's

0:17:41.200 --> 0:17:47.240
<v Speaker 1>fine from Chicago, like, oh, you gotta try to do yeah, yeah, yeah.

0:17:47.240 --> 0:17:50.760
<v Speaker 1>Now it's like Cali Max as good as Tech Max.

0:17:51.359 --> 0:17:54.000
<v Speaker 1>Let's say it lived in both fair enough, not nearly

0:17:54.000 --> 0:17:59.919
<v Speaker 1>as good. Pizza fight, you know, speaking of dog fight,

0:18:00.040 --> 0:18:06.840
<v Speaker 1>it's not speaking of dog fights. Um, speaking of dog fights,

0:18:07.119 --> 0:18:10.160
<v Speaker 1>you know who would never train dogs to fight that

0:18:11.800 --> 0:18:13.960
<v Speaker 1>at one point, at one point you probably would assume

0:18:13.960 --> 0:18:18.080
<v Speaker 1>he wouldn't when he was five, And like a five

0:18:18.160 --> 0:18:24.280
<v Speaker 1>year old Michael Vick, someone who is incapable of hosting

0:18:24.359 --> 0:18:32.600
<v Speaker 1>dog fights is the sponsors of this show, Silky, one

0:18:32.640 --> 0:18:35.760
<v Speaker 1>of the better a transitions on this series. Off we go,

0:18:41.960 --> 0:18:45.320
<v Speaker 1>We're back. Ah. What I loved about those products and

0:18:45.320 --> 0:18:47.679
<v Speaker 1>services was that none of them were for dog fights.

0:18:48.040 --> 0:18:52.159
<v Speaker 1>That's true. That's true. Sometimes you just can't abandon the

0:18:52.200 --> 0:18:55.240
<v Speaker 1>dogfight when you should. It's no, it's hard to it's

0:18:55.240 --> 0:18:57.680
<v Speaker 1>hard to abandon the dog. But it's also rare these

0:18:57.720 --> 0:18:59.600
<v Speaker 1>days for me to guess on a podcast that isn't

0:18:59.640 --> 0:19:02.960
<v Speaker 1>sponsor a via dog fighting. It is. Well, and you know,

0:19:03.000 --> 0:19:06.280
<v Speaker 1>I just should say, if you use the promo code bastards,

0:19:08.080 --> 0:19:12.280
<v Speaker 1>you get access to the twenty four hour streaming dog fights,

0:19:12.400 --> 0:19:15.720
<v Speaker 1>all the best dog fights we got chihuahuas, and all

0:19:15.760 --> 0:19:26.800
<v Speaker 1>the saber metrics about the fighting. Yeah. Absolutely, Okay. So

0:19:27.280 --> 0:19:29.640
<v Speaker 1>uh Now, shortly after Adam no Uhman founded We Work,

0:19:29.680 --> 0:19:31.239
<v Speaker 1>he'd made what seemed to be at the time an

0:19:31.240 --> 0:19:34.040
<v Speaker 1>impossible promise that his company would one day beat out

0:19:34.119 --> 0:19:37.280
<v Speaker 1>JP Morgan and become the largest private office tenant in

0:19:37.320 --> 0:19:39.720
<v Speaker 1>the city of New York. Given that New York is

0:19:40.600 --> 0:19:43.920
<v Speaker 1>New York, that's a pretty huge deal. Like, so, JP

0:19:44.080 --> 0:19:48.440
<v Speaker 1>Morgan was prior the most office, the gigantic bank worth

0:19:48.560 --> 0:19:51.160
<v Speaker 1>all of the money in the world. Is so saying

0:19:51.200 --> 0:19:53.960
<v Speaker 1>I'm going to beat them, that's a big that's a

0:19:54.000 --> 0:19:57.560
<v Speaker 1>big thing to to hit. But in two thousand eighteen,

0:19:57.640 --> 0:20:00.600
<v Speaker 1>this dream became a reality. We Work now lee five

0:20:00.720 --> 0:20:04.200
<v Speaker 1>million square feet over fifty locations across the city. So

0:20:04.440 --> 0:20:07.560
<v Speaker 1>all of it still not making money, correct, not a profit.

0:20:07.640 --> 0:20:14.800
<v Speaker 1>They're making money, but not net not net. Yeah. Now,

0:20:15.280 --> 0:20:18.120
<v Speaker 1>those locations, as we got into a little bit released

0:20:18.119 --> 0:20:21.040
<v Speaker 1>with venture capital money, not actual profits made by the company.

0:20:21.320 --> 0:20:23.520
<v Speaker 1>And those offices were kept full due to free rent

0:20:23.560 --> 0:20:26.879
<v Speaker 1>offers in lease buyouts, which is not a strategy that

0:20:26.920 --> 0:20:31.520
<v Speaker 1>can continue forever. You could just you could give people

0:20:31.520 --> 0:20:34.520
<v Speaker 1>homes for less. It does make more sense. It does

0:20:34.600 --> 0:20:37.240
<v Speaker 1>feel like people talk about like we can't afford universal healthcare,

0:20:37.280 --> 0:20:39.240
<v Speaker 1>and then it's like how much money did we work

0:20:39.320 --> 0:20:41.760
<v Speaker 1>blow through, which just like even outside of how much

0:20:41.800 --> 0:20:43.360
<v Speaker 1>money did we spent on the F thirty five, which

0:20:43.400 --> 0:20:47.879
<v Speaker 1>is actually vastly higher like but still and if he

0:20:48.160 --> 0:20:50.840
<v Speaker 1>like housed people instead of all these offices, those people

0:20:50.880 --> 0:20:54.800
<v Speaker 1>would get tons of booze. Yeah, yep, they be drunk

0:20:54.800 --> 0:20:59.640
<v Speaker 1>as ship. Now. SoftBank's massive investments seem to confirm Adam's

0:20:59.640 --> 0:21:01.879
<v Speaker 1>grand post about the importance of his company, and his

0:21:01.960 --> 0:21:05.520
<v Speaker 1>ego swelled. Consequently, he started talking to colleagues about his

0:21:05.560 --> 0:21:09.800
<v Speaker 1>desire for eternal life. This is like moon base all

0:21:09.840 --> 0:21:14.680
<v Speaker 1>over here. Nope, nope, no, this is where Dan's ears.

0:21:15.800 --> 0:21:19.160
<v Speaker 1>He invested in Life Bio Sciences, a Life Extensions start

0:21:19.240 --> 0:21:21.359
<v Speaker 1>up to further this end. The company mission is to

0:21:21.440 --> 0:21:23.879
<v Speaker 1>create a future where age related decline is not a

0:21:23.960 --> 0:21:27.720
<v Speaker 1>fact of life, and I'm increasingly throughout wild ideas for

0:21:27.760 --> 0:21:30.280
<v Speaker 1>ways we Were could expand to areas well outside of

0:21:30.280 --> 0:21:34.160
<v Speaker 1>its wheelhouse. Sometime after seventeen two seventeen, he started talking

0:21:34.160 --> 0:21:38.840
<v Speaker 1>about starting an airline called We Fly. This is some

0:21:38.960 --> 0:21:41.520
<v Speaker 1>ship where you're like, you look in history and you're like,

0:21:41.560 --> 0:21:44.199
<v Speaker 1>how is it The people got sold on alchemy and

0:21:44.240 --> 0:21:46.800
<v Speaker 1>the philosopher's stone and internal life, and then you look

0:21:46.840 --> 0:21:49.520
<v Speaker 1>at that guy in your life. Yeah, they're still there.

0:21:49.560 --> 0:21:53.280
<v Speaker 1>They're still doing it. In fairness, we Fly kind of

0:21:53.320 --> 0:21:57.680
<v Speaker 1>like it's it's to find enough name for an airline.

0:21:57.920 --> 0:22:01.680
<v Speaker 1>It's just like, what's your experience renting buildings to companies?

0:22:02.160 --> 0:22:06.119
<v Speaker 1>What do you want to do? Run an airline? What

0:22:06.359 --> 0:22:10.000
<v Speaker 1>is an airplane? But in office sky office exactly. That

0:22:10.200 --> 0:22:17.159
<v Speaker 1>is actually where these episodes were written, so exactly airlines

0:22:17.320 --> 0:22:19.960
<v Speaker 1>in Iceland that used to the world of warcraft airlines

0:22:20.640 --> 0:22:23.600
<v Speaker 1>and there was whizz Air, which is the worst airlines started.

0:22:23.640 --> 0:22:26.000
<v Speaker 1>It's like a bike share company and their next move

0:22:26.119 --> 0:22:29.760
<v Speaker 1>is like we'll run an airline. Turns out those skills

0:22:29.960 --> 0:22:37.760
<v Speaker 1>do not translate. Not weird now, Adam increasingly throughout wild

0:22:37.840 --> 0:22:40.240
<v Speaker 1>ideas for ways we were it could expand into areas

0:22:40.440 --> 0:22:42.679
<v Speaker 1>well outside. Oh right, I read that a little bit.

0:22:42.760 --> 0:22:45.320
<v Speaker 1>Oh yeah, so we fly his one. There was also

0:22:45.400 --> 0:22:48.800
<v Speaker 1>talk of we sail and something called we sleep, which

0:22:48.880 --> 0:22:54.200
<v Speaker 1>I have no idea what that was supposed to be. Yeah, astresses,

0:22:54.280 --> 0:22:57.480
<v Speaker 1>maybe like a sleep lab. He briefly discussed his ambition

0:22:57.520 --> 0:23:00.679
<v Speaker 1>to become Israel's Prime minister, before amending to say that

0:23:00.720 --> 0:23:02.960
<v Speaker 1>if he ran for any office, it would be for

0:23:03.040 --> 0:23:07.320
<v Speaker 1>president of the world. Little part of how you know

0:23:07.440 --> 0:23:10.560
<v Speaker 1>this was a little bit CULTI is that if my

0:23:10.600 --> 0:23:13.960
<v Speaker 1>boss this podcast, Jack O'Brien, somebody have great respect for

0:23:14.000 --> 0:23:16.440
<v Speaker 1>I've worked with him eleven twelve years now, the vast

0:23:16.520 --> 0:23:19.920
<v Speaker 1>majority basically all of my working life. If he told

0:23:19.920 --> 0:23:22.800
<v Speaker 1>me seriously that if he ever ran for office, it

0:23:22.800 --> 0:23:24.760
<v Speaker 1>would be for president of the world, and it wasn't

0:23:24.760 --> 0:23:27.639
<v Speaker 1>like a bad joke, I would just start punching. And

0:23:27.680 --> 0:23:30.359
<v Speaker 1>I love Jack, but that's what you do when you

0:23:30.480 --> 0:23:33.359
<v Speaker 1>care about someone and they say you just start hitting them.

0:23:33.359 --> 0:23:35.640
<v Speaker 1>It's a it's a mentality. That needs to be gone from.

0:23:35.680 --> 0:23:38.399
<v Speaker 1>It needs to be hit. Yeah, you don't. You just

0:23:38.440 --> 0:23:40.760
<v Speaker 1>don't do that, especially when it's paired with like I'm

0:23:40.800 --> 0:23:43.960
<v Speaker 1>trying to put money into life extension technology and I

0:23:44.080 --> 0:23:47.200
<v Speaker 1>want the president of the world. I'm going to hit

0:23:47.240 --> 0:23:50.560
<v Speaker 1>you with this brick. This is what needs to happen. Now,

0:23:50.920 --> 0:23:55.359
<v Speaker 1>become a problems response to that President of the world

0:23:55.400 --> 0:23:58.800
<v Speaker 1>with one eye. You will not have both of your

0:23:58.800 --> 0:24:01.119
<v Speaker 1>eyes while you do it. I will make sure of that.

0:24:01.760 --> 0:24:03.520
<v Speaker 1>I think it is inevitable that if there is a

0:24:03.520 --> 0:24:05.879
<v Speaker 1>president of the world, they will have one eye, but

0:24:05.960 --> 0:24:08.399
<v Speaker 1>there will be an ipatch situation because it will be

0:24:08.400 --> 0:24:14.320
<v Speaker 1>a dystopian like water World type of what is the

0:24:14.400 --> 0:24:17.680
<v Speaker 1>name Dee Boy from Friday? The President of the World

0:24:17.680 --> 0:24:21.120
<v Speaker 1>and fifth Element. That's a great president. That's the one.

0:24:21.160 --> 0:24:23.840
<v Speaker 1>That's the one that I'm all about. I I will say,

0:24:23.920 --> 0:24:26.800
<v Speaker 1>as an anarchist, I have a lot of different, conflicting,

0:24:27.359 --> 0:24:30.480
<v Speaker 1>always shifting ideas about about how I think the world

0:24:30.480 --> 0:24:32.639
<v Speaker 1>ought to be. One thing I'm certain of is that

0:24:32.680 --> 0:24:35.800
<v Speaker 1>based on my ideology, if I ever think someone might

0:24:35.840 --> 0:24:37.840
<v Speaker 1>become the president of the world, I'm going to try

0:24:37.840 --> 0:24:40.840
<v Speaker 1>to hit him with a brick. I think that's fair,

0:24:41.119 --> 0:24:45.040
<v Speaker 1>although I also think that, Yeah, I think that anytime

0:24:45.040 --> 0:24:47.520
<v Speaker 1>you hear someone say like, I want to be president

0:24:47.560 --> 0:24:50.320
<v Speaker 1>of the world, Like, what scares me about that is

0:24:50.359 --> 0:24:53.240
<v Speaker 1>not the possibility they will become president of the world.

0:24:53.520 --> 0:24:56.520
<v Speaker 1>It's just what that implies about their mental state. Yeah,

0:24:56.560 --> 0:24:58.800
<v Speaker 1>it's like because it's like this is this is trouble.

0:24:59.080 --> 0:25:01.520
<v Speaker 1>Like I would I would have a very negative reaction

0:25:01.560 --> 0:25:03.360
<v Speaker 1>to somebody who was like, I'm going to be president,

0:25:03.960 --> 0:25:06.520
<v Speaker 1>because that's a bad thing to want to be um,

0:25:06.560 --> 0:25:08.720
<v Speaker 1>But somebody wants to be president of the world, that's

0:25:08.720 --> 0:25:13.399
<v Speaker 1>a bricking that's a bricking mentality. Yeah, I mean the

0:25:13.720 --> 0:25:15.879
<v Speaker 1>truth is the only people that should be empowered the

0:25:15.880 --> 0:25:17.600
<v Speaker 1>people who don't want to be in power. And that's

0:25:17.600 --> 0:25:22.359
<v Speaker 1>why we're fucked. Now, all of this we've been talking

0:25:22.359 --> 0:25:24.600
<v Speaker 1>about for several minutes now was a paragraph and I

0:25:24.640 --> 0:25:27.640
<v Speaker 1>haven't read the last sentence and the most insufferable sentence.

0:25:29.359 --> 0:25:32.600
<v Speaker 1>In the two eighteen summer Camp, Adam Neuman promised that

0:25:32.680 --> 0:25:36.200
<v Speaker 1>we work would solve the problem of children without parents

0:25:36.359 --> 0:25:41.200
<v Speaker 1>and then eradicate world hunger. We're going to kill children

0:25:41.200 --> 0:25:45.280
<v Speaker 1>without a parents. Just start gating orphans. They shan't be hungry.

0:25:45.320 --> 0:25:49.160
<v Speaker 1>Though we works value sword past ten billion, then past

0:25:49.200 --> 0:25:52.040
<v Speaker 1>twenty billion. Adam Neuman was now, on paper at least

0:25:52.040 --> 0:25:54.679
<v Speaker 1>a billionaire himself, so there was no indication of how

0:25:54.720 --> 0:25:57.760
<v Speaker 1>he planned to solve those problems, No on whatsoever. Well,

0:25:57.800 --> 0:26:00.159
<v Speaker 1>a little bit, we'll get get a little bit of that,

0:26:00.200 --> 0:26:04.399
<v Speaker 1>a little bit patient and Elizabeth Warren made a white paper.

0:26:04.880 --> 0:26:07.240
<v Speaker 1>You know, he actually, if he had, that would have

0:26:07.280 --> 0:26:11.159
<v Speaker 1>been more thought than I think he gave to it. Yeah. Uh.

0:26:11.240 --> 0:26:14.399
<v Speaker 1>He immediately started bragging after becoming a billionaire again on

0:26:14.520 --> 0:26:17.760
<v Speaker 1>paper that his personal goal was to become the world's

0:26:17.800 --> 0:26:22.440
<v Speaker 1>first trillionaire. Do we not have brick Brickham Good, No,

0:26:22.560 --> 0:26:26.920
<v Speaker 1>we don't have one. No, Jeff Bezos is like Jeff's

0:26:26.920 --> 0:26:28.400
<v Speaker 1>and Bill Gates or like at a hundred and twenty

0:26:28.400 --> 0:26:31.440
<v Speaker 1>million something like that. That's not even all that close

0:26:31.600 --> 0:26:34.560
<v Speaker 1>to a trillion. I have so little interest in money

0:26:34.680 --> 0:26:36.840
<v Speaker 1>stuff that I just assumed we had a couple. I

0:26:36.880 --> 0:26:40.359
<v Speaker 1>feel like it is a matter of like the survival

0:26:40.400 --> 0:26:43.760
<v Speaker 1>of civilization level importance that we not let anyone reach

0:26:43.840 --> 0:26:46.040
<v Speaker 1>that level. Yeah. I feel like it's a matter of

0:26:46.080 --> 0:26:49.760
<v Speaker 1>survival and don't allow billionaires to exist until No, I mean,

0:26:49.880 --> 0:26:54.879
<v Speaker 1>we've we've got to stop that. Yeah, that's a bricken.

0:26:55.160 --> 0:26:56.920
<v Speaker 1>If I want to be a trillionaire, that's a brick

0:26:56.960 --> 0:26:59.880
<v Speaker 1>in I see a shirt in your future, that's a brick.

0:27:00.080 --> 0:27:03.440
<v Speaker 1>That's a brick. And you want to be I'm gonna

0:27:03.480 --> 0:27:05.439
<v Speaker 1>hit you with a brick. I just gotta do it.

0:27:06.200 --> 0:27:08.879
<v Speaker 1>If you were a stand up comedian touring the Midwest,

0:27:09.000 --> 0:27:14.040
<v Speaker 1>you would sell a lot of that's a brick in shirts. Yeah. Yeah.

0:27:14.359 --> 0:27:18.720
<v Speaker 1>Now the reality of Adam's wealth was less impressive. He

0:27:18.760 --> 0:27:22.000
<v Speaker 1>made millions as we work, CEO, because that's what CEOs do,

0:27:22.280 --> 0:27:24.560
<v Speaker 1>and he made millions more from having the company, least

0:27:24.600 --> 0:27:27.560
<v Speaker 1>from properties he owned. But he also had borrowed more

0:27:27.600 --> 0:27:30.760
<v Speaker 1>than seven hundred and forty million dollars against his stock

0:27:30.800 --> 0:27:33.359
<v Speaker 1>in the company, a thing that is legal. For some reason,

0:27:33.760 --> 0:27:35.639
<v Speaker 1>he sold hundreds of millions of dollars worth of his

0:27:35.640 --> 0:27:38.439
<v Speaker 1>own shares. This was often done in a very shady fashion.

0:27:38.520 --> 0:27:42.000
<v Speaker 1>For example, in two fifteen, he sold tens of millions

0:27:42.000 --> 0:27:44.359
<v Speaker 1>of dollars worth of shares. Then he had the company

0:27:44.440 --> 0:27:48.320
<v Speaker 1>launched a stock buyback program to buy employee shares of stock.

0:27:48.680 --> 0:27:51.879
<v Speaker 1>The buy back program offered employees a per share price

0:27:51.960 --> 0:27:54.399
<v Speaker 1>that was markedly lower than what Annoyman had been paid

0:27:54.920 --> 0:27:57.879
<v Speaker 1>for his stock, and since Adam stock sales weren't public,

0:27:58.040 --> 0:28:00.720
<v Speaker 1>we Works employees didn't realize they were being screwed to

0:28:00.760 --> 0:28:05.199
<v Speaker 1>subsidize adams lifestyle. Man, I feel like all those guys

0:28:05.240 --> 0:28:08.520
<v Speaker 1>who are like, Okay, here's what we'll do to increase productivity,

0:28:08.880 --> 0:28:12.359
<v Speaker 1>create a cult and funk over everybody work with could

0:28:12.440 --> 0:28:15.760
<v Speaker 1>really be served by like reading all the literature where

0:28:15.760 --> 0:28:18.280
<v Speaker 1>they're like, if you pay people a living wage and

0:28:18.359 --> 0:28:21.400
<v Speaker 1>give them benefits and give them time off, they will

0:28:21.440 --> 0:28:23.800
<v Speaker 1>work more for you on their own. Jordan, that is

0:28:23.840 --> 0:28:26.360
<v Speaker 1>not how you become president of the world. It's definitely

0:28:26.400 --> 0:28:28.159
<v Speaker 1>not is that, you know how you've become president of

0:28:28.160 --> 0:28:34.680
<v Speaker 1>the world. It's racism. Racism now because it's the world.

0:28:34.760 --> 0:28:36.879
<v Speaker 1>It's a number of different racisms. Because you've got to

0:28:36.920 --> 0:28:40.600
<v Speaker 1>be able to it's a balance Mexicans, Tibetans, you gotta

0:28:40.680 --> 0:28:47.360
<v Speaker 1>really all over the world. It's really religion. But even

0:28:47.400 --> 0:28:50.520
<v Speaker 1>then you've got to I wonder, I wonder what it'll be.

0:28:50.880 --> 0:28:52.800
<v Speaker 1>I wanted we might see it in our lifetimes, and

0:28:52.840 --> 0:28:56.040
<v Speaker 1>I'm really I'm really curious. Yeah, I'm really curious to

0:28:56.080 --> 0:28:59.920
<v Speaker 1>see whether or not it's a racism or a religious,

0:29:00.000 --> 0:29:03.520
<v Speaker 1>a gutry thing. Well not just which one, which plane

0:29:03.520 --> 0:29:06.760
<v Speaker 1>to which sort of bigotry wins, you know, because I

0:29:06.760 --> 0:29:09.760
<v Speaker 1>feel like it will be one president who's like, funk,

0:29:09.800 --> 0:29:13.360
<v Speaker 1>all these different individual races that I've calculated will maximize

0:29:13.400 --> 0:29:15.560
<v Speaker 1>my vote, and one president will be like fuck this

0:29:15.720 --> 0:29:19.720
<v Speaker 1>specific right, So it would be like a like a

0:29:19.880 --> 0:29:24.320
<v Speaker 1>focus tested racism versus instinctual racism. I mean, it's actually

0:29:24.360 --> 0:29:28.200
<v Speaker 1>going to come down to Hillary versus Trump again. Very frustratingly,

0:29:28.800 --> 0:29:32.280
<v Speaker 1>the m p A has to review type of racism

0:29:32.320 --> 0:29:39.560
<v Speaker 1>in a bunch of focus groups. Got now. During this time,

0:29:39.640 --> 0:29:42.200
<v Speaker 1>Adam and Rebecca bought a ninety million dollar collection of

0:29:42.240 --> 0:29:44.520
<v Speaker 1>homes around the world, including a sixty acre estate in

0:29:44.600 --> 0:29:49.600
<v Speaker 1>Westchester County. Kids made it that marriage worked. I expected

0:29:49.640 --> 0:29:52.560
<v Speaker 1>to divorce by now. You know, it's weird when you

0:29:52.600 --> 0:29:55.480
<v Speaker 1>have hundreds of millions of dollars it's easy to stay married,

0:29:56.640 --> 0:30:00.320
<v Speaker 1>which really speaks to how unpleasant Jeff Bezos is marriage

0:30:00.360 --> 0:30:06.080
<v Speaker 1>must have been. Anyway, I'm not gonna comment on that anymore. Um. Yeah,

0:30:06.120 --> 0:30:07.760
<v Speaker 1>they had a twenty one million dollar mansion in the

0:30:07.760 --> 0:30:09.680
<v Speaker 1>Bay Area with a room shaped like a guitar. They

0:30:09.720 --> 0:30:12.320
<v Speaker 1>hired several nannies for their children, two personal assistants, and

0:30:12.360 --> 0:30:14.800
<v Speaker 1>a chef. Even as much money as ad him was worth,

0:30:15.160 --> 0:30:20.200
<v Speaker 1>his spending was incredibly excessive, and so was We Work spending. Well.

0:30:20.280 --> 0:30:23.920
<v Speaker 1>Adam's craziest ideas, like establishing an airline, never went into production.

0:30:23.960 --> 0:30:26.080
<v Speaker 1>The company did embark on a number of side hustles

0:30:26.080 --> 0:30:30.000
<v Speaker 1>At his direction. They created We Live, essentially a very

0:30:30.040 --> 0:30:33.960
<v Speaker 1>expensive apartment complex with no privacy. Adam said this would

0:30:34.040 --> 0:30:38.960
<v Speaker 1>drive suicide rates down because no one feels alone. Elevator

0:30:39.040 --> 0:30:45.240
<v Speaker 1>talk getting really uncomfortable. But is that is kind of

0:30:45.240 --> 0:30:48.120
<v Speaker 1>the natural progression if they're like making this company, if

0:30:48.160 --> 0:30:51.240
<v Speaker 1>it is like Comedy Towns. Yeah, yeah, you've created this,

0:30:51.320 --> 0:30:54.080
<v Speaker 1>like this is the workspace we now on that, why

0:30:54.080 --> 0:30:56.720
<v Speaker 1>wouldn't you then get into like now we're getting into

0:30:56.760 --> 0:30:59.640
<v Speaker 1>your living Yeah, I'm trying to create a workplace slash

0:30:59.680 --> 0:31:04.320
<v Speaker 1>living space. So why not just They also created a

0:31:04.360 --> 0:31:07.880
<v Speaker 1>gym I think it was called we Rise. Um that

0:31:07.920 --> 0:31:10.800
<v Speaker 1>should be their bakery. That should be their bakery, I know,

0:31:10.960 --> 0:31:14.960
<v Speaker 1>I know missed opportunities. And then they created We Grow.

0:31:15.560 --> 0:31:18.480
<v Speaker 1>This was a school that Adam hoped would eventually expand

0:31:18.480 --> 0:31:21.480
<v Speaker 1>into a project to house all the world's orphans Jesus

0:31:21.920 --> 0:31:29.520
<v Speaker 1>at Adam said this fucking sentence, You guys. Adam said,

0:31:29.960 --> 0:31:32.560
<v Speaker 1>if we GROW's planned to save the orphans, we want

0:31:32.600 --> 0:31:34.719
<v Speaker 1>to solve this problem and give them a new family,

0:31:34.920 --> 0:31:43.000
<v Speaker 1>but we work family. I'm speechless. It's terrifying if what

0:31:43.240 --> 0:31:48.400
<v Speaker 1>kind of person says that. I just just straight Yeah,

0:31:49.160 --> 0:31:52.720
<v Speaker 1>there was a moment I wonder this this is this

0:31:52.760 --> 0:31:55.160
<v Speaker 1>is a question like in the movie of this this

0:31:55.280 --> 0:31:57.960
<v Speaker 1>dude's life, does he have that scarface moment where it's

0:31:58.000 --> 0:32:00.720
<v Speaker 1>like you can see him just go past that point

0:32:00.760 --> 0:32:02.920
<v Speaker 1>and it's like everything past this is just gonna be

0:32:03.120 --> 0:32:04.840
<v Speaker 1>It's probably that night on the roof. It was that

0:32:04.960 --> 0:32:07.600
<v Speaker 1>night on the roof. Maybe here there I can get

0:32:07.640 --> 0:32:09.840
<v Speaker 1>people to do anything if they'll drink this this poop

0:32:09.880 --> 0:32:13.920
<v Speaker 1>beer could be anything on the roof. And then, oh,

0:32:14.080 --> 0:32:16.160
<v Speaker 1>this is going to be an insufferable movie, isn't it?

0:32:16.200 --> 0:32:20.120
<v Speaker 1>That makes him into like a cool another social network.

0:32:21.120 --> 0:32:23.120
<v Speaker 1>I want to do it like a Wall Street. But

0:32:23.200 --> 0:32:27.240
<v Speaker 1>it turned out that even when you satirize, there needs

0:32:27.960 --> 0:32:30.000
<v Speaker 1>there should be a law that when you do a

0:32:30.000 --> 0:32:31.880
<v Speaker 1>movie like Wolf of Wall Street, there needs to be

0:32:31.920 --> 0:32:34.920
<v Speaker 1>a seven minute scene where the character ships himself. Yeah,

0:32:36.760 --> 0:32:41.560
<v Speaker 1>really unbecoming him, embarrassing, and make it uncomfortable for the audience.

0:32:41.800 --> 0:32:43.840
<v Speaker 1>You know, it should be hard to get over that hump.

0:32:43.880 --> 0:32:45.920
<v Speaker 1>You should expect it to be over like three minutes,

0:32:46.000 --> 0:32:48.440
<v Speaker 1>and then it just not not like funny, not like

0:32:48.480 --> 0:32:51.960
<v Speaker 1>the vomiting scene in Team America, like just just bad,

0:32:52.400 --> 0:32:55.320
<v Speaker 1>just a bad thing to be a part of. Yeah,

0:32:55.400 --> 0:32:58.280
<v Speaker 1>because it happened, I feel like that's a regulation we

0:32:58.320 --> 0:33:00.560
<v Speaker 1>could pass. I think. I think so it's by and

0:33:00.720 --> 0:33:06.400
<v Speaker 1>by partisan appeal. The Ship the Movie Shooting bill has

0:33:06.440 --> 0:33:09.880
<v Speaker 1>passed through both houses and is now on the president's desk.

0:33:10.240 --> 0:33:12.360
<v Speaker 1>He was reportedly unable to sign today as he was

0:33:12.440 --> 0:33:15.200
<v Speaker 1>too busy chopping off his enormous poop so that it

0:33:15.200 --> 0:33:20.040
<v Speaker 1>could flush in less than ten flushes. That did happen.

0:33:20.200 --> 0:33:23.680
<v Speaker 1>That's just that, that's just part of politics. You can't

0:33:23.720 --> 0:33:30.920
<v Speaker 1>remove that from the history books. Yeah, amazing. It's gonna

0:33:30.960 --> 0:33:34.360
<v Speaker 1>be really funny if we get past as a nation

0:33:34.520 --> 0:33:36.760
<v Speaker 1>him being in office and don't collapse into a civil war.

0:33:37.000 --> 0:33:38.720
<v Speaker 1>Do you hear people talk about the dignity of the

0:33:38.720 --> 0:33:42.200
<v Speaker 1>presidency again, Like, really, it's gonna it's gonna be like,

0:33:42.240 --> 0:33:44.120
<v Speaker 1>I hope I get to be on TV at some

0:33:44.120 --> 0:33:49.200
<v Speaker 1>point when that happens and just what what what is left?

0:33:50.680 --> 0:33:53.400
<v Speaker 1>Did you hear the poop speech? I mean, historically the

0:33:53.440 --> 0:33:56.880
<v Speaker 1>dignity of the presidency was lost, you know, I guess

0:33:56.920 --> 0:33:59.520
<v Speaker 1>after Andrew it was always it was always an illusion.

0:34:00.200 --> 0:34:03.640
<v Speaker 1>Jackson presented himself in a stately manner and stuff like

0:34:03.640 --> 0:34:05.960
<v Speaker 1>like a six ft wheel of cheese is where I

0:34:06.120 --> 0:34:10.600
<v Speaker 1>get off the off four on? That's the that's the

0:34:10.640 --> 0:34:14.800
<v Speaker 1>best thing he did. Yeah, we call six ftee. I

0:34:14.920 --> 0:34:18.600
<v Speaker 1>feel like than accusing everyone else in the country of

0:34:18.760 --> 0:34:21.760
<v Speaker 1>needing fifteen flushes to get their poop down the toilet,

0:34:22.560 --> 0:34:26.239
<v Speaker 1>and every everyone listening knowing like you couldn't get a

0:34:26.280 --> 0:34:31.960
<v Speaker 1>poop down? Could you? The president yourself? There the speech?

0:34:33.000 --> 0:34:37.360
<v Speaker 1>No one else is having trouble with this. Here I

0:34:37.400 --> 0:34:42.359
<v Speaker 1>am having pooped for four days. And yeah, I mean

0:34:42.400 --> 0:34:44.160
<v Speaker 1>you can you can say that like the office is

0:34:44.239 --> 0:34:47.240
<v Speaker 1>undignified historically forever. But I think there is a value

0:34:47.320 --> 0:34:51.640
<v Speaker 1>to a shared delusion, and that's kind of gone. There's

0:34:51.680 --> 0:34:53.640
<v Speaker 1>a value, but it's not a good or a bad thing.

0:34:53.760 --> 0:34:59.759
<v Speaker 1>It's just a value. The same fifteen has a value. Yeah. Now,

0:35:00.920 --> 0:35:03.120
<v Speaker 1>when we last, before we went on this aggression, I

0:35:03.200 --> 0:35:06.600
<v Speaker 1>said that Adam wanted to solve the problem of of

0:35:06.600 --> 0:35:09.680
<v Speaker 1>of parentless children and give them a new family. That

0:35:09.680 --> 0:35:13.040
<v Speaker 1>we make the digression because that is it is. It's

0:35:13.080 --> 0:35:17.479
<v Speaker 1>a nuts fucking sentence. Now before we work could house

0:35:17.520 --> 0:35:20.200
<v Speaker 1>the world's orphans, though we're gonna put them on trains.

0:35:20.280 --> 0:35:22.520
<v Speaker 1>It hands that nobody's ever done this before, and we'll

0:35:22.560 --> 0:35:24.719
<v Speaker 1>send it all the way across the nation. You know,

0:35:24.840 --> 0:35:29.680
<v Speaker 1>it's better than that. Um, it's better than that, but

0:35:29.800 --> 0:35:33.719
<v Speaker 1>dumber um. We in order to make we grow get

0:35:33.760 --> 0:35:35.560
<v Speaker 1>to the point where it could house all of the

0:35:35.560 --> 0:35:38.400
<v Speaker 1>world's orphans, it was going to start as a luxury

0:35:38.840 --> 0:35:42.400
<v Speaker 1>boutique school for the children of rich people, charging the

0:35:42.520 --> 0:35:44.880
<v Speaker 1>very wealthy in New York City thirty six to forty

0:35:44.880 --> 0:35:48.120
<v Speaker 1>two dollars a year to educate their small children. This

0:35:48.600 --> 0:35:56.000
<v Speaker 1>seems like the opposite the world's problem with making it

0:35:56.040 --> 0:36:00.400
<v Speaker 1>impossible for them to afford like I had. I'm like

0:36:00.560 --> 0:36:03.680
<v Speaker 1>flying down to a group of Syrian refugees fleeing like

0:36:03.719 --> 0:36:06.120
<v Speaker 1>a barrel bombing and it lib and like putting a

0:36:06.120 --> 0:36:08.359
<v Speaker 1>hand on one of their shoulders and saying, in like

0:36:08.440 --> 0:36:11.319
<v Speaker 1>twenty years when the cost comes down, take care of

0:36:11.320 --> 0:36:15.040
<v Speaker 1>you right now, No way for now, it's just Sean

0:36:15.120 --> 0:36:20.560
<v Speaker 1>Penn's kids, and they're getting a great education. I believe.

0:36:20.560 --> 0:36:27.120
<v Speaker 1>Do you know who Sean Penn is? Oh you're dead now.

0:36:27.960 --> 0:36:31.319
<v Speaker 1>We Grow was Rebecca Noyman's project, his wife. She had

0:36:31.360 --> 0:36:32.960
<v Speaker 1>been a core part of WE Work from the beginning.

0:36:33.000 --> 0:36:35.960
<v Speaker 1>Of course, in two thou seventeen, the company had hired

0:36:36.000 --> 0:36:39.320
<v Speaker 1>Soul Cycle founder Julie Rice is their chief brand officer,

0:36:39.680 --> 0:36:42.319
<v Speaker 1>but when Rebecca came back from eternity leave later that year,

0:36:42.520 --> 0:36:45.520
<v Speaker 1>she decided she wanted the title for herself and took it,

0:36:45.680 --> 0:36:48.720
<v Speaker 1>so Julie had to quit. Okay, according to WE Works

0:36:48.960 --> 0:36:53.879
<v Speaker 1>established business practices, she should have been fired. I'm disappointed

0:36:53.880 --> 0:36:58.640
<v Speaker 1>by this. She was, That's what happened because she was

0:36:58.680 --> 0:37:02.200
<v Speaker 1>originally the chief brand officer, but then Rebecca got it.

0:37:02.960 --> 0:37:06.279
<v Speaker 1>Now support this decision. Apparently, Rebecca is somewhat famous among

0:37:06.320 --> 0:37:09.000
<v Speaker 1>WE Workers for firing people she met and got bad

0:37:09.080 --> 0:37:11.640
<v Speaker 1>vibes from. One example is a mechanic for the company

0:37:11.680 --> 0:37:15.080
<v Speaker 1>Gulf Stream Private Jet who was ship can't because Rebecca

0:37:15.200 --> 0:37:18.279
<v Speaker 1>quote didn't like his energy. So she's the kind of

0:37:18.280 --> 0:37:21.560
<v Speaker 1>person we are all we all like now. Obviously, she

0:37:21.640 --> 0:37:23.480
<v Speaker 1>was the perfect person to design a brand new school

0:37:23.480 --> 0:37:26.080
<v Speaker 1>from the ground up. Rebecca, of course, had no relevant

0:37:26.120 --> 0:37:29.440
<v Speaker 1>experience in education and also what children and running a school?

0:37:29.560 --> 0:37:32.319
<v Speaker 1>What if these kids have bad vibes, well then then

0:37:32.360 --> 0:37:34.319
<v Speaker 1>you just kill you throw them off the top of

0:37:34.320 --> 0:37:38.920
<v Speaker 1>that build. Real trouble of someone who's like, so, what

0:37:39.160 --> 0:37:42.239
<v Speaker 1>was missing from public education was more capriciousness yea, and

0:37:42.400 --> 0:37:46.719
<v Speaker 1>good vibes. Yeah, she had nowhere elm in experience, but

0:37:46.800 --> 0:37:49.160
<v Speaker 1>she didn't think that really mattered. She told interviewers that

0:37:49.200 --> 0:37:53.040
<v Speaker 1>her vision for We Grow was a new, conscious entrepreneurial

0:37:53.120 --> 0:37:57.480
<v Speaker 1>school committed to unleashing every child superpowers. At the school's opening,

0:37:57.520 --> 0:38:00.680
<v Speaker 1>she reportedly stated, in my book, there's no reason why

0:38:00.760 --> 0:38:03.880
<v Speaker 1>children in elementary schools can't be launching their own businesses.

0:38:05.239 --> 0:38:13.960
<v Speaker 1>Mm hmm. Labor laws, man, if they're running ship Jordan's

0:38:14.080 --> 0:38:16.680
<v Speaker 1>I mean, if you like, I'm going to hire a

0:38:16.719 --> 0:38:18.560
<v Speaker 1>bunch of eight girls to work in this coal mine.

0:38:18.680 --> 0:38:22.200
<v Speaker 1>I mean, if you want to do a school where like, hey,

0:38:22.400 --> 0:38:25.480
<v Speaker 1>you it's cool to do a lemonade stand and learn

0:38:25.560 --> 0:38:27.880
<v Speaker 1>some lessons from it. I don't know how I'm not

0:38:27.920 --> 0:38:30.279
<v Speaker 1>going to die on that hill argue against that, But

0:38:30.360 --> 0:38:33.440
<v Speaker 1>it sounds like that's not what she's talking about No, No,

0:38:33.800 --> 0:38:36.920
<v Speaker 1>she wants them making their own. WI didn't twins even

0:38:36.960 --> 0:38:39.320
<v Speaker 1>wait until they were eighteen to start their fashion brand

0:38:39.400 --> 0:38:42.200
<v Speaker 1>or whatever. I think they did. And I think that

0:38:42.440 --> 0:38:46.120
<v Speaker 1>maybe working their entire childhood had some negative mental health implications,

0:38:46.120 --> 0:38:49.919
<v Speaker 1>But I don't want to speak for them. It's it's

0:38:50.000 --> 0:38:53.200
<v Speaker 1>telling that kind of the best case scenario for children

0:38:53.280 --> 0:38:56.360
<v Speaker 1>who work a lot as children as McAuley Colkin, Well,

0:38:56.480 --> 0:38:58.759
<v Speaker 1>his best role was in Party Monster, which I'm sure

0:38:58.880 --> 0:39:02.000
<v Speaker 1>he's fucking awesome part of them. That's a that's a

0:39:02.120 --> 0:39:08.680
<v Speaker 1>great life. I like McCauley culkin, and I'm glad he

0:39:08.680 --> 0:39:10.960
<v Speaker 1>made it out. He's also good and saved. He's also

0:39:11.000 --> 0:39:13.640
<v Speaker 1>good and saved. It's tough, is what I'm saying, being

0:39:13.680 --> 0:39:16.120
<v Speaker 1>a child who works heavily as a child. It's not

0:39:16.239 --> 0:39:20.360
<v Speaker 1>Maybe it's not good for children. Maybe should children shouldn't

0:39:20.400 --> 0:39:23.600
<v Speaker 1>work a lot. Give me the backing of thousands upon

0:39:23.600 --> 0:39:26.719
<v Speaker 1>thousands of psychological studies and then I will listen. You

0:39:26.719 --> 0:39:29.400
<v Speaker 1>know what, psychologically it would be awesome for kids in

0:39:29.440 --> 0:39:35.520
<v Speaker 1>school fucking looking at payroll infant because it's like you

0:39:35.560 --> 0:39:38.760
<v Speaker 1>talked about, like like like child actors and actresses. Um,

0:39:38.800 --> 0:39:42.839
<v Speaker 1>obviously a lot of them have very negative experiences. It's

0:39:42.880 --> 0:39:45.520
<v Speaker 1>it's very it's a damaging thing, which is why, like

0:39:45.560 --> 0:39:47.759
<v Speaker 1>we have so much respect like Daniel Radcliffe's parents who

0:39:47.800 --> 0:39:49.080
<v Speaker 1>are like, no, we're not gonna let our kid move

0:39:49.120 --> 0:39:51.400
<v Speaker 1>to fucking Los Angeles, like you either film it and

0:39:51.480 --> 0:39:54.440
<v Speaker 1>you because we're just not going to put him through that. Um,

0:39:54.480 --> 0:39:57.480
<v Speaker 1>it's tough. It does things to them, and they're not

0:39:57.560 --> 0:39:59.919
<v Speaker 1>in charge. They actually have a lot of people there

0:40:00.000 --> 0:40:03.000
<v Speaker 1>who support them, and it's still is very difficult to

0:40:03.040 --> 0:40:06.719
<v Speaker 1>deal with healthily having a kid managing payroll, having a

0:40:06.800 --> 0:40:10.160
<v Speaker 1>kid managing like debt and like vent your capital, and

0:40:10.239 --> 0:40:15.800
<v Speaker 1>like what a bad idea. It seems woefully stupid. Now

0:40:16.280 --> 0:40:18.480
<v Speaker 1>We Grow launched in the fall of two thousand eighteen.

0:40:18.840 --> 0:40:22.000
<v Speaker 1>It was housed and we works headquarters. Problems immediately cropped

0:40:22.040 --> 0:40:23.760
<v Speaker 1>up due to the fact that Rebecca and her colleagues

0:40:23.760 --> 0:40:26.480
<v Speaker 1>said failed to anticipate minor details like paying the school

0:40:26.520 --> 0:40:29.520
<v Speaker 1>security guards. HR had apparently forgotten to add them to

0:40:29.520 --> 0:40:32.200
<v Speaker 1>pay roll, so this was an immediate bump in the log.

0:40:33.000 --> 0:40:35.359
<v Speaker 1>Sometimes you don't pay the people, the little people when

0:40:35.400 --> 0:40:38.920
<v Speaker 1>you're trying to start a school for entrepreneurs. Sure you're

0:40:38.920 --> 0:40:42.160
<v Speaker 1>gonna make mistakes that entrepreneurs should make to be fair

0:40:42.360 --> 0:40:44.920
<v Speaker 1>under no circumstances should not make to be fair. A

0:40:45.040 --> 0:40:50.640
<v Speaker 1>second grader was in charge of HR and security. Yeah,

0:40:50.880 --> 0:40:54.400
<v Speaker 1>so these things will happen now, it's a learning experience.

0:40:54.520 --> 0:41:01.160
<v Speaker 1>Other problems. Other problems came as a result of Becca's

0:41:01.160 --> 0:41:03.759
<v Speaker 1>own peculiar preferences. She made a rule that parents were

0:41:03.760 --> 0:41:06.120
<v Speaker 1>allowed to wait in the school lounge to pick up children,

0:41:06.200 --> 0:41:09.160
<v Speaker 1>but nanny's had to wait outside in the vestibule. This

0:41:09.239 --> 0:41:12.320
<v Speaker 1>was reportedly because Rebecca didn't want her own children's nannies

0:41:12.360 --> 0:41:15.000
<v Speaker 1>to enter the school. One person close to the school

0:41:15.040 --> 0:41:17.200
<v Speaker 1>told interviewers the whole thing was about her and what

0:41:17.320 --> 0:41:20.680
<v Speaker 1>was right for her children. Yeah, what if I made

0:41:20.680 --> 0:41:25.600
<v Speaker 1>a school based on down Navvy? Gotcha? Yeah? Rebecca herself

0:41:25.640 --> 0:41:28.320
<v Speaker 1>told Fast Company something similar. She claimed that the inspiration

0:41:28.360 --> 0:41:30.319
<v Speaker 1>for We Grow had come when she and Adam were

0:41:30.360 --> 0:41:32.920
<v Speaker 1>looking for fancy, rich people schools for their five kids,

0:41:32.920 --> 0:41:35.640
<v Speaker 1>and quote, we couldn't find the school that we felt

0:41:35.640 --> 0:41:38.640
<v Speaker 1>would nurture growth. These children come into the world, they

0:41:38.640 --> 0:41:42.719
<v Speaker 1>are very evolved, they are very special, they're spiritual. They're

0:41:42.760 --> 0:41:46.720
<v Speaker 1>all natural not entrepreneurs, natural humanitarians. And then it seems

0:41:46.719 --> 0:41:48.239
<v Speaker 1>like we squash it all out of them in the

0:41:48.360 --> 0:41:55.200
<v Speaker 1>education system. Well it sounds familiar. This is this is

0:41:55.440 --> 0:41:58.040
<v Speaker 1>very reminiscent of like kind of a lot of the

0:41:58.320 --> 0:42:03.480
<v Speaker 1>extreme right homes cool kind of. Uh, yeah, there's some

0:42:03.560 --> 0:42:07.919
<v Speaker 1>aspects of a lot of different things. Yeah, in that,

0:42:08.320 --> 0:42:10.480
<v Speaker 1>you know, like everything else. The Norman's embarked on We

0:42:10.560 --> 0:42:13.520
<v Speaker 1>Grow put style before substance. The school was designed by

0:42:13.560 --> 0:42:16.320
<v Speaker 1>a famous architect and featured a vertical garden and whatever

0:42:16.400 --> 0:42:20.480
<v Speaker 1>acoustic clouds are on the ceiling. We Work bought an

0:42:20.480 --> 0:42:23.360
<v Speaker 1>alternative college startup mission You in order to hire a

0:42:23.480 --> 0:42:27.320
<v Speaker 1>CEO for We Grow, who presumably knew something about teaching kids.

0:42:27.760 --> 0:42:32.520
<v Speaker 1>Curriculum included classes on mindfulness, yoga, meditation, and farming. All

0:42:32.560 --> 0:42:34.560
<v Speaker 1>meals were vegetarian. I don't have any problem with the

0:42:34.640 --> 0:42:40.239
<v Speaker 1>last two parts for context, Uh, mindfulness and meditation. Maybe

0:42:40.280 --> 0:42:42.040
<v Speaker 1>you're not a great idea for teaching kids. I don't know,

0:42:43.440 --> 0:42:49.240
<v Speaker 1>can't hurt. Therefore, we'll talk about mindfulness in another episode.

0:42:49.360 --> 0:42:54.080
<v Speaker 1>As We Work matured and started spaces Yeah, fuck that ship.

0:42:56.960 --> 0:43:02.200
<v Speaker 1>Take down meditation. Don't think I wouldn't have litt nearly

0:43:02.239 --> 0:43:04.000
<v Speaker 1>as many fires as have been in my life if

0:43:04.000 --> 0:43:06.799
<v Speaker 1>I if I thought, and I've learned so much from

0:43:06.800 --> 0:43:11.160
<v Speaker 1>those fires. What happens when insulation catches on fire, what

0:43:11.360 --> 0:43:15.239
<v Speaker 1>happens when drywall catches on fire, what happens when shingles

0:43:15.280 --> 0:43:17.920
<v Speaker 1>catch on the fire. Basically what happens when people catch

0:43:17.960 --> 0:43:20.440
<v Speaker 1>on fire? All lessons I wouldn't have had if I

0:43:20.440 --> 0:43:23.600
<v Speaker 1>had thought more. That's a good point. Thank you, all right.

0:43:23.760 --> 0:43:29.279
<v Speaker 1>I retrenedat my supportive meditation. As We Work matured and

0:43:29.280 --> 0:43:32.680
<v Speaker 1>started expanding into every conceivable realm Adam began to revamp

0:43:32.719 --> 0:43:37.000
<v Speaker 1>his ideas about the WE generation. He modified this to

0:43:37.080 --> 0:43:40.400
<v Speaker 1>what he called me plus w That's what I was

0:43:40.440 --> 0:43:42.520
<v Speaker 1>waiting for. I literally was about to say that he's

0:43:42.560 --> 0:43:44.920
<v Speaker 1>going to say it's the ME generation, but never mind you,

0:43:45.200 --> 0:43:48.160
<v Speaker 1>and then he's going to get super bus pepsie. Yeah,

0:43:48.719 --> 0:43:51.279
<v Speaker 1>he explained at a We Work summit. Quote, on one hand,

0:43:51.400 --> 0:43:53.600
<v Speaker 1>you want to be your own person, have your own goals,

0:43:53.760 --> 0:43:55.560
<v Speaker 1>and on the other hand, you understand it being a

0:43:55.600 --> 0:43:58.319
<v Speaker 1>part of something greater than yourself is an amazing opportunity

0:43:58.440 --> 0:44:02.000
<v Speaker 1>and actually makes you stronger. Now. Adamate earlier claimed that

0:44:02.040 --> 0:44:04.960
<v Speaker 1>We Works multibillion dollar valuation was much more based on

0:44:05.040 --> 0:44:07.680
<v Speaker 1>our energy and spirituality than it is on a multiple

0:44:07.680 --> 0:44:10.280
<v Speaker 1>of revenue, pointing out that his real estate leasing business

0:44:10.320 --> 0:44:14.360
<v Speaker 1>was not a real estate business but instead a community company.

0:44:15.680 --> 0:44:19.880
<v Speaker 1>We're not selling office space. Community. It's amazing that the

0:44:19.880 --> 0:44:22.920
<v Speaker 1>thing that can't be sold. People are always telling us

0:44:22.960 --> 0:44:27.640
<v Speaker 1>that it's just not about money. It's only about money again,

0:44:27.880 --> 0:44:30.759
<v Speaker 1>people who will die immediately without a little bit more

0:44:30.800 --> 0:44:32.800
<v Speaker 1>of it, right, but we can put them on trains

0:44:32.920 --> 0:44:36.520
<v Speaker 1>and solve homelessness or some ship. I don't know, I've

0:44:36.560 --> 0:44:39.839
<v Speaker 1>noticed at this point, like there's been literally no conversation

0:44:39.880 --> 0:44:42.520
<v Speaker 1>at all about like people having good experiences and we

0:44:42.640 --> 0:44:47.000
<v Speaker 1>work offices, like I'm sure they exists. That actual community

0:44:47.239 --> 0:44:50.160
<v Speaker 1>that he intends to build. Actually, there's a lot of turnover.

0:44:50.560 --> 0:44:52.880
<v Speaker 1>It's not like early Apple, where's like people stay for

0:44:53.000 --> 0:44:56.040
<v Speaker 1>fucking ever um or a lot of stuff you hear

0:44:56.040 --> 0:44:58.479
<v Speaker 1>about early Google. There's a ton of turnover. But he's

0:44:58.520 --> 0:45:01.520
<v Speaker 1>not even talking about this. The great thing that he's

0:45:01.520 --> 0:45:04.319
<v Speaker 1>bringing into the world being about the employees of we work.

0:45:04.560 --> 0:45:07.200
<v Speaker 1>It's the people who rent the office space. And it's

0:45:07.239 --> 0:45:11.200
<v Speaker 1>always vague and undefined idea community too, because it's not real.

0:45:11.400 --> 0:45:14.560
<v Speaker 1>He's again he's telling this to the bosses, but I

0:45:14.600 --> 0:45:16.600
<v Speaker 1>mean in reality if you're living, if you're working in

0:45:16.680 --> 0:45:20.879
<v Speaker 1>a WE work space, it's just a very mundane office space,

0:45:21.160 --> 0:45:26.200
<v Speaker 1>like if you're working in the slightly better interior design.

0:45:26.280 --> 0:45:28.640
<v Speaker 1>You know, I worked. I worked at a shared office

0:45:28.640 --> 0:45:31.920
<v Speaker 1>space for for a while and it was just that

0:45:32.000 --> 0:45:35.400
<v Speaker 1>was fine. Everybody was there. I could never like, I

0:45:35.440 --> 0:45:38.160
<v Speaker 1>don't know, I I can't be productive in a space

0:45:38.280 --> 0:45:41.400
<v Speaker 1>where I can't wander around shirtless with an a R

0:45:41.520 --> 0:45:44.760
<v Speaker 1>fifteen strapped in my chest. We all have our process

0:45:44.840 --> 0:45:48.759
<v Speaker 1>strapped or taped. No no, no, no, no, no, no

0:45:48.760 --> 0:45:52.240
<v Speaker 1>no no. I have a very nice slingk um Now

0:45:52.520 --> 0:45:57.600
<v Speaker 1>several um you know who doesn't sell SLINKs for a

0:45:57.880 --> 0:46:06.080
<v Speaker 1>fifteen maybe yet, although we're courting them the products and

0:46:06.120 --> 0:46:16.040
<v Speaker 1>services and the sponsored this show. We're back. We're talking

0:46:16.080 --> 0:46:18.480
<v Speaker 1>about a thing that we won't talk about after this

0:46:18.520 --> 0:46:20.799
<v Speaker 1>will be a mystery for the nine of you who

0:46:20.880 --> 0:46:25.720
<v Speaker 1>are listening. After that digression about dog fighting. UM strange,

0:46:26.080 --> 0:46:30.400
<v Speaker 1>Michael Vick is still listening. Michael Vick big support, really

0:46:30.760 --> 0:46:34.440
<v Speaker 1>huge into the podcast. Uh and you know what I

0:46:34.520 --> 0:46:38.360
<v Speaker 1>support north of sixty of what he's done with his life.

0:46:38.760 --> 0:46:41.480
<v Speaker 1>A lot of passes, A lot of passes were good.

0:46:42.440 --> 0:46:44.680
<v Speaker 1>It is rent on time for a spell. He was

0:46:44.680 --> 0:46:48.960
<v Speaker 1>a good football player. I don't know anything about Michael

0:46:49.000 --> 0:46:51.319
<v Speaker 1>Vick other than the dog fighting and football. Those are

0:46:51.320 --> 0:46:53.200
<v Speaker 1>the only two things I know. Is I don't know

0:46:53.239 --> 0:46:55.560
<v Speaker 1>anything about the football. I know he was a footballer,

0:46:55.600 --> 0:46:57.960
<v Speaker 1>but I don't know. I can't analyze him. He was

0:46:57.960 --> 0:47:02.120
<v Speaker 1>pretty good. He's running were more than a yards. Okay,

0:47:02.120 --> 0:47:04.960
<v Speaker 1>never mind, he was good. He was good at the

0:47:04.960 --> 0:47:09.040
<v Speaker 1>balls at Okay, that's good. That's good. Well, no, because

0:47:09.040 --> 0:47:12.759
<v Speaker 1>of the dog fighting. But now I understand more. Now.

0:47:12.960 --> 0:47:16.440
<v Speaker 1>Adam Neuman's most constant refrain when he talked about We

0:47:16.480 --> 0:47:20.120
<v Speaker 1>Worked his employees was this, and this is a quote.

0:47:20.840 --> 0:47:23.200
<v Speaker 1>We are here in order to change the world. Nothing

0:47:23.280 --> 0:47:27.160
<v Speaker 1>less than that interests me, and for a while it

0:47:27.280 --> 0:47:30.400
<v Speaker 1>seemed like that really might be happening. By two eighteen,

0:47:30.480 --> 0:47:32.960
<v Speaker 1>We Worked had four hundred and sixty six thousand members

0:47:32.960 --> 0:47:35.400
<v Speaker 1>working at a four five locations and more than one

0:47:35.480 --> 0:47:38.719
<v Speaker 1>hundred cities in twenty eight countries. It had more than

0:47:38.800 --> 0:47:42.280
<v Speaker 1>doubled its revenue every year of its existence. Not only

0:47:42.400 --> 0:47:45.560
<v Speaker 1>was it Manhattan's largest tenant, but in Central London controlled

0:47:45.560 --> 0:47:49.719
<v Speaker 1>more space than anyone but the British government. So this

0:47:49.800 --> 0:47:52.799
<v Speaker 1>is like like you can't overstate like how much this

0:47:52.840 --> 0:47:57.600
<v Speaker 1>company fucking expands rights are. If you own anything in London,

0:47:57.760 --> 0:48:03.400
<v Speaker 1>you're an evil person, including the British government. It seems

0:48:03.400 --> 0:48:05.600
<v Speaker 1>to be all the metrics of like success are all

0:48:05.640 --> 0:48:09.319
<v Speaker 1>just sort of geographical and and and not based on

0:48:09.400 --> 0:48:12.920
<v Speaker 1>actually profit anything other than just based on and. And

0:48:12.960 --> 0:48:17.000
<v Speaker 1>they don't own these buildings leasing them. Yeah, they're leasing them.

0:48:17.120 --> 0:48:21.359
<v Speaker 1>So even even the geographical brag is kind of a liability. Yeah,

0:48:21.560 --> 0:48:26.160
<v Speaker 1>that's you can't be the most profitable, profitable company if

0:48:26.200 --> 0:48:30.480
<v Speaker 1>you're essentially a middleman. It seems like that shouldn't be possible.

0:48:30.680 --> 0:48:34.560
<v Speaker 1>It seems like you're almost offering nothing just in the

0:48:34.640 --> 0:48:37.359
<v Speaker 1>way of getting off it. I wonder if this will

0:48:37.400 --> 0:48:40.799
<v Speaker 1>ever crash and burn in a page or two. I'm

0:48:40.840 --> 0:48:43.000
<v Speaker 1>pretty sure it's going. As the summer of two that's

0:48:43.000 --> 0:48:45.360
<v Speaker 1>an eighteen rolled on, there were increasing signs of trouble

0:48:45.560 --> 0:48:47.839
<v Speaker 1>within the company. One warning came out of what could

0:48:47.840 --> 0:48:51.440
<v Speaker 1>be plausibly described as Adam's good intentions, his desire to

0:48:51.480 --> 0:48:54.560
<v Speaker 1>ban the eating of meat, or at least the subsidizing

0:48:54.560 --> 0:48:56.759
<v Speaker 1>of the eating of meat by his company by exchanging

0:48:56.800 --> 0:49:00.839
<v Speaker 1>it for tequila from The Wall Street Journal When Mr

0:49:00.880 --> 0:49:04.560
<v Speaker 1>Neuman announced in July two, eighteen, via video call from Israel,

0:49:04.640 --> 0:49:06.719
<v Speaker 1>that the company was banning meat. Executives in New York

0:49:06.760 --> 0:49:09.560
<v Speaker 1>were caught off guard with little explanation from Mr. Neuman,

0:49:09.600 --> 0:49:12.480
<v Speaker 1>A group huddled around to determine a rationale. They settled

0:49:12.520 --> 0:49:14.920
<v Speaker 1>on sustainability and the mechanics of what would be banned

0:49:14.920 --> 0:49:18.200
<v Speaker 1>and how. They determined employees couldn't expense meals with meat

0:49:18.280 --> 0:49:20.000
<v Speaker 1>and that, but that they could eat it in company

0:49:20.040 --> 0:49:23.160
<v Speaker 1>offices so long as the company didn't pay. Former employees

0:49:23.160 --> 0:49:26.359
<v Speaker 1>say they have since seen Mr. Norman eat meat, so

0:49:26.400 --> 0:49:28.319
<v Speaker 1>he gets a hair up his ass that eating meat

0:49:28.360 --> 0:49:31.719
<v Speaker 1>is bad. Fine, I'm even out down with the idea

0:49:31.719 --> 0:49:33.400
<v Speaker 1>of a big company being like, we're not going to

0:49:33.480 --> 0:49:38.200
<v Speaker 1>use company money to support the ending of me anymore. Good? Fine? Uh,

0:49:38.680 --> 0:49:44.359
<v Speaker 1>but the aristocracy, yeah, exactly, Like the important thing here

0:49:44.440 --> 0:49:47.200
<v Speaker 1>is not the meat thing. It's the idea that like,

0:49:47.280 --> 0:49:49.520
<v Speaker 1>this guy has an idea, and now what is a

0:49:49.600 --> 0:49:52.359
<v Speaker 1>multi billion dollar company changes has to change on a dime,

0:49:52.719 --> 0:49:55.120
<v Speaker 1>And that's not good. But I honestly think he's like

0:49:55.200 --> 0:49:57.960
<v Speaker 1>not going far enough, like still letting people eat meat

0:49:57.960 --> 0:50:01.080
<v Speaker 1>in the office like that a living Yeah, I don't

0:50:01.080 --> 0:50:02.920
<v Speaker 1>know if here illegally do that. To be honest, yeah,

0:50:02.920 --> 0:50:04.759
<v Speaker 1>i'd probably. I don't know if you could legally stop

0:50:04.760 --> 0:50:06.719
<v Speaker 1>people on their lunch breaks from eating whatever they wanted.

0:50:06.920 --> 0:50:08.560
<v Speaker 1>Back when I worked at Group On, like people who

0:50:08.560 --> 0:50:11.840
<v Speaker 1>would you know the microwave fish stuff and that's just

0:50:11.840 --> 0:50:14.239
<v Speaker 1>been a complete disaster. Different but you couldn't stop them

0:50:14.400 --> 0:50:16.719
<v Speaker 1>eating fish. You just can't microwave it. Man. I'd like

0:50:16.800 --> 0:50:19.600
<v Speaker 1>to you know, what's fun about laws in America is

0:50:19.719 --> 0:50:22.960
<v Speaker 1>technically a lot of things you can't do, but you

0:50:23.080 --> 0:50:25.560
<v Speaker 1>just do it and people won't bother you. That is true.

0:50:25.840 --> 0:50:27.520
<v Speaker 1>And I have a story to tell you about him

0:50:27.560 --> 0:50:30.960
<v Speaker 1>as Chetti and Nap the bomb. But when we were

0:50:31.080 --> 0:50:34.120
<v Speaker 1>prepared to go public, they basically bribed the major exchanges

0:50:34.160 --> 0:50:36.319
<v Speaker 1>by promising to list on them if they would ban

0:50:36.400 --> 0:50:39.640
<v Speaker 1>meat and single use plastics from their cafeterias. The president

0:50:39.680 --> 0:50:42.160
<v Speaker 1>of the New York Stock Exchange agreed to cut out plastics,

0:50:42.160 --> 0:50:45.000
<v Speaker 1>but refused to remove meat. NASDAC turned them down, but

0:50:45.040 --> 0:50:47.400
<v Speaker 1>offered to create a new index the WEE fifty of

0:50:47.440 --> 0:50:52.080
<v Speaker 1>companies committed to sustainability. So that's okay, you're a big

0:50:52.760 --> 0:50:56.880
<v Speaker 1>hating on plastic and against that. That's fine, I'm absolutely

0:50:56.880 --> 0:50:59.279
<v Speaker 1>fine with that. But that with this dude, that's like,

0:51:00.120 --> 0:51:01.719
<v Speaker 1>and we're going to take the money we saved from

0:51:01.719 --> 0:51:04.560
<v Speaker 1>that and invest it in frocking like this, Yeah, funked up,

0:51:04.640 --> 0:51:06.839
<v Speaker 1>Like I have no trust in him. Yeah, And it's

0:51:06.880 --> 0:51:11.399
<v Speaker 1>it's a more of a like he agrees to cut

0:51:11.400 --> 0:51:15.840
<v Speaker 1>that requirement out off they create a Nasdaq index about

0:51:15.880 --> 0:51:19.200
<v Speaker 1>sustainable companies named after we Wreck. He's got to cut

0:51:19.200 --> 0:51:21.879
<v Speaker 1>it out with the WEE stuff. Yeah, I'm a big

0:51:21.880 --> 0:51:25.320
<v Speaker 1>fan of They rebranded the we essentially exting people for

0:51:25.440 --> 0:51:31.120
<v Speaker 1>climate justice. That's yeah, fine, I guess so. Uh. We

0:51:31.120 --> 0:51:32.880
<v Speaker 1>Work and getting off the ground at this point and

0:51:32.920 --> 0:51:35.560
<v Speaker 1>secured major investments because of its charismatic founder, but now

0:51:35.640 --> 0:51:38.240
<v Speaker 1>that the company had matured into a multibillion dollar enterprise,

0:51:38.280 --> 0:51:40.200
<v Speaker 1>it was still run as an extension of the personal

0:51:40.200 --> 0:51:43.760
<v Speaker 1>will of Adam Neuman. In November of two thousand eighteen,

0:51:44.360 --> 0:51:47.280
<v Speaker 1>Adam showed up late and profoundly hungover to a meeting

0:51:47.320 --> 0:51:51.240
<v Speaker 1>with Kaldoon Khalifa al Mubarik, the CEO and managing director

0:51:51.280 --> 0:51:54.719
<v Speaker 1>of the Sovereign Wealth Fund of Abu Dhabi. This was

0:51:54.760 --> 0:51:57.200
<v Speaker 1>a critical meeting. We Work was on track to lose

0:51:57.280 --> 0:51:59.480
<v Speaker 1>hundreds of millions of dollars that year, and Mubarak had

0:51:59.520 --> 0:52:01.319
<v Speaker 1>gotten nerves us about all the money that he had

0:52:01.360 --> 0:52:04.720
<v Speaker 1>gambled on the company's success. Adam's job at this meeting

0:52:05.080 --> 0:52:07.799
<v Speaker 1>was to reassure a Mubarik the fact that we Work

0:52:07.880 --> 0:52:10.600
<v Speaker 1>CEO couldn't stay sober long enough to take a meeting

0:52:10.640 --> 0:52:16.040
<v Speaker 1>worth potentially billions of dollars rightfully angered the board that

0:52:16.040 --> 0:52:18.759
<v Speaker 1>will happen. No, Eman couldn't have cared less. In the

0:52:18.800 --> 0:52:21.000
<v Speaker 1>summer of two eighteen, he'd worked out a deal with

0:52:21.080 --> 0:52:23.799
<v Speaker 1>Masayoshi and soft Bank to sell the bulk of we

0:52:23.920 --> 0:52:28.600
<v Speaker 1>Work stock to that company for sixteen billion dollars. This

0:52:28.640 --> 0:52:31.520
<v Speaker 1>is the only relatable thing that I've heard about, this

0:52:31.640 --> 0:52:35.840
<v Speaker 1>showing up to a meeting ngover Ngover, even though I've

0:52:35.880 --> 0:52:39.439
<v Speaker 1>never been sober in a meeting. All Right, I get

0:52:39.440 --> 0:52:42.920
<v Speaker 1>this guy a little bit at least, but it is like,

0:52:43.320 --> 0:52:46.760
<v Speaker 1>you know, I'm gonna be honest if there were billions

0:52:46.760 --> 0:52:49.120
<v Speaker 1>of dollars on the line and probably show up sober

0:52:49.120 --> 0:52:52.360
<v Speaker 1>to the meeting, probably, Yeah, I got a self destructive streak.

0:52:52.440 --> 0:52:54.320
<v Speaker 1>I think I would. I think part of me would

0:52:54.400 --> 0:52:57.319
<v Speaker 1>really want to tank this meeting on a on a

0:52:57.400 --> 0:52:59.560
<v Speaker 1>like important level, which is why I would never have

0:52:59.640 --> 0:53:02.600
<v Speaker 1>the meeting. I would sit staring at the bottle, but

0:53:02.760 --> 0:53:05.560
<v Speaker 1>thinking about all of the explosives that the billions of

0:53:05.560 --> 0:53:11.719
<v Speaker 1>dollar militias. I feel like buildings to toss people off. Absolutely,

0:53:12.440 --> 0:53:14.359
<v Speaker 1>I'll just be sitting in a meeting just being like,

0:53:15.400 --> 0:53:18.040
<v Speaker 1>I'm like the only person right now there's a chance

0:53:18.080 --> 0:53:23.080
<v Speaker 1>to assassinate you, should I do. If you had a

0:53:23.160 --> 0:53:26.840
<v Speaker 1>billion dollar meeting tomorrow, you'd show up drunk as ship

0:53:26.960 --> 0:53:30.080
<v Speaker 1>or hungover. But if you had to go through all

0:53:30.120 --> 0:53:32.279
<v Speaker 1>the steps that this dude has had to go through

0:53:32.400 --> 0:53:35.560
<v Speaker 1>to get there, there's a decent chance by then you'd

0:53:35.560 --> 0:53:37.080
<v Speaker 1>be like, all right, I'm gonna take this serious. I'm

0:53:37.080 --> 0:53:39.360
<v Speaker 1>gonna do take it seriously. This thing that like the

0:53:39.760 --> 0:53:42.080
<v Speaker 1>thing that I built for taking. You would become acclimated

0:53:42.160 --> 0:53:45.080
<v Speaker 1>to the cultright building. If you had a critical meeting

0:53:45.120 --> 0:53:48.239
<v Speaker 1>about your book, you would probably force yourself to be

0:53:48.280 --> 0:53:50.600
<v Speaker 1>in the kind of mind state to deal with Like

0:53:50.880 --> 0:53:54.319
<v Speaker 1>a publisher, you would hope so and if you and

0:53:54.360 --> 0:53:58.400
<v Speaker 1>if you didn't, that's true, that's true. And if you didn't,

0:53:58.840 --> 0:54:01.600
<v Speaker 1>that's a bad sign. Side. Yeah, I want to become

0:54:01.640 --> 0:54:04.759
<v Speaker 1>president of the world. I feel like, that's okay though, right, Robert,

0:54:04.760 --> 0:54:11.040
<v Speaker 1>where give me that brick ambition? Right? This is Chicago,

0:54:11.080 --> 0:54:15.040
<v Speaker 1>there should be bricks everywhere. City of Bricks. Yeah, that's

0:54:15.040 --> 0:54:19.839
<v Speaker 1>a nickname now. Uh so, yeah, No, Man had worked

0:54:19.840 --> 0:54:21.920
<v Speaker 1>out a plan with mass Ayoshi into this an eighteen

0:54:21.920 --> 0:54:23.680
<v Speaker 1>to sell the book of We Work stock for sixteen

0:54:23.719 --> 0:54:26.880
<v Speaker 1>billion dollars to soft Bank. Now, Vanity Fair says that

0:54:26.920 --> 0:54:30.360
<v Speaker 1>this was Annoyman's escape plan. Quote, he and his investors

0:54:30.360 --> 0:54:32.600
<v Speaker 1>would be insanely rich. This was a pivotal moment. A

0:54:32.600 --> 0:54:35.160
<v Speaker 1>form where we work executive or called Adam was acting

0:54:35.200 --> 0:54:37.160
<v Speaker 1>like the soft Bank deal was done and we would

0:54:37.160 --> 0:54:39.400
<v Speaker 1>be flushed with cash. So he was planning and again

0:54:39.440 --> 0:54:42.120
<v Speaker 1>like cashing out and escaping, which kind of hits the

0:54:42.239 --> 0:54:43.600
<v Speaker 1>fact that he doesn't believe any of this. He was

0:54:43.600 --> 0:54:45.000
<v Speaker 1>just trying to get a big enough investment that he

0:54:45.000 --> 0:54:47.520
<v Speaker 1>could get the funk out. That's the thing that these guys,

0:54:47.840 --> 0:54:50.400
<v Speaker 1>like every time we go through a story about these

0:54:50.480 --> 0:54:54.200
<v Speaker 1>types of guys, they're one failing is they take the

0:54:54.239 --> 0:54:57.240
<v Speaker 1>grift too far and they don't know when to just bail.

0:54:58.000 --> 0:55:00.760
<v Speaker 1>Like like with the guy we talked about, Alex Jones,

0:55:01.000 --> 0:55:03.400
<v Speaker 1>he should have just bailed a while back. He nailed

0:55:03.400 --> 0:55:06.080
<v Speaker 1>his grift, He got what he needed. Could have walked

0:55:06.120 --> 0:55:08.920
<v Speaker 1>away with the net worth five dollars way more than that,

0:55:09.160 --> 0:55:14.279
<v Speaker 1>ye minimum, Yeah, after after the election, probably could have. Yeah,

0:55:15.000 --> 0:55:18.400
<v Speaker 1>like at a great golden parachute. They're not capable to

0:55:18.520 --> 0:55:20.640
<v Speaker 1>get out, and they just don't do it because the

0:55:20.760 --> 0:55:23.120
<v Speaker 1>more smart none of them more smartest. Tom from my

0:55:23.200 --> 0:55:27.080
<v Speaker 1>Space no cash out, six hunt million bucks doesn't destroy democracy,

0:55:27.160 --> 0:55:29.520
<v Speaker 1>goes and retires. I got nothing against Tom. Did he

0:55:29.520 --> 0:55:32.520
<v Speaker 1>cash there for six hullion years? He did great, And

0:55:32.600 --> 0:55:37.200
<v Speaker 1>you know what, he didn't destroy democracy? Yeah anything. He

0:55:37.280 --> 0:55:42.040
<v Speaker 1>provided bands a way to share their mediocre music files. Yeah,

0:55:42.120 --> 0:55:45.799
<v Speaker 1>nobody's ever been like, oh man, my space really facilitated

0:55:45.840 --> 0:55:51.160
<v Speaker 1>the younger. Nobody hates Tom. He's rich as ship and

0:55:51.160 --> 0:55:54.320
<v Speaker 1>it's fine. You know what, though, you know, almost everybody

0:55:54.320 --> 0:55:56.279
<v Speaker 1>who was on my Space, who was old enough to

0:55:56.320 --> 0:55:58.400
<v Speaker 1>have been on it, has a negative opinion of him

0:55:58.440 --> 0:56:00.759
<v Speaker 1>because you were forced to be his friend, and we

0:56:00.760 --> 0:56:04.719
<v Speaker 1>should forgive him for that. You know what, I'll go

0:56:04.800 --> 0:56:07.600
<v Speaker 1>about and say, the only cool person worth hundreds of

0:56:07.600 --> 0:56:15.840
<v Speaker 1>millions of dollars Tom Tommy Tommy, So he's got the

0:56:15.920 --> 0:56:17.719
<v Speaker 1>soft bank deal. It doesn't matter that he shows up

0:56:17.800 --> 0:56:19.279
<v Speaker 1>hungover to a meeting with the head of the Abu

0:56:19.320 --> 0:56:22.160
<v Speaker 1>Dhabi Sovereign Wealth Fund. But then that soft bank deal

0:56:22.200 --> 0:56:25.239
<v Speaker 1>for sixteen billion dollars falls through because people other than

0:56:25.280 --> 0:56:28.080
<v Speaker 1>Masayoshi Sawn took a look at the company financials and

0:56:28.120 --> 0:56:30.920
<v Speaker 1>decided that we work, which was losing at this point

0:56:31.000 --> 0:56:34.320
<v Speaker 1>billions of dollars a year. Maybe he wasn't the best

0:56:34.360 --> 0:56:38.759
<v Speaker 1>way to invest sixteen billion dollars. Massa Yoshi agreed to

0:56:38.760 --> 0:56:41.480
<v Speaker 1>invest another two billion, but at the rate we weren't

0:56:41.880 --> 0:56:46.879
<v Speaker 1>burnstree now, which is still This is why I say

0:56:46.960 --> 0:56:52.040
<v Speaker 1>two things. Money isn't real and it's dumb as shit.

0:56:53.560 --> 0:56:56.560
<v Speaker 1>Ye don't listen, your company's fucked. Here's two billions, here's

0:56:56.600 --> 0:57:00.360
<v Speaker 1>two billion dollars. This is what happens when you have

0:57:00.360 --> 0:57:02.360
<v Speaker 1>a group of people around you who is willing to

0:57:02.400 --> 0:57:04.440
<v Speaker 1>say no to you. And then it was like, oh,

0:57:04.480 --> 0:57:06.239
<v Speaker 1>it's only two billion. I was like, never mind phones,

0:57:07.080 --> 0:57:12.040
<v Speaker 1>this guy stupid eat them all. So at the rate

0:57:12.080 --> 0:57:14.400
<v Speaker 1>we work burned through cash. Two billion dollars brought the

0:57:14.440 --> 0:57:18.080
<v Speaker 1>company eight months or something like that, eight nine months.

0:57:18.120 --> 0:57:20.120
<v Speaker 1>They lost one point three billion in the first six

0:57:20.160 --> 0:57:26.000
<v Speaker 1>months of this year. Eight months that's insane. Eight nine.

0:57:26.000 --> 0:57:28.960
<v Speaker 1>I'm not going to do the exact one point one

0:57:28.960 --> 0:57:31.160
<v Speaker 1>point three billion in six months, So eight nine months

0:57:31.200 --> 0:57:35.360
<v Speaker 1>seems fair. Um. Yeah, it's absurd um and less than

0:57:35.480 --> 0:57:42.160
<v Speaker 1>uber loses m Yeah. Now it's like real estate expenses, right,

0:57:42.240 --> 0:57:47.959
<v Speaker 1>Like it's leases leases. Other people will pay him lease

0:57:48.200 --> 0:57:50.920
<v Speaker 1>and he's giving them free rent in order to suck

0:57:50.960 --> 0:57:54.200
<v Speaker 1>them in. Yeah, but he just keeps giving free rents.

0:57:54.200 --> 0:57:57.320
<v Speaker 1>They just keep moving around. Business. It's a terrible business. Great,

0:57:58.480 --> 0:58:02.439
<v Speaker 1>that's a great, that's that's a that's a scheme. Yeh.

0:58:02.960 --> 0:58:06.600
<v Speaker 1>Ever he basically yeah, essentially in every way but the

0:58:06.680 --> 0:58:12.720
<v Speaker 1>legal way. Yeah, which is the best kind of scheme. Problem,

0:58:12.720 --> 0:58:14.480
<v Speaker 1>it does seem like he should be fired out of

0:58:14.480 --> 0:58:17.840
<v Speaker 1>a catapult for his crimes. Now. So again, the two

0:58:17.840 --> 0:58:21.400
<v Speaker 1>billion dollars just gave we worked months of breathing room,

0:58:21.560 --> 0:58:24.520
<v Speaker 1>not what they really needed. And so Adam started to

0:58:24.520 --> 0:58:26.640
<v Speaker 1>get desperate for more funding. And I'm gonna quote again

0:58:26.680 --> 0:58:32.480
<v Speaker 1>from Vanity Fair. So he started dog fighting. Yeah, and

0:58:32.560 --> 0:58:37.200
<v Speaker 1>this is where our sponsors, dog Fighter without any comes

0:58:37.240 --> 0:58:40.120
<v Speaker 1>into the product. Use code bastards on dog fighter and

0:58:40.120 --> 0:58:44.720
<v Speaker 1>you'll get all right, the quote from Vanity Fair. According

0:58:44.760 --> 0:58:47.880
<v Speaker 1>to sources, he pitched Apple CFO Luca Mastree on doing

0:58:47.920 --> 0:58:50.080
<v Speaker 1>a deal with we Work. It's unclear why Apple would

0:58:50.080 --> 0:58:52.040
<v Speaker 1>want to invest in we Work, and not surprisingly, the

0:58:52.120 --> 0:58:55.800
<v Speaker 1>company passed. Uh Norman went to Google and proposed a partnership,

0:58:55.960 --> 0:58:59.000
<v Speaker 1>They too passed. Noman batted around other investment ideas. He

0:58:59.000 --> 0:59:02.400
<v Speaker 1>early discussed buying Slack. He sat there saying, what companies

0:59:02.440 --> 0:59:05.240
<v Speaker 1>can we buy? Maybe we should buy Slack, A former

0:59:05.240 --> 0:59:08.200
<v Speaker 1>executive recalled. When no Himan returned to we Works New

0:59:08.280 --> 0:59:11.080
<v Speaker 1>York headquarters later that winter, he seemed desperate. He barked

0:59:11.200 --> 0:59:14.440
<v Speaker 1>orders and haphazardly reorganized divisions, at one point having as

0:59:14.440 --> 0:59:16.680
<v Speaker 1>many as twenty direct reports. According to a former we

0:59:16.760 --> 0:59:19.360
<v Speaker 1>Work executive, Massa said We're going to be a trillion

0:59:19.400 --> 0:59:22.120
<v Speaker 1>dollar company. He shouted, according to a former executive who

0:59:22.200 --> 0:59:25.000
<v Speaker 1>heard it, you're thinking billions and we should be thinking trillions.

0:59:25.040 --> 0:59:27.160
<v Speaker 1>You people need to be better than you are. New

0:59:27.240 --> 0:59:29.640
<v Speaker 1>Himan seems shocked by the scale if we Works losses.

0:59:29.920 --> 0:59:32.400
<v Speaker 1>Sources say he tangled with we Works then CFO Already

0:59:32.440 --> 0:59:35.200
<v Speaker 1>Menson over the cash squeeze. Menson declined to comment, but

0:59:35.240 --> 0:59:38.120
<v Speaker 1>a former senior executive said ne Himan drove the decision making.

0:59:38.440 --> 0:59:41.800
<v Speaker 1>Nothing could happen without Adam. Former executive said, ne Himan

0:59:41.840 --> 0:59:45.200
<v Speaker 1>often reacted poorly. You don't bring bad news to the

0:59:45.240 --> 0:59:50.120
<v Speaker 1>cult leader. One said, I've never heard that before. No

0:59:50.200 --> 0:59:55.400
<v Speaker 1>bute's making you know, making that that's pretty more than one. Yeah,

0:59:55.640 --> 0:59:58.600
<v Speaker 1>it's it's like that all phrase killed a messenger. That's

0:59:59.440 --> 1:00:05.280
<v Speaker 1>right us. It's one of those things where Steve Jobs

1:00:05.320 --> 1:00:07.880
<v Speaker 1>is a guy come back to a lot because, um,

1:00:07.920 --> 1:00:09.960
<v Speaker 1>he had a lot of this in him, but he

1:00:10.000 --> 1:00:13.240
<v Speaker 1>also had I guess it's a difference of they both

1:00:13.280 --> 1:00:15.280
<v Speaker 1>both ne Himan and Jobs have this kind of deep

1:00:15.320 --> 1:00:17.600
<v Speaker 1>understanding of the human psyche that allows them to manipulate

1:00:17.640 --> 1:00:20.880
<v Speaker 1>people in a profound way. Jobs uses it to figure

1:00:20.920 --> 1:00:22.960
<v Speaker 1>out something people want that they don't know they want,

1:00:23.360 --> 1:00:26.200
<v Speaker 1>and then deliver it and create changes the entire world.

1:00:26.240 --> 1:00:29.560
<v Speaker 1>The smartphone he knew before anyone else what exactly everyone

1:00:29.560 --> 1:00:31.400
<v Speaker 1>in the world wanted to carry in their pocket and

1:00:31.400 --> 1:00:34.640
<v Speaker 1>would addict them and everything. And he was right. Nor Himan,

1:00:35.240 --> 1:00:37.480
<v Speaker 1>he knows how to manipulate people, uses it to get

1:00:37.480 --> 1:00:40.680
<v Speaker 1>billions of dollars in investment, but provides nothing. Um, and

1:00:40.680 --> 1:00:42.280
<v Speaker 1>I'm not going to say what Jobs right is in

1:00:42.360 --> 1:00:45.520
<v Speaker 1>that good obviously because the smartphone is complicated, is ship

1:00:45.600 --> 1:00:48.440
<v Speaker 1>and ins of that. But at least it's a thing.

1:00:48.720 --> 1:00:51.160
<v Speaker 1>It's more you can't argue with it. Not it's not

1:00:51.200 --> 1:00:54.480
<v Speaker 1>a Ponzi game. It's not. It's it's maybe like Heroin,

1:00:54.560 --> 1:00:58.640
<v Speaker 1>but it's not a Ponzi s game. Yeah. This guy's

1:00:58.680 --> 1:01:02.600
<v Speaker 1>just a lot of ideas, Yeah, and mostly the idea

1:01:02.640 --> 1:01:05.960
<v Speaker 1>of how to convince investors. He's a made a little

1:01:05.960 --> 1:01:10.080
<v Speaker 1>Banny yah. Yeah. Still, there were bright spots for we

1:01:10.160 --> 1:01:12.800
<v Speaker 1>Work in two thousand eighteen. Earlier in that year, JP

1:01:12.960 --> 1:01:15.920
<v Speaker 1>Morgan had led a seven hundred million dollar bond offering

1:01:15.960 --> 1:01:18.479
<v Speaker 1>for we Work, while Adam's Charisma had started to fail

1:01:18.480 --> 1:01:22.080
<v Speaker 1>with Masayoshi had worked on JP Morgan's CEO, Jamie Diamond.

1:01:22.720 --> 1:01:24.760
<v Speaker 1>Jamie Diamond is a profound piece of ship. One of

1:01:24.800 --> 1:01:26.880
<v Speaker 1>the architects of the two thousand and eight elect h

1:01:26.920 --> 1:01:31.240
<v Speaker 1>financial crash, probably j first participation, No, of course not.

1:01:31.440 --> 1:01:35.280
<v Speaker 1>He's a CEO. Specifically that we held those people accountable

1:01:35.440 --> 1:01:37.480
<v Speaker 1>to make sure that it would never happen again. Now

1:01:37.520 --> 1:01:40.240
<v Speaker 1>we went to jail for the eventual dog fighting ring.

1:01:40.320 --> 1:01:45.760
<v Speaker 1>He ran with Annoyman and that's when Michael took Jamie

1:01:45.760 --> 1:01:49.200
<v Speaker 1>Demons Bank headed Diamond's Bank handed Adam a hundred million

1:01:49.240 --> 1:01:52.800
<v Speaker 1>dollar personal loan and a five million dollar personal credit line.

1:01:53.040 --> 1:01:55.560
<v Speaker 1>That's not that much for him though, right, like based

1:01:55.600 --> 1:01:58.840
<v Speaker 1>on too much, sure, but like you were saying, like

1:01:58.880 --> 1:02:01.480
<v Speaker 1>two billion dollars, he was worth four billion at this

1:02:01.520 --> 1:02:05.480
<v Speaker 1>point on paper, right, but he's also got seven million

1:02:05.520 --> 1:02:09.480
<v Speaker 1>dollars that he was the company, right, Yeah, that's tough.

1:02:10.480 --> 1:02:15.720
<v Speaker 1>I feel bad, like just being broke, uh way better,

1:02:15.960 --> 1:02:18.919
<v Speaker 1>but you're rich way better than that. When you're that broke.

1:02:19.200 --> 1:02:22.600
<v Speaker 1>It comes back around a ridge. Yeah, you know, that's

1:02:22.640 --> 1:02:26.200
<v Speaker 1>the way it works. For some reason. I remember I

1:02:26.280 --> 1:02:29.080
<v Speaker 1>played I played a SIM game. I remember when I

1:02:29.160 --> 1:02:32.160
<v Speaker 1>was like in my early teens. That was essentially like

1:02:32.400 --> 1:02:38.040
<v Speaker 1>creating an apartment building tower. I remember that so clearly,

1:02:38.040 --> 1:02:40.439
<v Speaker 1>and I was really good at it. And I feel

1:02:40.480 --> 1:02:42.640
<v Speaker 1>like I would run we work a lot better than

1:02:42.640 --> 1:02:44.720
<v Speaker 1>that if I just had a simisit well, because you

1:02:44.720 --> 1:02:46.880
<v Speaker 1>wouldn't try to make it everything. You would try to

1:02:46.960 --> 1:02:49.760
<v Speaker 1>run a very simple company that least's office space to

1:02:49.840 --> 1:02:54.040
<v Speaker 1>people that needed, which is fine. Knowing Jordan need to

1:02:54.080 --> 1:02:56.080
<v Speaker 1>put a movie theater in the basement where you're supposed

1:02:56.120 --> 1:02:58.680
<v Speaker 1>to put parking and they're just no. But you do

1:02:58.760 --> 1:03:02.720
<v Speaker 1>remove the fire escapes because that ship's expensive. Yeah, no,

1:03:02.920 --> 1:03:07.520
<v Speaker 1>and the extinguishers detectors, buildings don't catch on fire. If

1:03:07.560 --> 1:03:10.160
<v Speaker 1>I know one thing about Chicago history, it's that fires

1:03:10.200 --> 1:03:16.080
<v Speaker 1>never happened. It's all a myth. Is definitely real and

1:03:16.120 --> 1:03:21.080
<v Speaker 1>od up. Now, Adam was heard to brag to people

1:03:21.160 --> 1:03:23.280
<v Speaker 1>that Jamie Diamond, one of the architects again of the

1:03:23.320 --> 1:03:26.320
<v Speaker 1>financial crash, was now his personal banker and might soon

1:03:26.400 --> 1:03:30.520
<v Speaker 1>leave JP Morgan to run Adam's family investment office. Speaking

1:03:30.520 --> 1:03:33.280
<v Speaker 1>of family, Adam and started bragging that his children would

1:03:33.320 --> 1:03:35.920
<v Speaker 1>follow him as the leadership of we work. And speaking

1:03:35.960 --> 1:03:40.040
<v Speaker 1>of unfathomable nepotism, let's talk a little bit more about

1:03:40.040 --> 1:03:45.920
<v Speaker 1>Adam's relationship to Jared Kushner. They hung out of that fire.

1:03:46.280 --> 1:03:49.600
<v Speaker 1>They hung out a lot. See, it turns out that

1:03:49.600 --> 1:03:52.440
<v Speaker 1>the Neuman's and the kush clan are actually very close friends.

1:03:52.440 --> 1:03:56.800
<v Speaker 1>Don't call them that. That is what the clans Betsy

1:03:56.960 --> 1:04:00.680
<v Speaker 1>Davie's work with. They did body shots a lot. The

1:04:00.720 --> 1:04:04.000
<v Speaker 1>funk is going on is all evils surrounded by itself.

1:04:04.280 --> 1:04:07.880
<v Speaker 1>Prince ran security at the school. Yeah, and also did

1:04:07.920 --> 1:04:11.240
<v Speaker 1>body shots. Yeah, you came back to life just to

1:04:11.360 --> 1:04:16.520
<v Speaker 1>run thing now. Jered clearly believed in Adam's promised ability

1:04:16.560 --> 1:04:18.760
<v Speaker 1>to change the world. In the summer of two thousan eighteen,

1:04:18.760 --> 1:04:21.520
<v Speaker 1>We Work executives rather suddenly learned that Adam had been

1:04:21.560 --> 1:04:26.760
<v Speaker 1>drafted by Kushner to work on Ja Cush's Mideast peace plan.

1:04:27.240 --> 1:04:30.440
<v Speaker 1>I will Nouman had put We Works director of Development

1:04:30.560 --> 1:04:33.240
<v Speaker 1>Ronnie Behar, on the task of finding an advertising firm

1:04:33.280 --> 1:04:35.560
<v Speaker 1>to put together a video for Kushner about how an

1:04:35.600 --> 1:04:40.600
<v Speaker 1>economically revitalized West Bank and Gaza might look this. I

1:04:40.960 --> 1:04:44.440
<v Speaker 1>am never I'm never ever envious of their money. I

1:04:44.480 --> 1:04:47.680
<v Speaker 1>don't want I don't even understand a billion dollars. But

1:04:47.800 --> 1:04:52.080
<v Speaker 1>the confidence that it takes, the ridiculous, insane confidence that

1:04:52.120 --> 1:04:54.000
<v Speaker 1>it takes for you to be a shitty We Work

1:04:54.080 --> 1:04:56.760
<v Speaker 1>CEO and be like, I think you know what I'm

1:04:56.800 --> 1:05:01.720
<v Speaker 1>going to solved for the s an obviously sing company

1:05:01.800 --> 1:05:03.760
<v Speaker 1>and the son of a man who went to prison

1:05:03.840 --> 1:05:06.680
<v Speaker 1>for real estate scams. YEA, to sit kind, be like

1:05:06.920 --> 1:05:09.880
<v Speaker 1>you know this thousand, this this conflict. I think we

1:05:10.320 --> 1:05:11.680
<v Speaker 1>can deal with this year. I think we can bang

1:05:11.680 --> 1:05:13.680
<v Speaker 1>it on in four years. All I can think of

1:05:13.760 --> 1:05:17.120
<v Speaker 1>is like, do they do they like like each other?

1:05:17.680 --> 1:05:19.400
<v Speaker 1>I think, so, what do you think they didn't? I

1:05:19.400 --> 1:05:22.360
<v Speaker 1>think that's why he gets this this task part. Wonder

1:05:22.560 --> 1:05:24.800
<v Speaker 1>if they're even capable of liking each other. You know,

1:05:25.120 --> 1:05:30.520
<v Speaker 1>it seems like fraud. I mean, like, yeah, right, I

1:05:30.560 --> 1:05:35.280
<v Speaker 1>don't think so. I don't think. I think Trump maybe does.

1:05:35.520 --> 1:05:37.240
<v Speaker 1>I don't think. I don't. I don't know how much

1:05:37.280 --> 1:05:40.400
<v Speaker 1>he believes in himself. But I think Kushner is just

1:05:40.720 --> 1:05:43.720
<v Speaker 1>that deluded and dumb and has always been rich and

1:05:43.720 --> 1:05:47.600
<v Speaker 1>totally special. And I think I don't think. I think

1:05:47.760 --> 1:05:50.320
<v Speaker 1>might actually know he's a con artist. I really I

1:05:50.360 --> 1:05:52.960
<v Speaker 1>go back and forth on the guy. I think Kushner

1:05:53.080 --> 1:05:56.520
<v Speaker 1>really is genuine about his beliefs. I just think he's

1:05:56.560 --> 1:05:59.280
<v Speaker 1>stupid as ship. No. I think that I think Trump

1:05:59.480 --> 1:06:04.720
<v Speaker 1>is so analogous to Alex Jones that it's it's insane,

1:06:04.760 --> 1:06:07.200
<v Speaker 1>like that idea of you waffling back and forth like

1:06:07.520 --> 1:06:10.920
<v Speaker 1>is this guy stupid? Does he know? Is he insane?

1:06:11.160 --> 1:06:13.520
<v Speaker 1>What does he do? And I don't waffle on Kushner.

1:06:13.600 --> 1:06:17.000
<v Speaker 1>I think he's just never not been rich and has

1:06:17.280 --> 1:06:20.800
<v Speaker 1>no concept of reality. I think that I think that

1:06:20.840 --> 1:06:24.560
<v Speaker 1>about Kushner A lot of people around him I don't know.

1:06:24.680 --> 1:06:26.400
<v Speaker 1>Adam might be in the same boat, or he might

1:06:26.480 --> 1:06:29.000
<v Speaker 1>be like a literal sociopath. I really don't know with Adam,

1:06:29.040 --> 1:06:32.959
<v Speaker 1>but I think Kushner is just completely out of out

1:06:32.960 --> 1:06:36.600
<v Speaker 1>of reality. So sources close to Adam Noyman tend to

1:06:36.600 --> 1:06:38.959
<v Speaker 1>credit the four point four billion dollar infusion of soft

1:06:38.960 --> 1:06:41.320
<v Speaker 1>bank cash with inflating Adam's ego beyond the realm of

1:06:41.360 --> 1:06:45.600
<v Speaker 1>sanity in the what how could it not? How could

1:06:45.600 --> 1:06:48.000
<v Speaker 1>it not that that is fair? Like, of course that

1:06:48.040 --> 1:06:50.760
<v Speaker 1>would break you. If I got four point four billion dollars,

1:06:50.840 --> 1:06:55.280
<v Speaker 1>I would have a thousand tanks tomorrow. I hate journey

1:06:55.280 --> 1:06:57.280
<v Speaker 1>and I would make people dance around a fire journey

1:06:57.280 --> 1:07:00.880
<v Speaker 1>if something who wouldn't it's it's It is the equivalent

1:07:00.960 --> 1:07:04.000
<v Speaker 1>of giving someone a mental illness. To give that much money,

1:07:04.040 --> 1:07:09.040
<v Speaker 1>it's terrible for you. There's a lot of data on that. Um. Yeah,

1:07:09.080 --> 1:07:11.160
<v Speaker 1>the money in the international success. If we worked at him,

1:07:11.200 --> 1:07:13.960
<v Speaker 1>sit down meetings with world leaders, discussing the refugee crisis

1:07:13.960 --> 1:07:16.080
<v Speaker 1>and problems of peace and war with people like the

1:07:16.120 --> 1:07:20.680
<v Speaker 1>President of Canada. So what he does is least space. Yeah,

1:07:21.280 --> 1:07:24.400
<v Speaker 1>and now he is working with world leaders. Yes, on,

1:07:24.720 --> 1:07:27.280
<v Speaker 1>I assume the thing that he's an expert at leasing space,

1:07:27.800 --> 1:07:32.320
<v Speaker 1>solving the refugee crisis. Okay, that's very different that now, No, same,

1:07:32.440 --> 1:07:34.360
<v Speaker 1>not the same thing. See the reason all these people

1:07:34.360 --> 1:07:38.720
<v Speaker 1>are leaving Syria nothing not enough leases. But char al

1:07:38.760 --> 1:07:45.320
<v Speaker 1>Assad reduced the number of leaser arguments. Big thing was like,

1:07:45.600 --> 1:07:52.880
<v Speaker 1>there's no leases. He only guessed non least space right now.

1:07:53.520 --> 1:07:55.600
<v Speaker 1>One former executive claims, when Adam got in front of

1:07:55.600 --> 1:07:57.800
<v Speaker 1>world leaders, it was like he started thinking he was one.

1:07:58.240 --> 1:08:01.400
<v Speaker 1>And I'd like to quote now pularly bat shit insane

1:08:01.440 --> 1:08:05.880
<v Speaker 1>Gizmono article which covers Adam's ambitions as a global peacemaker,

1:08:06.280 --> 1:08:09.959
<v Speaker 1>and this might be the most deluded paragraph anyone's ever written.

1:08:10.000 --> 1:08:12.360
<v Speaker 1>The paragraph itself is not deluded, but what it's about

1:08:12.640 --> 1:08:16.040
<v Speaker 1>is so deluded. I can't fucking describe it. I will

1:08:16.080 --> 1:08:19.160
<v Speaker 1>ship and baby's mouth right now? Is that? No? But

1:08:19.240 --> 1:08:24.240
<v Speaker 1>you should put down your mic. In conversations with people

1:08:24.240 --> 1:08:27.240
<v Speaker 1>inside and outside the company, Norman's pronouncements became wilder. He

1:08:27.320 --> 1:08:29.760
<v Speaker 1>told one investor that he had convinced rama Manuel to

1:08:29.840 --> 1:08:33.439
<v Speaker 1>run for president on the we Work agenda. Emmanuel did

1:08:33.479 --> 1:08:36.439
<v Speaker 1>not respond to a request for common Norman told colleagues

1:08:36.439 --> 1:08:38.439
<v Speaker 1>that he was saving the women of Saudi Arabia by

1:08:38.479 --> 1:08:41.080
<v Speaker 1>working with Crown Prince Mohammed been Salmon to offer women

1:08:41.120 --> 1:08:44.439
<v Speaker 1>coating classes. According to a source, in another meeting, Norman

1:08:44.520 --> 1:08:47.360
<v Speaker 1>said three people were going to save the world. Ben Salmon,

1:08:47.560 --> 1:08:51.640
<v Speaker 1>Jared Kushner and Norman. Shortly after the news broken October

1:08:51.720 --> 1:08:55.160
<v Speaker 1>two thousand and eighteen that Saudi agents tortured dissident and

1:08:55.240 --> 1:08:58.759
<v Speaker 1>Washington Post columnist Jamal ka Shogi and carved his body

1:08:58.760 --> 1:09:01.160
<v Speaker 1>with a bone saw, likely on order from the Crown

1:09:01.200 --> 1:09:04.759
<v Speaker 1>Prince himself, no Himan told George W. Bush's former national

1:09:04.760 --> 1:09:07.720
<v Speaker 1>security advisor, Stephen Hadley that everything could be worked out

1:09:07.720 --> 1:09:11.519
<v Speaker 1>if Ben Salmon had the right mentor. Confused, Hadley asked

1:09:11.560 --> 1:09:14.360
<v Speaker 1>who that person might be. According to a source familiar

1:09:14.400 --> 1:09:17.479
<v Speaker 1>with the meeting, no Himan passed for a moment and said, me,

1:09:20.200 --> 1:09:24.400
<v Speaker 1>you are on a special level of deluded George W.

1:09:24.640 --> 1:09:27.680
<v Speaker 1>Bush's former national security advisors, like, this guy is a

1:09:27.720 --> 1:09:32.360
<v Speaker 1>fucking idiot. I always killed hundreds of millions of people.

1:09:32.520 --> 1:09:39.439
<v Speaker 1>This hundred nuts. Honestly, I believe that rom part though, Yeah,

1:09:39.439 --> 1:09:42.559
<v Speaker 1>that's that's within the rama. Believable. We work agenda within

1:09:42.600 --> 1:09:50.760
<v Speaker 1>the rama. He wanted to be Ben Salmon's mentor that

1:09:50.760 --> 1:09:54.880
<v Speaker 1>that dude, terrible guy but not an idiot, would ship

1:09:55.080 --> 1:09:59.760
<v Speaker 1>him out. Like Adam spent the first half of twenty

1:09:59.840 --> 1:10:02.040
<v Speaker 1>nine team preparing for we worked long awaited I p O.

1:10:02.360 --> 1:10:04.719
<v Speaker 1>In the startup world, initial public offerings are the stuff

1:10:04.720 --> 1:10:07.200
<v Speaker 1>of legend. When Apple went public, it created hundreds of

1:10:07.200 --> 1:10:10.519
<v Speaker 1>millionaires in a matter of minutes. Even the secretary got rich.

1:10:10.880 --> 1:10:14.200
<v Speaker 1>Google's ibri oh brought even more multimillionaires into the world

1:10:14.560 --> 1:10:17.120
<v Speaker 1>employees if we were clearly expected their i PO would

1:10:17.120 --> 1:10:20.759
<v Speaker 1>bring the same windfall. CEO Adam Neuman showed no outward

1:10:20.800 --> 1:10:23.479
<v Speaker 1>signs of worry his company even valued at forty seven

1:10:23.520 --> 1:10:25.439
<v Speaker 1>billion dollars earlier in the year, the fact that he

1:10:25.439 --> 1:10:28.679
<v Speaker 1>hoped would bring even more VC money in and ideally

1:10:28.720 --> 1:10:31.040
<v Speaker 1>convinced Soft Bank that we worked was safe to keep

1:10:31.040 --> 1:10:34.040
<v Speaker 1>pumping money into. And who would will convince any of

1:10:34.080 --> 1:10:38.280
<v Speaker 1>my not convinced listeners money isn't real and as dumb

1:10:38.320 --> 1:10:41.080
<v Speaker 1>as shit? What kind of what kind of person is

1:10:41.600 --> 1:10:48.839
<v Speaker 1>forty seven billion dollars? That's that's an insane number. It's

1:10:48.880 --> 1:10:54.240
<v Speaker 1>it's it's idiotic. It is an idiotic number. Yeah, twelve

1:10:54.320 --> 1:10:59.600
<v Speaker 1>thousand people who I don't know what they're doing picking lamps.

1:10:59.600 --> 1:11:05.439
<v Speaker 1>It is its enables these lunatics. The entire system is

1:11:05.600 --> 1:11:09.439
<v Speaker 1>built by them and I but there has to be

1:11:09.479 --> 1:11:12.880
<v Speaker 1>something grunt worker at one of these moodies or whatever.

1:11:12.960 --> 1:11:17.240
<v Speaker 1>It's just like they're not worth as much, guys. And

1:11:17.280 --> 1:11:20.599
<v Speaker 1>then the top Yeah, I think all of the grunt

1:11:20.640 --> 1:11:22.920
<v Speaker 1>workers are like, yeah, this grift hang gonna last long

1:11:24.040 --> 1:11:27.120
<v Speaker 1>that I'm gonna get my nineteen dollars an hour. Look

1:11:27.160 --> 1:11:36.320
<v Speaker 1>at these assholes. Yeah. So the reality of we work

1:11:36.400 --> 1:11:39.680
<v Speaker 1>success was less attractive than the forty seven billion dollar valuation.

1:11:40.040 --> 1:11:42.519
<v Speaker 1>By two en more than twelve billion dollars of venture

1:11:42.560 --> 1:11:45.080
<v Speaker 1>capital and debt had been pumped into the company and lost.

1:11:45.640 --> 1:11:47.960
<v Speaker 1>And while it's true that we works revenue had doubled

1:11:48.000 --> 1:11:50.160
<v Speaker 1>every year and also lost hundreds of millions of dollars

1:11:50.160 --> 1:11:52.680
<v Speaker 1>per year and eventually billions of dollars per year, and

1:11:52.680 --> 1:11:56.479
<v Speaker 1>there were no signs of this trend debating. On September eighteen, nineteen,

1:11:56.520 --> 1:11:59.120
<v Speaker 1>the Wall Street Journal published a massive expose a on

1:11:59.280 --> 1:12:02.600
<v Speaker 1>we Work, revealing details about its toxic internal culture and,

1:12:02.960 --> 1:12:06.759
<v Speaker 1>more worryingly to the suits, details about Adam's own self dealing.

1:12:07.160 --> 1:12:09.640
<v Speaker 1>The report based in part on the August filing his

1:12:09.640 --> 1:12:11.680
<v Speaker 1>employees had made to the SEC as part of the

1:12:11.720 --> 1:12:14.360
<v Speaker 1>I p O process revealed that Adam had taken out

1:12:14.400 --> 1:12:17.040
<v Speaker 1>more than seven and forty million dollars in personal loans

1:12:17.040 --> 1:12:20.280
<v Speaker 1>on his company's stock. Since Adam was dyslexic, he had

1:12:20.320 --> 1:12:22.559
<v Speaker 1>to have his advisers brief among the revelations and the

1:12:22.600 --> 1:12:24.920
<v Speaker 1>story while he huddled with his people to work at

1:12:24.920 --> 1:12:27.960
<v Speaker 1>a response to the damning article, investors and board members

1:12:27.960 --> 1:12:30.960
<v Speaker 1>called for him to step down. Adam was initially defiant,

1:12:31.080 --> 1:12:34.200
<v Speaker 1>telling one colleague, I'm never not going to be CEO,

1:12:34.960 --> 1:12:37.760
<v Speaker 1>but that was not in his hands anymore. We Work

1:12:37.880 --> 1:12:40.400
<v Speaker 1>CFO held a conference call with the board of directors

1:12:40.400 --> 1:12:43.439
<v Speaker 1>and said that Adam had to step down. Jamie Diamond

1:12:43.520 --> 1:12:46.120
<v Speaker 1>soon joined the consensus, arguing that We Work would never

1:12:46.160 --> 1:12:48.880
<v Speaker 1>get investors to pump in more money. While Neuman was CEO,

1:12:49.479 --> 1:12:53.320
<v Speaker 1>the company that had been worth forty seven billion dollars

1:12:53.320 --> 1:12:56.920
<v Speaker 1>mere weeks ago now teetered on the edge of bankruptcy.

1:12:57.120 --> 1:12:59.800
<v Speaker 1>In the end, Adam stepped down. His wife was for

1:13:00.120 --> 1:13:03.400
<v Speaker 1>to leave the company too, but don't worry about them.

1:13:03.479 --> 1:13:05.920
<v Speaker 1>They walked away with a severance package worth roughly one

1:13:05.960 --> 1:13:08.400
<v Speaker 1>and a half billion dollars and she's still a license

1:13:09.240 --> 1:13:17.000
<v Speaker 1>and a licensed certified excuse me, very different. Who's the

1:13:17.080 --> 1:13:20.280
<v Speaker 1>licensing board for yos? I mean she knows the Dollai

1:13:20.360 --> 1:13:25.720
<v Speaker 1>Lama she was at his birthday. Yeah, uh massa yo

1:13:25.800 --> 1:13:28.000
<v Speaker 1>she saw agreed to pump another nine and a half

1:13:28.040 --> 1:13:31.559
<v Speaker 1>billion dollars until we Work as a rescue package. All

1:13:31.600 --> 1:13:34.800
<v Speaker 1>talk of exponential growth and world conquest were gone, though

1:13:35.320 --> 1:13:38.639
<v Speaker 1>We Grow was shuddered suddenly, leaving dozens of wealthy parents

1:13:38.640 --> 1:13:41.639
<v Speaker 1>with no fancy school to send their children to. Many

1:13:41.680 --> 1:13:45.839
<v Speaker 1>were presumably forced to go with avert your eyes, gentlemen,

1:13:47.040 --> 1:13:51.160
<v Speaker 1>public schools, since the best private schools all have long

1:13:51.160 --> 1:13:55.000
<v Speaker 1>waiting lists. Four thousand employees, one third of we Works workforce,

1:13:55.200 --> 1:13:58.160
<v Speaker 1>were laid off. More layoffs are likely to come. And

1:13:58.200 --> 1:14:00.680
<v Speaker 1>that is more or less where things in now and

1:14:00.680 --> 1:14:03.559
<v Speaker 1>I'm vaporized. More than ten and a half billion dollars,

1:14:03.880 --> 1:14:07.000
<v Speaker 1>stole another one point five billion dollars, put thousands of

1:14:07.000 --> 1:14:09.679
<v Speaker 1>people out of jobs, and raise the costs of real

1:14:09.800 --> 1:14:14.040
<v Speaker 1>estate in cities throughout the globe. Yeah, that's that's a

1:14:14.560 --> 1:14:17.080
<v Speaker 1>that's a little side effect of this that oh yeah,

1:14:17.680 --> 1:14:23.240
<v Speaker 1>that gets sort of under recognized. Well, the part where. Yeah,

1:14:24.320 --> 1:14:26.840
<v Speaker 1>so like even as this collapses, all the people who

1:14:26.840 --> 1:14:29.320
<v Speaker 1>would have used the space or we're using it before

1:14:30.040 --> 1:14:33.679
<v Speaker 1>now it might be prohibitive for them before the landlords

1:14:33.680 --> 1:14:36.840
<v Speaker 1>are going to collapse, which isn't my primary worry. But

1:14:38.240 --> 1:14:45.320
<v Speaker 1>still compared to him, people who operated reasonably legitimate businesses. Um,

1:14:45.360 --> 1:14:50.000
<v Speaker 1>it's just a lot of human shrapnel in the wake

1:14:50.040 --> 1:14:51.920
<v Speaker 1>of this. But he's got a billion and a half dollars.

1:14:52.040 --> 1:14:59.080
<v Speaker 1>Good for him, No, not no, no bad So, Jordan,

1:14:59.120 --> 1:15:01.240
<v Speaker 1>I want to tell you about dream I have. It's

1:15:01.240 --> 1:15:04.799
<v Speaker 1>a dream of a group of people, group of human beings,

1:15:05.960 --> 1:15:10.680
<v Speaker 1>pushing for the greatest potential, vibrating off of one another, positive, positive,

1:15:10.840 --> 1:15:18.080
<v Speaker 1>positive vibration. We got machetes, we got machetes. We're all drunk,

1:15:18.560 --> 1:15:22.160
<v Speaker 1>really drunk, and we're just we're just shoving noumans off

1:15:22.160 --> 1:15:25.400
<v Speaker 1>the buildings, just right off the top, maybe a cushioner

1:15:25.479 --> 1:15:30.559
<v Speaker 1>or two. Right now. I have a personal sense of

1:15:30.560 --> 1:15:35.080
<v Speaker 1>morality that I believe for crewe you'll you'll learn to

1:15:35.120 --> 1:15:38.160
<v Speaker 1>subsume that to the group. Just let that go for

1:15:38.200 --> 1:15:40.040
<v Speaker 1>a little one. There you go. I feel like a

1:15:40.120 --> 1:15:43.479
<v Speaker 1>temporary suspension of morality is fine when now we all

1:15:43.520 --> 1:15:46.000
<v Speaker 1>got to shave our heads. We live in yurts. These

1:15:46.000 --> 1:15:50.040
<v Speaker 1>are all key aspects. Do I get to push him myself? Yes?

1:15:50.240 --> 1:15:53.160
<v Speaker 1>What if? What if I were to tell you you'll

1:15:53.200 --> 1:15:57.479
<v Speaker 1>get cubicle on Mars? Oh yeah, this ins in Mars?

1:15:57.560 --> 1:16:02.120
<v Speaker 1>Ye quite questions? Yeah oxygen, no, but you won't need

1:16:02.160 --> 1:16:05.960
<v Speaker 1>it by the time we get there. Yeah, the kids

1:16:06.040 --> 1:16:11.920
<v Speaker 1>provide the oxygen. I'll take the deal. So, gentlemen, this

1:16:11.960 --> 1:16:14.679
<v Speaker 1>is the Adam Neuman story. An asshole who did nothing

1:16:14.720 --> 1:16:18.599
<v Speaker 1>but scam people. Seems fell apart pretty recently. It seems

1:16:19.040 --> 1:16:21.479
<v Speaker 1>just within the last couple of weeks. I do like

1:16:21.600 --> 1:16:25.000
<v Speaker 1>his meteoric rise and fall to only having one point

1:16:25.040 --> 1:16:28.800
<v Speaker 1>five billion dollars really a tragedy. We should subsidize an

1:16:28.800 --> 1:16:32.600
<v Speaker 1>extra couple of billion. Yeah. Absolutely, where's Massa Yoshi with

1:16:32.640 --> 1:16:38.000
<v Speaker 1>that sixteen billion dollars? H Hen I've got something to

1:16:38.040 --> 1:16:41.760
<v Speaker 1>sell him, and it's called regularly and it's like the

1:16:41.800 --> 1:16:43.759
<v Speaker 1>Massa Yoshi. The whole reason he has all that money

1:16:43.800 --> 1:16:45.320
<v Speaker 1>is that he invested a bunch of money in a'll

1:16:45.360 --> 1:16:47.760
<v Speaker 1>Li Baba back when it was tiny and one of

1:16:47.800 --> 1:16:50.760
<v Speaker 1>the biggest things ever. But like, clearly he's a dumb

1:16:50.800 --> 1:16:52.600
<v Speaker 1>guy who got lucky once I'd tell him that to

1:16:52.680 --> 1:16:54.400
<v Speaker 1>his face, I think you're dumb. I don't think you're

1:16:54.479 --> 1:16:56.760
<v Speaker 1>very smart. You get taken in by this ship that's

1:16:56.920 --> 1:16:59.840
<v Speaker 1>crowd fund an opportunity for Robert to tell him to

1:17:02.560 --> 1:17:04.800
<v Speaker 1>more people need to do that to these people. I

1:17:04.840 --> 1:17:07.880
<v Speaker 1>watched the documentary recently. I was in UM. I was

1:17:07.880 --> 1:17:11.080
<v Speaker 1>in Amsterdam, UH and I had an attend an opportunity

1:17:11.120 --> 1:17:14.160
<v Speaker 1>to attend a movie at the documentary festival that they

1:17:14.160 --> 1:17:16.760
<v Speaker 1>hold there, and it was a documentary about the World

1:17:16.840 --> 1:17:19.479
<v Speaker 1>Economic Forum in Davos, and it was the kind of

1:17:19.520 --> 1:17:22.599
<v Speaker 1>thing where as I was giving it, UM, we found

1:17:22.600 --> 1:17:26.360
<v Speaker 1>out that like uh, I think Cloud Schwab, the guy

1:17:26.400 --> 1:17:29.519
<v Speaker 1>who founded it, was like like three rows behind us

1:17:29.520 --> 1:17:30.880
<v Speaker 1>in the room and stuff, like they did a Q

1:17:30.960 --> 1:17:33.559
<v Speaker 1>and A with them afterwards. But this documentary, which will

1:17:33.600 --> 1:17:36.400
<v Speaker 1>be I think out for the general public sooner, is

1:17:36.479 --> 1:17:38.759
<v Speaker 1>very much worth watching UM. And it's about like behind

1:17:38.760 --> 1:17:40.840
<v Speaker 1>the scenes at Davos, the first one that's been able

1:17:40.880 --> 1:17:42.759
<v Speaker 1>to do that. So it's really a lot of interesting stuff,

1:17:42.760 --> 1:17:44.759
<v Speaker 1>a lot of kind of like you get a feel

1:17:44.800 --> 1:17:49.120
<v Speaker 1>for these people as human beings and what they actually believe. UM,

1:17:49.160 --> 1:17:52.920
<v Speaker 1>I mean they are that's the problem. UM So there's

1:17:52.960 --> 1:17:57.280
<v Speaker 1>a great moment in it where the head of green

1:17:57.360 --> 1:18:02.599
<v Speaker 1>Peace confronts Gyr bolson Yaro in a in a like

1:18:02.800 --> 1:18:06.800
<v Speaker 1>a suare sort of thing about ostensibly like she's talking

1:18:06.800 --> 1:18:08.080
<v Speaker 1>to the whole thing about how she wants to like

1:18:08.160 --> 1:18:10.120
<v Speaker 1>confront him and these other people with their damage to

1:18:10.160 --> 1:18:12.360
<v Speaker 1>the climate. And she gets a chance to and she

1:18:12.439 --> 1:18:15.160
<v Speaker 1>basically says like, well, you know, we're looking at what

1:18:15.160 --> 1:18:18.120
<v Speaker 1>you're gonna do the Amazon, like everybody's watching, and then

1:18:18.160 --> 1:18:20.439
<v Speaker 1>walks away and Jerry like clearly doesn't give a ship,

1:18:20.600 --> 1:18:22.479
<v Speaker 1>like doesn't have the least impact on her, and all

1:18:22.520 --> 1:18:24.240
<v Speaker 1>of her friends are like, I can't believe how brave

1:18:24.280 --> 1:18:26.160
<v Speaker 1>you are. You're so brave, you did this great thing,

1:18:26.720 --> 1:18:29.840
<v Speaker 1>and like that's the fucking problem. Like if you go

1:18:30.080 --> 1:18:31.560
<v Speaker 1>if you go up to Jai, your bolson Yarrow and

1:18:31.560 --> 1:18:33.360
<v Speaker 1>you don't have a lining of questioning that's going to

1:18:33.479 --> 1:18:36.960
<v Speaker 1>make him awkward, bottle him, hit him in the face

1:18:37.000 --> 1:18:40.799
<v Speaker 1>of the bottle. Nobody does that to these people. Nobody

1:18:40.880 --> 1:18:44.320
<v Speaker 1>bottles him. Nobody bottle that is true. I will, I

1:18:44.320 --> 1:18:46.559
<v Speaker 1>will back you up, and that no one does do that.

1:18:48.200 --> 1:18:49.800
<v Speaker 1>What do y'all, what do y'all? What do y'all think

1:18:49.800 --> 1:18:52.200
<v Speaker 1>at the end of this, I don't know. It's it's interesting,

1:18:52.400 --> 1:18:55.439
<v Speaker 1>like I when you whenever you hear a story like

1:18:55.479 --> 1:18:59.000
<v Speaker 1>this about somebody who like there's a like real like

1:18:59.120 --> 1:19:01.880
<v Speaker 1>not terrible and he's got a billion dollars although that

1:19:02.000 --> 1:19:05.439
<v Speaker 1>is terrible, but like whenever there's a big fall, it's

1:19:05.439 --> 1:19:07.960
<v Speaker 1>just so clear over and over, like there's so many

1:19:08.000 --> 1:19:10.120
<v Speaker 1>times at which where there should have been like, hey,

1:19:10.240 --> 1:19:14.360
<v Speaker 1>you said you wanted sucking offices on Mars. You you

1:19:14.479 --> 1:19:17.160
<v Speaker 1>want to be president of the world. There's like indications

1:19:17.200 --> 1:19:19.360
<v Speaker 1>along the way they're like someone should have stepped in,

1:19:19.439 --> 1:19:21.360
<v Speaker 1>and just we have a system that's based on no

1:19:21.400 --> 1:19:25.280
<v Speaker 1>one ever stepping in. Like as long as the pretense

1:19:25.720 --> 1:19:29.880
<v Speaker 1>is there in the appearances of um, you know, like

1:19:29.960 --> 1:19:32.560
<v Speaker 1>this is moving in the right direction, people are profiting

1:19:32.560 --> 1:19:35.840
<v Speaker 1>off it that then there's no incentive to be like, hey,

1:19:35.960 --> 1:19:39.920
<v Speaker 1>you seem um like you're acting out here. There's something

1:19:39.920 --> 1:19:44.599
<v Speaker 1>there's something you're acting out that we should probably deal with.

1:19:45.360 --> 1:19:47.160
<v Speaker 1>We just let it happen and then it just plays

1:19:47.280 --> 1:19:51.080
<v Speaker 1>its course and everyone gets hurt. That's how I feel. Anyway,

1:19:51.280 --> 1:19:54.120
<v Speaker 1>the way I view it is because I'm trying to

1:19:54.520 --> 1:19:58.400
<v Speaker 1>exist in the present without losing my mind. Um So,

1:19:58.479 --> 1:20:00.599
<v Speaker 1>the way I view it tends to our like trying

1:20:00.600 --> 1:20:03.400
<v Speaker 1>to find a historical context to all of this stuff.

1:20:03.600 --> 1:20:07.799
<v Speaker 1>And these types of lunatic grifters have been around since

1:20:07.840 --> 1:20:12.160
<v Speaker 1>the fucking beginning. It's only the scale that has gotten larger.

1:20:12.720 --> 1:20:16.400
<v Speaker 1>So I never know if this shared imaginary idea of

1:20:16.479 --> 1:20:20.040
<v Speaker 1>forty seven billion dollars which just doesn't exist, it's like

1:20:20.080 --> 1:20:23.280
<v Speaker 1>it's just an imaginary, it's just fantasy. Yeah, yeah, So

1:20:23.760 --> 1:20:26.720
<v Speaker 1>it's not like that's too much different from so many

1:20:26.760 --> 1:20:32.080
<v Speaker 1>you know, like obviously the stock exchange crash, because all

1:20:32.120 --> 1:20:34.880
<v Speaker 1>of that ship was imaginary. To go back further and

1:20:34.920 --> 1:20:38.280
<v Speaker 1>you get to so many different times the economy collapsed

1:20:38.280 --> 1:20:41.559
<v Speaker 1>in London because that was all imaginary too, like all

1:20:41.600 --> 1:20:44.080
<v Speaker 1>of this ship. And the only thing that's changed though,

1:20:44.160 --> 1:20:47.600
<v Speaker 1>is that now a company like we Work is influencing

1:20:47.680 --> 1:20:51.960
<v Speaker 1>some dumb guy who invested in Ali Baba along with NBS,

1:20:52.040 --> 1:20:55.280
<v Speaker 1>and now he's given power to help solve the Middle

1:20:55.320 --> 1:20:58.160
<v Speaker 1>East peace. Price seems qualified, you know, like it used

1:20:58.200 --> 1:21:02.040
<v Speaker 1>to be contential guy just sucked up the people in

1:21:02.080 --> 1:21:06.360
<v Speaker 1>the financial world died, not like sucking the entirety of

1:21:06.760 --> 1:21:08.720
<v Speaker 1>this part of the problem. With our system is that

1:21:08.760 --> 1:21:11.360
<v Speaker 1>if you're good at one thing and that one thing

1:21:11.479 --> 1:21:14.639
<v Speaker 1>allows you to make money, then we decide you're good

1:21:14.640 --> 1:21:17.400
<v Speaker 1>at everything, because money is really the only thing that matters.

1:21:17.400 --> 1:21:21.000
<v Speaker 1>So you get to control healthcare, you get to control

1:21:21.080 --> 1:21:24.320
<v Speaker 1>foreign policy, you get to pick where the army guys go.

1:21:24.600 --> 1:21:26.600
<v Speaker 1>I mean, how different is it like the idea that

1:21:26.640 --> 1:21:29.679
<v Speaker 1>this guy is having conversations about foreign policy? How different

1:21:29.720 --> 1:21:32.919
<v Speaker 1>is it? Then Trump was a landlord and is now president.

1:21:32.960 --> 1:21:35.240
<v Speaker 1>How how different is it than a king? Yeah, this

1:21:35.360 --> 1:21:38.000
<v Speaker 1>guy's parents were the king, so now he's in charge

1:21:38.000 --> 1:21:40.599
<v Speaker 1>of the army. Yeah. And what was the original reality

1:21:40.600 --> 1:21:44.120
<v Speaker 1>show but the Royalty. It's smarter than the monarchy, but

1:21:44.160 --> 1:21:48.080
<v Speaker 1>not a lot. The original reality show might have been Royalty.

1:21:48.240 --> 1:21:50.479
<v Speaker 1>But the one that will change the game is you

1:21:50.640 --> 1:21:53.680
<v Speaker 1>getting tricked by every cult leader and really want to

1:21:53.800 --> 1:21:56.400
<v Speaker 1>That would be a great I want to find out

1:21:56.680 --> 1:21:59.160
<v Speaker 1>it's one of those like I want to against the best,

1:21:59.200 --> 1:22:01.719
<v Speaker 1>would fail every Yes, that's the problem. You just need

1:22:01.720 --> 1:22:04.840
<v Speaker 1>to reduce those people. I want to enter the pushing

1:22:04.880 --> 1:22:08.040
<v Speaker 1>them off a building. Okay, here's here's my new pitch. Right, Okay,

1:22:08.240 --> 1:22:11.280
<v Speaker 1>if I don't get taken in by the cult, later

1:22:11.760 --> 1:22:14.160
<v Speaker 1>I get all of their money and power. Let's raise

1:22:14.240 --> 1:22:16.920
<v Speaker 1>the stakes for both of us. You can't have their

1:22:16.960 --> 1:22:23.560
<v Speaker 1>power because you're constitutionally incapable from doing the emotional equivalent

1:22:23.560 --> 1:22:26.519
<v Speaker 1>of raping people, which is what cult leaders do. And

1:22:26.600 --> 1:22:30.760
<v Speaker 1>their money isn't real. Yeah, sometimes it is. Sometimes it

1:22:30.880 --> 1:22:36.719
<v Speaker 1>is Hubbard's that ship, it's my motherfucker had real lucra.

1:22:38.360 --> 1:22:40.479
<v Speaker 1>He owed it all to somebody else. He just kept it,

1:22:40.960 --> 1:22:45.800
<v Speaker 1>didn't tricked them into giving him stack. None of these

1:22:45.800 --> 1:22:50.560
<v Speaker 1>guys are as good as lr H. He's success the

1:22:50.840 --> 1:22:57.800
<v Speaker 1>ones on what was it Operation White White Snow White.

1:22:58.160 --> 1:22:59.599
<v Speaker 1>I was more a fan of the time he made

1:22:59.600 --> 1:23:04.000
<v Speaker 1>his own at Navy Retinue. God, I love l Ron Hubbard.

1:23:05.280 --> 1:23:10.280
<v Speaker 1>You can't not love the guy to the Admiral Andy

1:23:10.360 --> 1:23:13.000
<v Speaker 1>Daly is l Ron Hubbard nol Ron Hubbard should burn

1:23:13.000 --> 1:23:18.360
<v Speaker 1>in hell twice. We're gonna end this episode ignoring Jordan's

1:23:18.360 --> 1:23:22.120
<v Speaker 1>statement with a statement of our undying love to l

1:23:22.200 --> 1:23:27.680
<v Speaker 1>Ron Hubbard and uh some plugs. We we do a

1:23:27.720 --> 1:23:31.320
<v Speaker 1>podcast called Knowledge Fight about Jux Jones. We put out

1:23:31.360 --> 1:23:35.200
<v Speaker 1>too much content. People can find it by googling, uh

1:23:35.280 --> 1:23:37.479
<v Speaker 1>knowledge Fight dot com or website, and you know we're

1:23:37.479 --> 1:23:42.160
<v Speaker 1>on iTunes and all that stuff on Twitter at Knowledge, Underscore,

1:23:42.240 --> 1:23:47.679
<v Speaker 1>Fight and I am Jordan's um a comedian. Uh Still,

1:23:48.160 --> 1:23:52.320
<v Speaker 1>technically speaking, I am not busy, so go ahead and

1:23:52.439 --> 1:23:55.880
<v Speaker 1>book go to bed. Jordan is available for any dates

1:23:55.920 --> 1:23:59.519
<v Speaker 1>in g no Mo absolutely. Gnome is high on my list.

1:23:59.720 --> 1:24:07.719
<v Speaker 1>I will will also do corporate gigs exclusively only only only. Okay,

1:24:07.720 --> 1:24:10.640
<v Speaker 1>well then I will work for we work for. I

1:24:10.640 --> 1:24:14.280
<v Speaker 1>guess twice the cost of a normal comedian. We riff,

1:24:14.720 --> 1:24:16.400
<v Speaker 1>but you gotta send him up. You got to send

1:24:16.439 --> 1:24:22.200
<v Speaker 1>him up double economy class. That's twice his economy. Thanks

1:24:22.240 --> 1:24:23.880
<v Speaker 1>for having there has been a lot of fun. Yeah,

1:24:23.920 --> 1:24:25.880
<v Speaker 1>that has been fantastic and it's a pleasure to meet

1:24:25.920 --> 1:24:29.240
<v Speaker 1>you in in real life human person. Well, thanks for

1:24:29.280 --> 1:24:31.920
<v Speaker 1>inviting me to your wonderful city. Chicago, the city that

1:24:32.040 --> 1:24:36.960
<v Speaker 1>sleeps occasionally never is often awake, slightly broad shoulders, but

1:24:37.000 --> 1:24:40.240
<v Speaker 1>not very the city of angels that is regularly awake

1:24:40.320 --> 1:24:43.599
<v Speaker 1>but often asleep, with broad shoulders, and also an apple

1:24:43.680 --> 1:24:47.040
<v Speaker 1>that is large and windy. The city of grandfathered in

1:24:47.200 --> 1:24:49.360
<v Speaker 1>four am bars. I feel like it's what we should

1:24:49.360 --> 1:24:52.720
<v Speaker 1>be known as. Ye, that's a good nick. That's true here. Huh,

1:24:53.000 --> 1:24:57.679
<v Speaker 1>there's grandfathers. It completely changed my opinion of your city

1:24:57.800 --> 1:24:59.720
<v Speaker 1>based on that knowledge, and I was going to just

1:24:59.720 --> 1:25:02.360
<v Speaker 1>sl under it for years out. But now that I

1:25:02.439 --> 1:25:06.240
<v Speaker 1>know that, um now there's a bar near my place

1:25:06.400 --> 1:25:10.080
<v Speaker 1>that is apparently so old they open at nine am.

1:25:10.120 --> 1:25:13.760
<v Speaker 1>It's against the law to sell alcohol before eleven. But

1:25:13.840 --> 1:25:16.479
<v Speaker 1>if you've just been around long enough, all bets are

1:25:16.479 --> 1:25:30.439
<v Speaker 1>off beat space every Oh well, I'm Robert Evans. This

1:25:30.479 --> 1:25:35.000
<v Speaker 1>has been behind the Bastards, behind the Bastards dot com sources,

1:25:35.280 --> 1:25:40.800
<v Speaker 1>Bastards pod, Twitter, Instagram, I'm on Instagram and dad, I right, Okay,

1:25:41.360 --> 1:25:44.559
<v Speaker 1>continue listening to this podcast. Listen to Knowledge Fight. It's

1:25:44.600 --> 1:25:48.639
<v Speaker 1>what I listened to when I'm at the gym, when

1:25:48.640 --> 1:25:57.880
<v Speaker 1>I'm driving, when I'm masturbating shamefully in someone else's kitchen. Yeah,

1:25:57.960 --> 1:26:02.640
<v Speaker 1>Knowledge Fight the podcast for all those moments. That's what

1:26:02.800 --> 1:26:05.519
<v Speaker 1>we set out to be. So there's t shirts on

1:26:05.560 --> 1:26:10.840
<v Speaker 1>t public for my show and coming soon. I forgot

1:26:10.840 --> 1:26:12.280
<v Speaker 1>what the T shirt was. I think you're going to

1:26:12.360 --> 1:26:15.080
<v Speaker 1>make a mastur patent John College Fight. If you accidentally

1:26:15.080 --> 1:26:25.360
<v Speaker 1>catch yourself in the mirror, don't look Bye.