[hef19898]

I'm not sure if any other employee in any other company could get away with something like that. Sounds like a clear conflict of interest to me. Same goes for some of Elon's and Tesla's business transactions, so. Sounds like an overall bad idea to me, just how SoftBank accepted any of it is beyond my imagination.

I'm all for letting founders cash out to a certain degree before an IPO, but 700M and the lease agreements? Bot sure if that was a good deal for investors.

[jnwatson]

Eddie Lampert, former CEO if Sears, seems to have gotten away with it.

[ineedasername]

Sears went bankrupt. In this context, for We, "getting away" with it doesn't really mean "Adam keeps the money." He got the money, there's no question there. Getting away with it has more to do with how the company fairs, so a bankrupt Sears isn't the best example.

[ivalm]

The point is who cares if the company goes bankrupt if you were able to extract enough money out of it. He extracted $700mil, that's like a 20% of regus's (their main competitor) valuation. And he did it faster and without the need for profitability.