WeWork executive chair stands 100% behind decision to stay open during coronavirus

WeWork’s buildings are open for business amidst the coronavirus, and that is unlikely to change for the foreseeable future.

“I gather that the decision to stay open has been a highly debated one but I stand 100% behind this management decision. In fact, every decision that has been and is being made has been very thoughtful,” said WeWork executive chairman Marcelo Claure in prepared remarks to employees, obtained by Yahoo Finance, at a virtual town-hall on Tuesday. “We are minimizing the impact on our employees. And we need WeWork to continue to be ready for the future.”

WeWork operates more than 730 locations around the world. During the coronavirus, WeWork has handed out bonuses to employees as an incentive to continue showing up to work...

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RSK: Well, sometimes a heartless and soulless business attitude makes you money....in the short run. Why is WeWork plagued with this attitude? There is a middle ground here.