Jamie Dimon says WeWork will survive and that he’s learned some tough lessons from the debacle


Jamie Dimon says WeWork will survive and that he’s learned some tough lessons from the debacle
Key Points “I think they’ll have a future life,” Dimon, CEO of J.P. Morgan Chase, said of WeWork in an interview with CNBC’s Wilfred Frost from the bank’s offices in London. “We don’t want them to lay off 14,000 people and have bankruptcy or something like that,” Dimon said. “There are a lot of lessons to be learned on the way by everybody involved, and I’ve learned a few myself.” Among the lessons are that companies should have “proper corporate governance” and an independent board before filing to go public, he said. Jamie Dimon says that he has learned lessons from his bank’s advisory work for WeWork this year, and that he believes the coworking company has a shot to avoid bankruptcy. “I think they’ll have a future life,” Dimon, CEO of J.P. Morgan Chase, said in an interview with CNBC’s Wilfred Frost from the bank’s offices in London.... ...more RSK: I think co-working will survive but not sure about WeWork....Soft Bank has a mess on its hands.

- - Volume: 7 - WEEK: 46 Date: 11/12/2019 9:14:40 AM -

Key Points

“I think they’ll have a future life,” Dimon, CEO of J.P. Morgan Chase, said of WeWork in an interview with CNBC’s Wilfred Frost from the bank’s offices in London.
“We don’t want them to lay off 14,000 people and have bankruptcy or something like that,” Dimon said. “There are a lot of lessons to be learned on the way by everybody involved, and I’ve learned a few myself.”
Among the lessons are that companies should have “proper corporate governance” and an independent board before filing to go public, he said.

Jamie Dimon says that he has learned lessons from his bank’s advisory work for WeWork this year, and that he believes the coworking company has a shot to avoid bankruptcy.

“I think they’ll have a future life,” Dimon, CEO of J.P. Morgan Chase, said in an interview with CNBC’s Wilfred Frost from the bank’s offices in London....

...more