1 00:01:03,689 --> 00:01:07,025 Hello, and shalom, and thank you for coming. 2 00:01:07,109 --> 00:01:10,779 If you're watching this, well, you probably know who I am. 3 00:01:10,863 --> 00:01:14,658 For those of you just tuning in, my name is Adam Neumann. 4 00:01:14,741 --> 00:01:17,119 And I am many things. 5 00:01:17,202 --> 00:01:20,789 Immigrant, entrepreneur, husband, father, disrupter, maverick, 6 00:01:20,873 --> 00:01:25,043 creator, and founder and CEO of The We Company, 7 00:01:25,127 --> 00:01:29,214 the third most valuable private company in the world. 8 00:01:30,465 --> 00:01:33,719 I could give you my version of how we got here, 9 00:01:33,802 --> 00:01:36,388 but that is the past. 10 00:01:36,471 --> 00:01:39,433 And I am more interested in the future. 11 00:01:39,516 --> 00:01:42,311 So come with me. Come with me. 12 00:01:42,394 --> 00:01:46,315 It is time for the We revolution. 13 00:01:56,700 --> 00:01:57,534 Line. 14 00:01:59,036 --> 00:02:01,705 These are the new talking points. Stick to them. 15 00:02:01,788 --> 00:02:02,831 Hang up the phone. 16 00:02:02,915 --> 00:02:04,291 Don't say anything but new talking points. 17 00:02:04,374 --> 00:02:05,459 Hang up the phone, Cindy! 18 00:02:05,542 --> 00:02:07,419 - Hang up the phone! - God dammit! 19 00:02:07,503 --> 00:02:09,795 Just tell them we'll call them back later. Do not comment. 20 00:02:09,880 --> 00:02:11,423 - What? -Wall Street Journal. 21 00:02:11,507 --> 00:02:13,842 It is our S-1. We're very proud of it. I have to go now. Thank you. 22 00:02:16,637 --> 00:02:17,679 This is Damian. 23 00:02:18,680 --> 00:02:20,807 No, I don't have a comment on the S-1. It speaks for itself. 24 00:02:20,891 --> 00:02:22,267 Oh, my God. Hand me napkins. 25 00:02:22,351 --> 00:02:24,561 - Cereal-- What cereal box? - Hi. 26 00:02:24,645 --> 00:02:26,563 - No, he's not. We're aware. - Okay. 27 00:02:26,647 --> 00:02:28,315 What about a cereal box? 28 00:02:33,946 --> 00:02:35,113 Why are you here? 29 00:02:37,533 --> 00:02:38,909 To-- To-- 30 00:02:40,035 --> 00:02:41,787 To talk about the S-1. 31 00:02:44,498 --> 00:02:46,583 It's perfect, is it not? 32 00:02:46,667 --> 00:02:48,293 I mean, we think it's perfect. 33 00:02:48,377 --> 00:02:51,129 - Yeah. We love it. - Absolutely, so… 34 00:02:54,007 --> 00:02:58,178 So, what are they saying? 35 00:02:58,262 --> 00:03:00,764 There's the-- the losses. 36 00:03:00,848 --> 00:03:04,977 And then there's the-- the pictures. 37 00:03:05,060 --> 00:03:06,687 - Pictures? - People are upset about the pictures? 38 00:03:06,770 --> 00:03:07,980 - Pictures gave it life. - I know. 39 00:03:08,063 --> 00:03:10,899 I know. It's silly, but it's-- 40 00:03:10,983 --> 00:03:14,027 Some people think an-- an S-1 41 00:03:14,111 --> 00:03:16,822 shouldn't traditionally have photo spreads-- 42 00:03:16,905 --> 00:03:18,532 - That's why it's in there. - Exactly! 43 00:03:18,615 --> 00:03:19,616 That's why we did it. 44 00:03:21,785 --> 00:03:22,703 Take it away. 45 00:03:23,287 --> 00:03:28,250 The real estate industry is currently experiencing… 46 00:03:28,959 --> 00:03:32,796 The real estate industry is currently experiencing a… 47 00:03:34,006 --> 00:03:36,425 paradigm shift from a… 48 00:03:37,092 --> 00:03:41,180 Paradigm shift from a… 49 00:03:44,558 --> 00:03:46,476 Fuck! 50 00:03:46,560 --> 00:03:50,480 Guys, it's a financial document that no one reads. 51 00:03:50,564 --> 00:03:52,399 Well, they do read The Wall Street Journal, 52 00:03:52,482 --> 00:03:53,775 and they're working on a story. 53 00:03:53,859 --> 00:03:56,653 - What do you mean? - What story? There's no story. 54 00:03:56,737 --> 00:03:59,031 Yeah, I mean, late-night parties, tequila shots, 55 00:03:59,114 --> 00:04:01,742 and a brick of weed in a cereal box 56 00:04:01,825 --> 00:04:03,243 - on an international flight. - It's a cube. 57 00:04:03,327 --> 00:04:04,786 It was not-- It was a cube. 58 00:04:04,870 --> 00:04:08,123 Oh, my fucking God! The Wall Street Journal? 59 00:04:08,207 --> 00:04:11,043 - Okay, okay, okay, okay. - I'm out of here. 60 00:04:11,126 --> 00:04:14,254 - You can't let them run that story. - Right. 61 00:04:14,838 --> 00:04:16,632 No, Damian, you can't let them run that story! 62 00:04:16,714 --> 00:04:17,716 Sorry. 63 00:04:17,798 --> 00:04:19,426 You can't run the story. 64 00:04:20,469 --> 00:04:23,096 Because it's a non-story, Eliot. 65 00:04:23,180 --> 00:04:26,058 No, investors are not losing confidence in the IPO. 66 00:04:26,808 --> 00:04:30,312 Investors are losing confidence in the IPO. 67 00:04:32,272 --> 00:04:33,482 We need to postpone it. 68 00:04:33,982 --> 00:04:35,108 No, no, no. 69 00:04:35,192 --> 00:04:38,862 No, no, we're not going to postpone. We're not postponing, Jamie. 70 00:04:39,738 --> 00:04:42,366 If we don't postpone, we have to lower the valuation. 71 00:04:43,659 --> 00:04:44,660 By how much? 72 00:04:45,327 --> 00:04:46,411 Closer to 20. 73 00:04:46,495 --> 00:04:50,290 You want to lower the valuation by $27 billion? 74 00:04:50,374 --> 00:04:53,919 Jamie, do you know what causes investors to lose confidence? 75 00:04:54,002 --> 00:04:55,462 That. That does. 76 00:04:55,546 --> 00:04:58,507 It's a tough time to be a unicorn. 77 00:04:58,590 --> 00:05:00,551 There's a lot of scrutiny out there. 78 00:05:00,634 --> 00:05:04,096 Uber, Lyft, Peloton, Slack, they're all underperforming post-IPO. 79 00:05:04,179 --> 00:05:05,597 All of them. 80 00:05:06,431 --> 00:05:09,393 The "unicorn stampede." It has become a bloodbath. 81 00:05:09,476 --> 00:05:14,022 And so, to kind of illustrate this point, we recently saw, just last week 82 00:05:14,106 --> 00:05:16,108 an issue with WeWork, 83 00:05:16,191 --> 00:05:19,820 where WeWork was making this transition from the private markets, 84 00:05:19,903 --> 00:05:23,240 trying to get ready for an IPO to the public market, 85 00:05:23,323 --> 00:05:28,453 and they had raised on a previous valuation of $47 billion. 86 00:05:28,537 --> 00:05:33,166 They just decided overnight, "Just kidding, we're worth 20 billion." 87 00:05:33,250 --> 00:05:35,878 And so, if you invested in WeWork, 88 00:05:35,961 --> 00:05:37,880 thinking that it had a valuation of 47 billion… 89 00:05:37,963 --> 00:05:39,256 Your time has expired. 90 00:05:39,339 --> 00:05:40,883 …you're getting fleeced. 91 00:05:42,593 --> 00:05:44,344 I donated to her campaign. 92 00:05:44,428 --> 00:05:47,055 Fuck her. She's a fucking socialist. 93 00:05:47,139 --> 00:05:49,892 She is misrepresenting the private markets. 94 00:05:49,975 --> 00:05:52,060 You're dealing with very sophisticated investors. 95 00:05:52,144 --> 00:05:55,272 Could you stop sending me the daily press briefings? 96 00:05:55,355 --> 00:05:57,399 They're just-- All of the mentions are bad, 97 00:05:57,482 --> 00:06:00,652 and I'm starting to let negative thoughts in and… 98 00:06:02,905 --> 00:06:03,906 Let's go. 99 00:06:04,489 --> 00:06:06,408 Why do they hate us so much? 100 00:06:08,368 --> 00:06:10,579 All we wanted to do was save the world. 101 00:06:11,330 --> 00:06:13,165 We got this. Damian! 102 00:06:13,248 --> 00:06:15,501 We got it. We got it, Damian! Got it. 103 00:06:15,584 --> 00:06:19,087 There's a lot of noise back there. I think we need to simmer it down. 104 00:06:19,171 --> 00:06:20,672 Calm it down. Find your spot. 105 00:06:20,756 --> 00:06:23,425 - Fungible. Ible… - Okay. It's so good. It's so good. 106 00:06:23,509 --> 00:06:25,302 - Is it? - That is such a hard line. 107 00:06:25,385 --> 00:06:28,805 Commodities and… You're getting a little tight in here. 108 00:06:28,889 --> 00:06:29,973 So why don't we just-- 109 00:06:32,809 --> 00:06:36,104 Say this with me. A proper pot of coffee in a proper coffee pot. 110 00:06:36,188 --> 00:06:39,691 A proper cot of-- A proper pot of coffee in a p-- 111 00:06:39,775 --> 00:06:41,235 - Yes. - A proper pot of coffee 112 00:06:41,318 --> 00:06:42,819 in a proper coffee pot. 113 00:06:42,903 --> 00:06:45,322 A proper coppet potty in a proper coppy pot. 114 00:06:45,405 --> 00:06:46,281 - I got it. - Okay. Great. 115 00:06:46,365 --> 00:06:48,534 - A proper copper potty-- - Esther. 116 00:06:49,034 --> 00:06:51,286 Proper pot of coffee in a proper coffee pot. 117 00:06:51,954 --> 00:06:53,413 Let it loose. And… 118 00:06:53,497 --> 00:06:54,498 Action. 119 00:06:54,581 --> 00:06:56,583 It's bad, Adam. It's bad. 120 00:06:56,667 --> 00:06:59,962 It's a bit of bad press over a silly financial document. 121 00:07:00,045 --> 00:07:01,046 It will blow over. 122 00:07:01,129 --> 00:07:03,257 Listen, you had a hell of an idea for a business, 123 00:07:03,340 --> 00:07:07,553 you built it into something that far exceeded my wildest expectations, 124 00:07:07,636 --> 00:07:11,682 and now you're gonna fuck it all up over all this nonsense? 125 00:07:12,474 --> 00:07:14,434 What are you talking about "nonsense," Bruce? 126 00:07:14,518 --> 00:07:16,520 - Nonsense? - The succession plan. 127 00:07:16,603 --> 00:07:18,939 What about the succession plan? 128 00:07:19,022 --> 00:07:20,732 Rebekah gets to choose your successor? 129 00:07:20,816 --> 00:07:24,152 This is about to be a public company. Not a monarchy. 130 00:07:24,236 --> 00:07:27,781 But it is. It is like a monarchy, okay. 131 00:07:27,865 --> 00:07:31,368 My family is the moral compass of this company. 132 00:07:31,451 --> 00:07:35,706 See? You have to stop saying things like that. 133 00:07:35,789 --> 00:07:39,751 I am now begging you. Please, please. 134 00:07:42,421 --> 00:07:44,548 What if I give you something else? Give me 24 hours. 135 00:07:44,631 --> 00:07:47,676 Benchmark invested 16.5 million in WeWork, 136 00:07:47,759 --> 00:07:50,721 and you've already cashed out over 300 million worth of shares. 137 00:07:50,804 --> 00:07:53,682 You've made 20 times your investment, and, and, 138 00:07:53,765 --> 00:07:55,893 you'll make another billion from the IPO. 139 00:07:55,976 --> 00:08:00,063 So don't talk to me about nonsense, Bruce. My nonsense has made you a fortune. 140 00:08:00,147 --> 00:08:03,358 We just need to get in front of the investors. 141 00:08:03,859 --> 00:08:05,527 The road show, it starts next week. 142 00:08:05,611 --> 00:08:08,780 And for the ones who can't meet me in person, we're making a video. 143 00:08:08,864 --> 00:08:12,284 We're bringing in the crew from Hollywood. We've spared no expense. 144 00:08:12,367 --> 00:08:16,538 And trust me when I say this, trust me, I will bring my A-game. 145 00:08:19,958 --> 00:08:20,959 Okay. 146 00:08:25,214 --> 00:08:26,798 Okay. Okay. 147 00:08:28,050 --> 00:08:29,092 This is it. 148 00:08:29,176 --> 00:08:32,386 I am committed to building not just a good business, 149 00:08:32,471 --> 00:08:34,389 - but a great company. - What? 150 00:08:34,472 --> 00:08:36,350 - And I promise, in my decisions… - They're running it. 151 00:08:36,433 --> 00:08:38,602 -…I will remain loyal to whatever is-- - Shit. 152 00:08:39,686 --> 00:08:40,604 Again. 153 00:08:40,687 --> 00:08:41,855 You got it. 154 00:08:42,648 --> 00:08:46,443 I am committed to building not just a good business, but a great company. 155 00:08:46,527 --> 00:08:47,528 And I promise 156 00:08:47,611 --> 00:08:50,155 that in my decisions, I will remain loyal 157 00:08:50,239 --> 00:08:53,951 to whatever is best in the long term for the greater We. 158 00:08:55,077 --> 00:08:57,538 Our employees, our members, our partners, 159 00:08:57,621 --> 00:09:02,376 our investors and, most importantly, our planet. 160 00:09:02,876 --> 00:09:08,048 So come with me, and let's build the future together. 161 00:09:08,131 --> 00:09:09,299 Good. 162 00:09:10,676 --> 00:09:13,637 - Good? Good? Great? - Yeah, great actually. 163 00:09:13,720 --> 00:09:14,888 - Great. - I heard a "great." 164 00:09:14,972 --> 00:09:16,223 - That was great. - Esther? 165 00:09:16,306 --> 00:09:18,725 - It was great. You did it. You did it. - I heard a "great." 166 00:09:18,809 --> 00:09:21,186 - You did it. You manifested it. - Did you have any doubt? 167 00:09:21,270 --> 00:09:23,355 - No, didn't have any doubt. - No, no, you had no doubt. 168 00:09:23,438 --> 00:09:24,648 - Nothing. - Okay. 169 00:09:24,731 --> 00:09:25,941 You manifested it. 170 00:09:26,567 --> 00:09:28,026 Damian, how was it? 171 00:09:29,570 --> 00:09:32,155 Damian, my PR guru, how was it? Okay? 172 00:09:32,865 --> 00:09:34,283 I think we're finished. 173 00:09:35,242 --> 00:09:39,496 - Hey, yes! - Okay. 174 00:09:39,580 --> 00:09:42,249 - Are you gonna tell them? - Fuck no. 175 00:09:42,332 --> 00:09:43,917 - Thank you all… - Where are you going? 176 00:09:44,001 --> 00:09:46,044 Back to the style section. 177 00:09:55,679 --> 00:09:58,599 He's a goddamn punch line. "Neumann is known for making claims 178 00:09:58,682 --> 00:10:01,059 such as becoming the world's first trillionaire, 179 00:10:01,143 --> 00:10:04,104 becoming president of the world, and living forever." 180 00:10:04,188 --> 00:10:06,190 Sounds like a maniac. 181 00:10:06,273 --> 00:10:07,274 It's humiliating. 182 00:10:07,357 --> 00:10:08,817 He will never survive this. 183 00:10:08,901 --> 00:10:10,736 Survive it? No, he's dead already. 184 00:10:10,819 --> 00:10:15,157 No, I am talking about us. This is humiliating for us. 185 00:10:15,240 --> 00:10:19,453 Bruce, he's gotta go. Partying has long been a feature of his work life… 186 00:10:19,536 --> 00:10:20,954 …maniac. 187 00:10:21,038 --> 00:10:22,539 The guy's a nut job… 188 00:10:29,213 --> 00:10:32,925 All those in favor, please signify by saying, "Aye." 189 00:10:33,008 --> 00:10:34,009 Aye. 190 00:10:39,973 --> 00:10:42,518 Call his office and get him down here. 191 00:10:42,601 --> 00:10:44,186 Yes, I understand it's urgent. 192 00:10:53,070 --> 00:10:54,404 Good morning! 193 00:11:21,265 --> 00:11:22,516 Okay. 194 00:11:36,238 --> 00:11:38,574 'Cause we are going to IPO in two weeks. 195 00:11:39,575 --> 00:11:42,619 Adam, an IPO is out of the question. 196 00:11:43,287 --> 00:11:44,830 I don't accept that. 197 00:11:44,913 --> 00:11:46,540 - Adam. - I don't accept it. 198 00:11:46,623 --> 00:11:48,250 - And furthermore… - Adam. Adam. 199 00:11:48,333 --> 00:11:49,835 …I don't believe you have the faith in me-- 200 00:11:49,918 --> 00:11:51,086 Adam. 201 00:11:52,087 --> 00:11:53,922 The board voted this morning. 202 00:11:55,215 --> 00:11:56,508 We want you out. 203 00:11:58,927 --> 00:11:59,970 Call the lawyers. 204 00:12:00,053 --> 00:12:01,805 Yeah. Which one? 205 00:12:01,889 --> 00:12:02,973 All of them. 206 00:12:14,735 --> 00:12:15,652 Oh, thank you. 207 00:12:19,990 --> 00:12:21,867 Well, 208 00:12:21,950 --> 00:12:25,537 I have no idea how you got your investors to agree to this, 209 00:12:25,621 --> 00:12:31,668 but your "supervoting" shares give you 20 votes on each share. 210 00:12:32,252 --> 00:12:36,298 You basically control 65% of the vote on any corporate matter. 211 00:12:36,381 --> 00:12:40,844 So you're right, they can't fire you. 212 00:12:40,928 --> 00:12:42,513 - Good. - Great. 213 00:12:42,596 --> 00:12:43,680 Now we fire them. 214 00:12:45,766 --> 00:12:46,767 Which ones? 215 00:12:47,351 --> 00:12:49,895 Every single person on the board. 216 00:12:53,649 --> 00:12:55,567 Robb, why don't you take this? 217 00:13:01,365 --> 00:13:04,576 Legally, yes, you could fire them. 218 00:13:04,660 --> 00:13:08,580 But you do need a board of directors. 219 00:13:09,665 --> 00:13:10,666 Why? 220 00:13:10,749 --> 00:13:12,417 It's required by state law. 221 00:13:14,586 --> 00:13:15,963 The question is… 222 00:13:18,131 --> 00:13:19,925 can we change the law? 223 00:13:24,596 --> 00:13:26,723 That might take a while. 224 00:13:30,352 --> 00:13:31,353 Okay-- 225 00:13:31,979 --> 00:13:35,148 We can appoint anyone we want to the board, correct? 226 00:13:35,732 --> 00:13:37,985 Who we like, who we trust, who we can-- 227 00:13:38,068 --> 00:13:41,071 -…we feel has the right energy. - Yes. Yes, yes. 228 00:13:42,072 --> 00:13:43,866 Jen, Matthew? 229 00:13:44,825 --> 00:13:47,286 Birdie. Phil. 230 00:13:47,369 --> 00:13:48,495 - Unfortunately… - Yes. 231 00:13:48,579 --> 00:13:52,374 …the NYSE and NASDAQ exchanges require them to be independent. 232 00:13:54,251 --> 00:13:58,172 Legally, the board is meant to provide experience and advice. 233 00:13:58,255 --> 00:13:59,339 God. 234 00:14:00,465 --> 00:14:03,969 Okay, so what about 235 00:14:05,095 --> 00:14:06,138 Elon? 236 00:14:07,055 --> 00:14:08,056 Well-- 237 00:14:08,140 --> 00:14:09,600 Elon. 238 00:14:09,683 --> 00:14:13,604 Elon's a peer, right? So he can't tell you anything you don't already know. 239 00:14:13,687 --> 00:14:15,063 - I think-- - True. 240 00:14:15,147 --> 00:14:18,483 I think Warren. Or Bill. 241 00:14:18,567 --> 00:14:19,610 Obama. 242 00:14:20,569 --> 00:14:22,946 Barack's great, but he's not a businessman. 243 00:14:23,030 --> 00:14:26,909 If you try to fire the board, 244 00:14:26,992 --> 00:14:29,036 you're looking at a lengthy legal fight. 245 00:14:29,119 --> 00:14:33,957 And based on what you've told us, that's time you don't have. 246 00:14:34,041 --> 00:14:36,919 Look, you don't have a legal problem. 247 00:14:37,961 --> 00:14:39,338 You have an image problem. 248 00:14:40,088 --> 00:14:45,052 The public markets want a steady hand at the wheel. 249 00:14:46,803 --> 00:14:48,096 Not a rock star. 250 00:14:49,431 --> 00:14:51,558 Okay, you're talking about gravitas. 251 00:14:51,642 --> 00:14:52,768 - Exactly. - Okay. 252 00:14:52,851 --> 00:14:56,230 Show them that you can run a public company. 253 00:14:58,941 --> 00:15:01,818 Gravitas. Gravitas. 254 00:15:01,902 --> 00:15:02,903 Perfect. 255 00:15:06,073 --> 00:15:07,699 Where's Adam? 256 00:15:08,325 --> 00:15:09,910 The natives are getting restless. 257 00:15:09,993 --> 00:15:11,828 Dude, what-- Nobody uses that expression anymore. 258 00:15:11,912 --> 00:15:14,456 Well, we need to say something to them. 259 00:15:17,751 --> 00:15:20,504 - Me? - You're the co-founder of the company. 260 00:15:20,587 --> 00:15:21,839 Yeah, dude, you got this. 261 00:15:21,922 --> 00:15:23,924 - You're gonna be great. - They're scared. Speak to that fear. 262 00:15:24,007 --> 00:15:25,759 - Okay. - They know your face. 263 00:15:25,843 --> 00:15:27,594 - Use your height. - Tell them everything's cool. 264 00:15:27,678 --> 00:15:29,513 - Everything's gonna be taken care of. - Everything's okay. 265 00:15:29,596 --> 00:15:32,266 - Easy. - Loose. Loose, loose, loose. 266 00:15:32,349 --> 00:15:33,392 It's okay. 267 00:15:34,852 --> 00:15:36,562 Everyone. 268 00:15:37,604 --> 00:15:39,523 Excuse me, everyone. 269 00:15:40,482 --> 00:15:41,775 Excuse me, everyone! 270 00:15:45,487 --> 00:15:46,613 Hey-- 271 00:15:48,490 --> 00:15:49,741 Excuse me, everyone. 272 00:15:50,284 --> 00:15:52,119 Please, guys. 273 00:15:53,537 --> 00:15:55,289 Guys-- Sorry. 274 00:15:55,372 --> 00:15:57,332 Hey-- Hi, everyone. 275 00:15:59,918 --> 00:16:01,044 Happy Monday. 276 00:16:01,128 --> 00:16:05,966 Good morning. TGIM, right? 277 00:16:06,758 --> 00:16:08,093 Is Adam fired? 278 00:16:09,052 --> 00:16:10,095 What? No. 279 00:16:10,971 --> 00:16:13,724 Everything-- Everything's under control. 280 00:16:13,807 --> 00:16:15,225 What about the IPO? 281 00:16:15,309 --> 00:16:16,852 What happens with our stock options? 282 00:16:16,935 --> 00:16:18,353 Are we getting fired? 283 00:16:18,437 --> 00:16:21,106 No, no one is getting fired yet. 284 00:16:21,190 --> 00:16:22,983 - Yet? - What does that mean? 285 00:16:23,650 --> 00:16:26,945 No. Guys, listen. Hey, hey, hey, everyone. 286 00:16:28,280 --> 00:16:32,701 Look, I know you're all looking for a little reassurance right now. 287 00:16:33,243 --> 00:16:36,079 And you deserve that. So… 288 00:16:37,664 --> 00:16:39,666 There's a few things I can say. 289 00:16:39,750 --> 00:16:43,003 It's every-- 290 00:16:44,630 --> 00:16:46,298 Every little thing… 291 00:16:47,591 --> 00:16:51,762 Every little thing Is gonna be all right 292 00:16:53,889 --> 00:16:56,099 I said don't worry 293 00:16:57,476 --> 00:16:58,894 About a thing 294 00:17:01,230 --> 00:17:05,150 'Cause every little thing Is gonna be all right 295 00:17:06,568 --> 00:17:08,028 Said don't worry-- 296 00:17:08,111 --> 00:17:10,531 Oh, thank God. Adam's here. 297 00:17:16,328 --> 00:17:17,329 Adam, everyone. 298 00:17:22,084 --> 00:17:23,085 Colleagues, 299 00:17:24,670 --> 00:17:28,257 friends and family. 300 00:17:30,133 --> 00:17:32,177 This is a pivotal moment. 301 00:17:33,178 --> 00:17:37,558 And I am so proud, so very grateful to have you all gathered here today. 302 00:17:43,814 --> 00:17:45,899 There's a lot of noise out there. 303 00:17:47,818 --> 00:17:51,363 A lot of gossip, a lot of talk. 304 00:17:52,322 --> 00:17:53,448 About me. 305 00:17:55,742 --> 00:17:56,743 About us. 306 00:17:58,829 --> 00:18:03,292 Because that is what people do when they're afraid. 307 00:18:04,042 --> 00:18:06,712 Do you understand what we have all done? 308 00:18:07,921 --> 00:18:10,757 Do you understand? We-- 309 00:18:10,841 --> 00:18:13,051 We poked the bear. 310 00:18:13,135 --> 00:18:14,845 We poked that bear. 311 00:18:14,928 --> 00:18:18,765 We disrupted a trillion-dollar industry. 312 00:18:18,849 --> 00:18:23,645 And we will emerge stronger and more fearless and more revolutionary 313 00:18:23,729 --> 00:18:25,439 than ever before! 314 00:18:26,315 --> 00:18:27,524 Yes! 315 00:18:27,608 --> 00:18:30,527 More dedicated, and even more committed. 316 00:18:31,153 --> 00:18:35,532 Committed to our mission to elevate the world's consciousness! 317 00:18:36,200 --> 00:18:37,201 Thank you, Rivka. 318 00:18:37,284 --> 00:18:42,873 And I, I will never not be the CEO of WeWork! 319 00:18:48,712 --> 00:18:49,963 Yeah… 320 00:18:51,715 --> 00:18:54,259 - When I say "We," you say… - Work. 321 00:18:54,343 --> 00:18:55,511 - We! - Work. 322 00:18:55,594 --> 00:18:57,012 Step down. 323 00:19:00,557 --> 00:19:01,683 Who said that? 324 00:19:05,437 --> 00:19:06,438 Who was it? 325 00:19:09,316 --> 00:19:10,442 How dare you? 326 00:19:15,989 --> 00:19:17,533 It's okay. It's okay. 327 00:19:23,705 --> 00:19:24,831 You've lost them. 328 00:19:24,915 --> 00:19:28,252 Your interests and the interests of your employees have diverged. 329 00:19:28,335 --> 00:19:31,797 No, I don't believe that. I-I just-- They're-- They're just scared. 330 00:19:31,880 --> 00:19:34,508 No. They're angry. 331 00:19:35,425 --> 00:19:40,472 They've spent two years, five years, a decade toiling away for low wages, 332 00:19:40,556 --> 00:19:42,724 for an IPO payday that now may never come. 333 00:19:42,808 --> 00:19:44,685 - No. It's coming. Coming. - I mean-- 334 00:19:44,768 --> 00:19:46,687 - They will feel used… - It's coming. 335 00:19:46,770 --> 00:19:48,730 …and they will blame you. 336 00:19:48,814 --> 00:19:51,608 Where do you think The Wall Street Journal got its information? 337 00:19:52,401 --> 00:19:54,486 The unnamed sources? 338 00:19:56,196 --> 00:19:57,281 There they are. 339 00:19:58,740 --> 00:19:59,992 You're at war. 340 00:20:00,993 --> 00:20:04,329 It'll be fought on multiple fronts. In the boardroom, in the press. 341 00:20:04,413 --> 00:20:07,541 Even here in the halls of your own company. 342 00:20:08,125 --> 00:20:10,294 Trust no one. 343 00:20:10,377 --> 00:20:13,881 Sorry, are we in a John Grisham novel? 344 00:20:13,964 --> 00:20:17,384 You're paying me to be dramatic. That's why it's called crisis PR. 345 00:20:18,135 --> 00:20:19,970 You have to understand, Rebekah, 346 00:20:20,053 --> 00:20:22,806 you and Adam, you are not people. 347 00:20:23,765 --> 00:20:26,768 - We're not people? - No. You're products. 348 00:20:26,852 --> 00:20:30,189 The media sold you to the public once as unicorns, 349 00:20:30,731 --> 00:20:32,524 now they'll sell you again as villains. 350 00:20:32,608 --> 00:20:36,111 Okay, so obviously we need to reframe it. 351 00:20:36,195 --> 00:20:39,489 We need to take control of it. So why don't you put us on CNBC? 352 00:20:39,573 --> 00:20:40,574 - Good idea. - No. 353 00:20:40,657 --> 00:20:42,159 - I think it's the-- - No, no. 354 00:20:42,242 --> 00:20:45,829 They're making this into a circus. Let's not help them. 355 00:20:46,830 --> 00:20:48,457 Stay in the foxhole. 356 00:20:49,541 --> 00:20:51,919 I'll say it again, we are at war. 357 00:20:52,461 --> 00:20:55,255 And these are your foot soldiers. 358 00:20:56,006 --> 00:20:58,509 God help the enemy, 'cause they're a bunch of freaks. 359 00:20:59,009 --> 00:21:01,595 They don't look like much, but when I pump them full of Adderall 360 00:21:01,678 --> 00:21:04,473 and turn these sickos loose, watch out. 361 00:21:06,225 --> 00:21:08,769 You should both have your offices swept for bugs. 362 00:21:09,311 --> 00:21:10,437 Bugs? 363 00:21:11,271 --> 00:21:15,108 We must be vigilant. Methodical. Strategic. 364 00:21:15,943 --> 00:21:18,237 No emails, no texts, 365 00:21:18,820 --> 00:21:20,697 no phone calls that might be overheard. 366 00:21:20,781 --> 00:21:23,909 No false moves. Got it? 367 00:21:26,453 --> 00:21:27,496 Adam? 368 00:21:34,044 --> 00:21:36,338 You want war? I'll give you war. 369 00:21:36,421 --> 00:21:39,007 Okay. I'll give you war! 370 00:21:43,887 --> 00:21:45,556 We're going to war! 371 00:21:45,639 --> 00:21:47,015 To war, you understand? 372 00:21:47,099 --> 00:21:47,933 - Phil. - Yeah? 373 00:21:48,016 --> 00:21:49,935 - Pack it up. Pack it all up. - Okay. I'll go-- 374 00:21:50,018 --> 00:21:52,229 Don't forget the whiteboard, understand? Don't forget it. 375 00:21:52,312 --> 00:21:54,439 - Okay. - Adam. Adam! 376 00:21:54,523 --> 00:21:56,149 Go, go. 377 00:21:56,817 --> 00:21:58,861 Coming through. Push, Phil, push. 378 00:21:58,944 --> 00:22:00,654 - Pushing. - Push. 379 00:22:01,196 --> 00:22:03,824 - Out the way. - Adam. Adam. 380 00:22:04,950 --> 00:22:06,702 This is proprietary, you understand? 381 00:22:06,785 --> 00:22:09,037 - If I see this anywhere, anywhere… - Let's catch the light. 382 00:22:09,121 --> 00:22:11,248 …I'll be forced to take legal action, you understand? Phil. 383 00:22:11,331 --> 00:22:13,876 - Get his picture. Take his information. - Whoa, whoa-- No, fuck off. 384 00:22:13,959 --> 00:22:15,043 Get his picture. 385 00:22:15,127 --> 00:22:17,337 - Rivka, cover the board, cover the board. - I'm just trying to move-- 386 00:22:17,421 --> 00:22:19,298 - Cover the board. - I'm covering the board. 387 00:22:19,381 --> 00:22:22,176 Let's just get it to the house, okay? Okay. Do you have it? 388 00:22:22,259 --> 00:22:23,385 - Yeah. - We got it, we got it. 389 00:22:23,468 --> 00:22:25,721 - Okay, here we go. - Okay. 390 00:22:25,804 --> 00:22:26,805 Okay. 391 00:22:27,806 --> 00:22:28,807 It's okay-- 392 00:22:28,891 --> 00:22:31,685 Please, please don't lean the whiteboards against the wall. 393 00:22:31,768 --> 00:22:34,771 I'm gonna need to ask everyone to wear booties. 394 00:22:34,855 --> 00:22:36,481 Ingrid? Ingrid. 395 00:22:36,565 --> 00:22:38,775 I think we might need to send the kids to the Hamptons. 396 00:22:38,859 --> 00:22:42,696 All right, all right. Mommy loves you. Claudia, Claudia, did you get the booties? 397 00:22:42,779 --> 00:22:46,700 Hello? Yeah, no, I'm sorry, we just can't comment. 398 00:22:47,784 --> 00:22:49,786 Let me look into that and circle back to you. 399 00:22:49,870 --> 00:22:52,998 No, no, no. 400 00:22:53,081 --> 00:22:57,127 - Not "circle back." You understand? - This couch is hand-loomed linen, 401 00:22:57,211 --> 00:22:59,379 so I'm gonna need to put towels under you. 402 00:22:59,463 --> 00:23:00,631 Oh, my God. 403 00:23:01,340 --> 00:23:03,133 - Angela. Can you get the towels? - Hello? 404 00:23:03,217 --> 00:23:05,844 No, we're not commenting on that at this time. 405 00:23:05,928 --> 00:23:07,888 Nope, not commenting. No comment. 406 00:23:07,971 --> 00:23:10,474 I'm not gonna comment at this time. 407 00:23:11,183 --> 00:23:12,976 Comment. Please, please, comment. 408 00:23:13,060 --> 00:23:16,813 Comment. Comment. Just dig in. Comment. 409 00:23:16,897 --> 00:23:19,316 This, thi-- This is war. This? 410 00:23:19,942 --> 00:23:22,903 My seven-year-old could answer the phones and say, "no comment" 411 00:23:22,986 --> 00:23:25,280 with more enthusiasm than this. 412 00:23:25,364 --> 00:23:26,365 Please! 413 00:23:26,448 --> 00:23:29,284 Adam, be respectful. I'm s-- I'm just gonna… 414 00:23:29,368 --> 00:23:30,702 They're the best in the business. 415 00:23:30,786 --> 00:23:34,540 The best-- Well, must not be a very competitive industry, I have to say. 416 00:23:34,623 --> 00:23:36,583 You could try again in a week. 417 00:23:37,167 --> 00:23:39,253 Again, no comment. 418 00:23:40,546 --> 00:23:42,047 I really have no-- 419 00:23:42,130 --> 00:23:43,465 Pardon me. 420 00:23:44,591 --> 00:23:46,760 - Pardon me. Pardon. - Let me call you back. 421 00:23:47,719 --> 00:23:49,972 - What is your name? - Chris. 422 00:23:50,055 --> 00:23:53,642 Chris, no more "no comment," you understand? 423 00:23:53,725 --> 00:23:54,935 No more "no comment." 424 00:23:55,018 --> 00:23:57,354 I'm not paying you guys a million dollars an hour 425 00:23:57,437 --> 00:23:59,648 or whatever it is for "no comment." 426 00:24:00,816 --> 00:24:06,780 If someone calls and asks about tequila, I want you to ask them, 427 00:24:06,864 --> 00:24:09,741 "You ever go to an office party or go out for work drinks? 428 00:24:09,825 --> 00:24:11,827 Ever heard of a three-martini lunch?" 429 00:24:11,910 --> 00:24:15,706 Booze has always been a part of business. You understand? 430 00:24:15,789 --> 00:24:18,000 - You agree. You agree. Thank you. - Adam. 431 00:24:18,083 --> 00:24:19,251 Thank you very much. No. 432 00:24:19,334 --> 00:24:21,211 - Let's take a break. Honey, let's-- - One moment. 433 00:24:21,295 --> 00:24:25,132 I'm just making a point. Making a point. Please. 434 00:24:25,215 --> 00:24:30,012 And if they happen to mention the-the-the trillionaire crap, okay? 435 00:24:30,095 --> 00:24:32,973 I want you to say to them, "Well, pardon me, 436 00:24:33,056 --> 00:24:35,809 but what is the headline here? 437 00:24:36,643 --> 00:24:39,813 Immigrant entrepreneur dares to dream too big?" 438 00:24:40,814 --> 00:24:45,027 And if-- if they dare to mention my wife, 439 00:24:46,111 --> 00:24:49,573 you say nothing, and you put me on the phone. 440 00:24:49,656 --> 00:24:52,034 - You understand? Put me on the phone. - Adam. It's fine. 441 00:24:52,117 --> 00:24:54,411 And then I'll give a comment. 442 00:24:54,494 --> 00:24:56,538 You're not paying us to fight back. 443 00:24:56,622 --> 00:24:58,332 Then what am I paying you for? 444 00:24:58,415 --> 00:25:00,667 - To deflect. To defuse. - Please, to-- and? 445 00:25:00,751 --> 00:25:03,212 - Thank you. - To grind them down with non-answers. 446 00:25:03,295 --> 00:25:04,880 - To be boring. - It's okay, Adam. 447 00:25:04,963 --> 00:25:08,592 Well, they are definitely the best in the business at that. 448 00:25:08,675 --> 00:25:11,553 - Thank you very much. - You are paying us to stop the bleeding. 449 00:25:11,637 --> 00:25:13,555 - We know. Thank you. - So let us do our jobs. 450 00:25:13,639 --> 00:25:15,766 You have made your point. We are very grateful. 451 00:25:17,309 --> 00:25:19,728 - I need you to center yourself. - No. It's-- 452 00:25:19,811 --> 00:25:21,897 - No. I need you to ce-- Adam. - It's not the time. Not-- 453 00:25:21,980 --> 00:25:23,982 You cannot protect this family if you are not centered. 454 00:25:24,483 --> 00:25:25,859 Close your eyes. 455 00:25:30,155 --> 00:25:31,240 Now breathe in. 456 00:25:33,158 --> 00:25:34,159 And out. 457 00:25:36,453 --> 00:25:37,829 Feel it rise. 458 00:25:39,081 --> 00:25:41,375 Come out through the top of your head. 459 00:25:42,501 --> 00:25:44,336 And then imagine a golden light. 460 00:25:50,509 --> 00:25:52,302 Do you feel better? 461 00:25:54,096 --> 00:25:55,097 Yes? 462 00:25:56,056 --> 00:25:58,392 Okay. Look at me. 463 00:25:59,476 --> 00:26:01,395 Small men proceed from fear. 464 00:26:02,020 --> 00:26:03,772 We are not small. 465 00:26:04,356 --> 00:26:07,150 I want these people and their negativity out of my home. 466 00:26:07,234 --> 00:26:10,320 They are ruining my floors. All right? 467 00:26:12,573 --> 00:26:15,492 Talk to Bruce. Tell him you can fix this. 468 00:26:15,576 --> 00:26:17,536 He wants to believe in you. He always has. 469 00:26:20,956 --> 00:26:22,165 Yes. 470 00:26:22,958 --> 00:26:24,710 - Okay. - Okay. 471 00:26:24,793 --> 00:26:27,337 - Talking to Bruce. - Yes. Good. 472 00:26:29,840 --> 00:26:31,383 - Calling Bruce. - Okay. 473 00:26:35,470 --> 00:26:36,930 Thank you for picking up. 474 00:26:39,266 --> 00:26:40,517 I'm coming to see you. 475 00:26:41,852 --> 00:26:43,228 Now. 476 00:26:45,981 --> 00:26:49,193 Perfect. Keep that tone. Keep that intention. 477 00:26:50,819 --> 00:26:52,196 You can manifest this. 478 00:27:09,546 --> 00:27:10,756 Bruce. 479 00:27:10,839 --> 00:27:11,840 Adam. 480 00:27:14,009 --> 00:27:15,177 Matthew. 481 00:27:16,386 --> 00:27:17,471 And Jacob. 482 00:27:18,013 --> 00:27:22,559 They reached out to me. They had a few things they wanted to get off their chest. 483 00:27:22,643 --> 00:27:26,396 I see, I see. What is the expression? 484 00:27:26,897 --> 00:27:30,442 Like rats abandoning a sinking ship. 485 00:27:31,151 --> 00:27:33,820 Unfortunately, our ship isn't sinking. 486 00:27:33,904 --> 00:27:36,240 But it's good to know who the rats are. 487 00:27:36,323 --> 00:27:38,575 Well, we just want what's best for the company. 488 00:27:38,659 --> 00:27:42,204 What is best for the company is me as CEO. 489 00:27:42,287 --> 00:27:45,749 - Adam, I don't-- - Always has been, always will be. 490 00:27:45,832 --> 00:27:49,753 Please, you're going to listen to these two geniuses? 491 00:27:49,837 --> 00:27:51,922 One walks around like a mermaid 492 00:27:52,005 --> 00:27:54,466 and the other has "cock" written on his forehead. 493 00:27:54,550 --> 00:28:00,639 Please, let the children go home, and the adults can have a conversation. 494 00:28:00,722 --> 00:28:02,182 - No, let them go. - No, Adam, 495 00:28:02,266 --> 00:28:04,643 I really don't see any reason for them to leave. 496 00:28:04,726 --> 00:28:08,272 Fine. Learn something. Grab a pen. Take some notes. 497 00:28:08,897 --> 00:28:10,983 Take some notes. I'm going to teach you something. 498 00:28:11,483 --> 00:28:12,526 Okay. 499 00:28:13,610 --> 00:28:14,736 So listen to me. 500 00:28:14,820 --> 00:28:18,490 This is what I'm willing to do to counter the ridiculous narrative out there. 501 00:28:18,574 --> 00:28:23,203 First, I'm reducing my voting control from 20 votes per share to 10. 502 00:28:23,787 --> 00:28:27,291 Second, I'm appointing a lead independent director to the board. 503 00:28:27,374 --> 00:28:28,667 I thought you'd like that. 504 00:28:29,334 --> 00:28:33,213 Third, Rebekah will no longer choose my successor. 505 00:28:33,297 --> 00:28:38,260 And finally, finally, even though the board never objected 506 00:28:38,343 --> 00:28:42,222 and everything was entirely aboveboard, as you know, 507 00:28:42,306 --> 00:28:44,474 I'll be returning the 5.9 million 508 00:28:44,558 --> 00:28:47,227 that the company paid me for the We trademark. 509 00:28:48,770 --> 00:28:50,814 So you can see I'm giving here, Bruce. 510 00:28:50,898 --> 00:28:54,818 I'm giving. I'm giving, and I'm ready to receive. 511 00:28:57,529 --> 00:28:59,156 You bet on me once. 512 00:28:59,990 --> 00:29:01,867 Believe in me again. 513 00:29:01,950 --> 00:29:04,286 You understand? Believe in me. 514 00:29:08,498 --> 00:29:09,917 You're toxic. 515 00:29:12,044 --> 00:29:14,546 You killed the company. 516 00:29:19,426 --> 00:29:20,677 You don't resign, 517 00:29:21,803 --> 00:29:23,639 I'll break your fucking arm. 518 00:29:27,226 --> 00:29:28,268 Bruce. 519 00:29:35,526 --> 00:29:37,402 I know, I know. But thanks. 520 00:29:38,153 --> 00:29:39,696 Sorry I'm late, gentlemen. 521 00:29:40,614 --> 00:29:43,242 I can see you've gotten started. 522 00:29:43,325 --> 00:29:46,787 No, no-- Jamie, I did everything you asked me to. 523 00:29:46,870 --> 00:29:49,289 - I did it all. - You did nothing I asked you. 524 00:29:49,373 --> 00:29:51,124 I did everything you asked me to. 525 00:29:51,208 --> 00:29:54,878 Adam, we cannot take the company public with you as CEO. 526 00:29:54,962 --> 00:29:57,047 - No one will buy the stock. Adam. - No, no. 527 00:29:59,508 --> 00:30:01,260 Bruce, I-- 528 00:30:01,343 --> 00:30:04,346 No, no. I will never not be the CEO of WeWork. 529 00:30:04,429 --> 00:30:05,597 Okay. 530 00:30:07,933 --> 00:30:09,184 Let's look ahead, shall we? 531 00:30:09,268 --> 00:30:11,311 Please. To the future. 532 00:30:11,395 --> 00:30:16,066 WeWork will run out of cash sooner than you can imagine and go bankrupt. 533 00:30:16,984 --> 00:30:19,111 Your shares will go zero. 534 00:30:19,194 --> 00:30:23,657 The $380 million of personal loans that you've taken out against those shares 535 00:30:23,740 --> 00:30:26,118 will be called in, and you will be ruined, Adam. 536 00:30:27,077 --> 00:30:30,497 But, yeah, you'll still be CEO. 537 00:30:36,503 --> 00:30:39,298 We are not your enemies, Adam. You are. 538 00:30:41,675 --> 00:30:43,135 You are your own worst enemy. 539 00:30:53,187 --> 00:30:54,563 Shit. 540 00:30:58,942 --> 00:30:59,943 Well? 541 00:31:00,027 --> 00:31:01,153 Shit! 542 00:31:03,614 --> 00:31:05,490 It was an ambush. 543 00:31:05,574 --> 00:31:07,117 "Unnamed source says 544 00:31:07,201 --> 00:31:10,871 Bruce Dunlevie threatened to break Adam Neumann's arm 545 00:31:11,371 --> 00:31:13,790 if he doesn't step down as CEO." 546 00:31:14,374 --> 00:31:16,251 Just posted on BuzzFeed. 547 00:31:16,835 --> 00:31:19,004 I told you to stay in the foxhole. 548 00:31:19,087 --> 00:31:20,506 Judas! 549 00:31:21,381 --> 00:31:23,509 Judas and Judas. 550 00:31:26,136 --> 00:31:28,055 Masa, I know it's late there. 551 00:31:28,138 --> 00:31:30,098 Thank you for picking up. I'll keep it brief. 552 00:31:30,682 --> 00:31:32,684 - Adam. -You have billions at stake, 553 00:31:32,768 --> 00:31:35,229 and I am the only one who can safeguard that investment. 554 00:31:35,312 --> 00:31:39,983 You need me as CEO, and the company must IPO or it'll run out of cash. 555 00:31:40,067 --> 00:31:42,319 There will be no IPO. 556 00:31:42,402 --> 00:31:44,446 If you go forward with it, 557 00:31:45,864 --> 00:31:49,618 you will embarrass yourself, the company and me. 558 00:31:50,744 --> 00:31:51,745 Stand down. 559 00:31:51,828 --> 00:31:55,415 Masa, listen to me. With all due respect, I'm not going to stand down. 560 00:31:55,999 --> 00:31:57,876 I will not let you proceed. 561 00:31:57,960 --> 00:31:59,753 What do you mean, "not let" me? 562 00:31:59,837 --> 00:32:02,089 I will not let you. 563 00:32:02,172 --> 00:32:06,635 I will use all my power, all my resources, to block the IPO, 564 00:32:06,718 --> 00:32:09,263 and you will be left with nothing. 565 00:32:32,494 --> 00:32:34,997 But there's nothing to worry about. Adam's all-- 566 00:32:36,707 --> 00:32:39,084 You know I don't like it when you talk about him like that. 567 00:32:40,460 --> 00:32:42,671 No, I don't. No, it's not ok-- 568 00:32:42,754 --> 00:32:44,923 There is a spy outside the building! 569 00:32:45,007 --> 00:32:47,634 A spy. A spy! 570 00:32:47,718 --> 00:32:49,136 Daddy, let me call you back. 571 00:32:49,219 --> 00:32:51,513 Masa, Bruce, they've hired spies. 572 00:32:51,597 --> 00:32:52,806 Okay, honey. 573 00:32:53,599 --> 00:32:55,392 There's just not spies outside the building. 574 00:32:55,475 --> 00:32:57,603 - No. There is a spy-- - There could be. 575 00:32:57,686 --> 00:33:00,272 - Ju-- - Yes, yes, yes. 576 00:33:00,355 --> 00:33:03,609 He looked ex-Mossad, right? 577 00:33:03,692 --> 00:33:04,693 Why? 578 00:33:04,776 --> 00:33:06,945 - We're in trouble. - Why do you think he's a spy? 579 00:33:07,029 --> 00:33:09,865 Because he's standing outside the building, very intently 580 00:33:09,948 --> 00:33:11,700 listening in my conversation, eavesdropping. 581 00:33:11,783 --> 00:33:14,077 - Did he have a salt and pepper beard? - Yes, he had that salt. 582 00:33:14,161 --> 00:33:16,872 And sort of, like, sad hound dog eyes? 583 00:33:16,955 --> 00:33:18,749 - Yes. - Okay, my love. 584 00:33:18,832 --> 00:33:21,168 That is Mr. Fishman, in 4A. 585 00:33:21,251 --> 00:33:25,005 He smokes his horrible cigars outside every single day. 586 00:33:25,088 --> 00:33:27,216 He's lived in the building for 23 years. 587 00:33:27,299 --> 00:33:30,427 He's not a spy. It's all right. It's all right. 588 00:33:31,762 --> 00:33:33,805 Was this the call you were on? 589 00:33:36,808 --> 00:33:41,438 "Embattled CEO wanders NYC streets barefoot, looking frantic." 590 00:33:43,315 --> 00:33:44,942 It's definitely going viral. 591 00:33:45,025 --> 00:33:46,026 Viral? 592 00:33:46,109 --> 00:33:47,945 HomeGardenGnome commented, 593 00:33:48,028 --> 00:33:51,156 "No one who walks around barefoot in New York 594 00:33:51,240 --> 00:33:54,201 should be in charge of a multibillion-dollar company." 595 00:33:54,284 --> 00:33:56,870 BirdieBoy says, "Enjoy the ringworm." 596 00:33:56,954 --> 00:34:00,415 Enough, please. Please. Enough. 597 00:34:00,499 --> 00:34:04,127 Someone just made his bare feet an emoji. It's being used like a thumbs down. 598 00:34:04,211 --> 00:34:06,797 Machosammy, "Does he think he's Jesus?" 599 00:34:06,880 --> 00:34:08,257 Babygene7151, 600 00:34:08,340 --> 00:34:10,592 "He's walking around in filth and excrement. 601 00:34:10,676 --> 00:34:12,261 What a complete fucking nut--" 602 00:34:12,344 --> 00:34:13,971 Enough! 603 00:34:14,054 --> 00:34:17,933 He grew up on a fucking kibbutz. He likes to walk around barefoot. 604 00:34:18,016 --> 00:34:19,685 Is that a fucking crime? 605 00:34:38,370 --> 00:34:39,371 Let it go. 606 00:34:42,331 --> 00:34:43,417 The IPO? 607 00:34:44,001 --> 00:34:45,377 All of it. 608 00:34:47,713 --> 00:34:48,714 No. 609 00:34:53,719 --> 00:34:55,469 You said it was all for me? 610 00:34:56,929 --> 00:34:58,056 And it is. 611 00:35:00,309 --> 00:35:01,643 I don't need it. 612 00:35:05,147 --> 00:35:07,941 Let it go for me. For us. 613 00:35:19,328 --> 00:35:22,456 - You know what happens if I step down. - I know. 614 00:35:25,000 --> 00:35:26,502 But this… 615 00:35:28,795 --> 00:35:30,964 This is all that matters. 616 00:35:31,715 --> 00:35:34,927 You, me, the kids. 617 00:35:35,010 --> 00:35:37,012 We can live on the farm. 618 00:35:39,264 --> 00:35:41,350 We can be wild. We can 619 00:35:42,309 --> 00:35:45,062 howl at the moon like the old days. 620 00:35:52,778 --> 00:35:54,112 Will you howl with me? 621 00:36:04,748 --> 00:36:06,333 Money doesn't matter. 622 00:36:08,210 --> 00:36:11,672 The only people who say that are the ones who always had it. 623 00:36:11,755 --> 00:36:15,259 And maybe having too much is just as bad as not having any at all. 624 00:36:15,342 --> 00:36:17,219 Trust me, motek. 625 00:36:18,011 --> 00:36:19,012 It's not. 626 00:37:05,976 --> 00:37:07,352 Miggy-Migs. 627 00:37:07,436 --> 00:37:10,063 Hey. What are you doing here? 628 00:37:14,443 --> 00:37:15,611 São Paulo? 629 00:37:17,571 --> 00:37:20,574 Nope. This is Reykjavík. 630 00:37:21,158 --> 00:37:22,659 - In Iceland. - Reykjavik. 631 00:37:22,743 --> 00:37:25,871 Yeah, we found an old fish filet warehouse. 632 00:37:27,039 --> 00:37:28,123 Smelt. 633 00:37:28,749 --> 00:37:30,667 - Smelt? - Smelt. 634 00:37:31,877 --> 00:37:33,378 They're these little fish. 635 00:37:33,462 --> 00:37:34,755 Apparently, they reek. 636 00:37:36,131 --> 00:37:39,301 We spent 45,000 fumigating. 637 00:37:42,262 --> 00:37:43,847 Whoever smelt it dealt it. 638 00:37:47,601 --> 00:37:49,269 Whoever dealt it, felt it. 639 00:37:53,065 --> 00:37:55,901 Listen. You frustrate me. 640 00:37:57,986 --> 00:37:59,863 Like no one I've ever met. 641 00:38:01,448 --> 00:38:03,534 - Yeah. - You always have. 642 00:38:06,537 --> 00:38:07,788 But I love you. 643 00:38:13,544 --> 00:38:15,212 You don't deserve this. 644 00:38:18,131 --> 00:38:19,633 I love you too, Miguel. 645 00:38:23,220 --> 00:38:24,596 What are you going to do? 646 00:38:31,103 --> 00:38:32,521 The right thing. 647 00:38:33,564 --> 00:38:34,648 For once. 648 00:38:39,194 --> 00:38:40,571 Is there a motion? 649 00:38:40,654 --> 00:38:41,989 So moved. 650 00:38:42,656 --> 00:38:43,866 Is there a second? 651 00:38:43,949 --> 00:38:44,950 Seconded. 652 00:38:45,033 --> 00:38:46,827 Properly moved and seconded. 653 00:38:46,910 --> 00:38:51,039 All those in favor of removing Adam Neumann as CEO, 654 00:38:51,123 --> 00:38:53,709 please signify by saying, "Aye." 655 00:38:54,334 --> 00:38:55,335 Aye. 656 00:38:56,253 --> 00:38:57,254 Aye. 657 00:38:58,297 --> 00:38:59,464 Aye. 658 00:38:59,548 --> 00:39:00,924 Aye. 659 00:39:01,008 --> 00:39:02,134 Aye. 660 00:39:02,217 --> 00:39:03,218 Aye. 661 00:39:05,345 --> 00:39:06,388 Aye. 662 00:39:13,187 --> 00:39:14,188 Aye. 663 00:39:39,796 --> 00:39:42,716 Thank you all for making yourselves available 664 00:39:42,799 --> 00:39:44,760 at such late notice. 665 00:39:44,843 --> 00:39:47,930 I'm sure you have questions, and I do want to answer them, 666 00:39:48,013 --> 00:39:51,016 but if it's all right, I would like to say something first. 667 00:39:51,725 --> 00:39:54,478 When I marched into our architect's office 668 00:39:54,561 --> 00:39:57,481 with the six foundational principles of WeGrow, 669 00:39:58,065 --> 00:40:01,777 I told him, "Bjarke, we've got a deadline." 670 00:40:01,860 --> 00:40:02,986 'Cause… 671 00:40:04,238 --> 00:40:07,032 I knew, as a mom, 672 00:40:07,699 --> 00:40:12,955 that it was my responsibility to use everything I have learned in this world 673 00:40:13,038 --> 00:40:15,499 to reimagine early childhood education. 674 00:40:15,582 --> 00:40:17,251 Not just for my kids. 675 00:40:19,127 --> 00:40:20,921 But for all children. 676 00:40:24,174 --> 00:40:26,927 What I didn't know was that… 677 00:40:30,681 --> 00:40:34,810 this school would become my sixth child. 678 00:40:34,893 --> 00:40:35,894 My… 679 00:40:38,689 --> 00:40:41,733 proudest achievement after my own family. 680 00:40:46,655 --> 00:40:50,075 Which is why it breaks my heart to tell you 681 00:40:50,158 --> 00:40:53,203 that WeGrow will be closing at the end of this school year. 682 00:40:55,163 --> 00:40:57,291 Schools locked next year's admissions months ago. 683 00:40:57,374 --> 00:41:00,294 - My child is on scholarship. - Rebekah, what's happening? 684 00:41:00,377 --> 00:41:04,423 I hear you, I hear you and I promise you, 685 00:41:04,506 --> 00:41:07,759 each and every one of your children 686 00:41:07,843 --> 00:41:11,847 has learned the meaning of resilience and adaptability. 687 00:41:11,930 --> 00:41:14,141 What the fuck are you talking about? 688 00:41:14,224 --> 00:41:17,811 Resilience and adaptability won't pay for my kid's tuition. 689 00:41:17,895 --> 00:41:19,563 Okay. Okay… 690 00:41:20,564 --> 00:41:23,192 So, okay, we'll-- Loo-- I-- 691 00:41:24,902 --> 00:41:27,404 - Start your own school. - You can't be serious. 692 00:41:27,487 --> 00:41:28,488 Fuck you, Rebekah. 693 00:41:29,573 --> 00:41:31,491 - Yeah. - No way. 694 00:41:39,333 --> 00:41:42,211 "While our business has never been stronger, 695 00:41:42,294 --> 00:41:44,838 in recent weeks the scrutiny directed toward me 696 00:41:44,922 --> 00:41:47,299 has become a significant distraction. 697 00:41:48,091 --> 00:41:52,179 I have decided that it is in the best interest of the company to step down 698 00:41:52,262 --> 00:41:53,388 as chief executive." 699 00:41:53,472 --> 00:41:55,224 - Jesus. - Fucking dick. 700 00:41:56,183 --> 00:41:57,184 Hey, Chloe. 701 00:42:00,562 --> 00:42:03,440 She sold that bag to a woman on the Upper East Side. 702 00:42:04,149 --> 00:42:05,484 She lost $5,000. 703 00:42:05,567 --> 00:42:06,485 What? 704 00:42:06,568 --> 00:42:08,111 I told her to get it. 705 00:42:09,071 --> 00:42:11,865 Hey, where's Bea? I haven't seen her in a while. 706 00:42:12,950 --> 00:42:15,452 Bea got accepted to HBS. She peaced out. 707 00:42:15,536 --> 00:42:17,246 Bea got into Harvard Business School? 708 00:42:17,329 --> 00:42:18,247 - Yeah. - Yeah. 709 00:42:18,330 --> 00:42:20,249 She wrote her admissions essay about WeWork 710 00:42:20,332 --> 00:42:21,750 and how not to grow a start-up. 711 00:42:23,126 --> 00:42:24,962 Guys. Everyone. 712 00:42:25,712 --> 00:42:27,422 I think he's about to start. 713 00:42:27,965 --> 00:42:29,633 Everyone, can you come, please? 714 00:42:30,592 --> 00:42:34,263 Guys from the computers, can you bring it around? 715 00:42:44,356 --> 00:42:45,774 Are you gonna sing? 716 00:42:47,317 --> 00:42:48,652 No, I'm not gonna sing. 717 00:42:49,695 --> 00:42:51,905 I know that this has been a… 718 00:42:52,990 --> 00:42:56,910 confusing and stressful time. 719 00:42:56,994 --> 00:42:59,955 And I know there's been a lot of rumors and speculation. 720 00:43:00,914 --> 00:43:03,083 About what's happening. 721 00:43:06,295 --> 00:43:11,675 So, I thought you should hear about the future of our company. 722 00:43:11,758 --> 00:43:13,594 Of your company… 723 00:43:16,555 --> 00:43:18,682 directly from its new CEO. 724 00:43:19,266 --> 00:43:20,934 - So… - Okay. 725 00:43:24,688 --> 00:43:26,315 - Cameron Lautner. - What? 726 00:43:26,398 --> 00:43:27,691 So, Cam. 727 00:43:28,400 --> 00:43:29,610 Is this a joke? 728 00:43:30,194 --> 00:43:32,446 - Come on. - Whoa. 729 00:43:44,750 --> 00:43:46,335 Adam Neumann. 730 00:43:46,418 --> 00:43:48,003 Boo. 731 00:43:50,506 --> 00:43:52,591 Adam Neumann. 732 00:43:54,134 --> 00:43:56,637 He's been called lots of things, hasn't he? 733 00:43:57,554 --> 00:43:59,097 What is he, a visionary? 734 00:44:00,057 --> 00:44:03,810 Unicorn? Maverick? A magician? 735 00:44:04,811 --> 00:44:10,108 And like a magician, he's tried to perform a sleight of hand 736 00:44:10,192 --> 00:44:12,027 over the entire financial world. 737 00:44:12,110 --> 00:44:17,574 Crafted an illusion that you all were part of something bigger. 738 00:44:18,158 --> 00:44:21,203 What were you gonna do? Raise the world's consciousness? 739 00:44:21,286 --> 00:44:25,040 Solve world hunger? Care for all the world's orphans? 740 00:44:25,123 --> 00:44:28,418 Excuse me, how the fuck is a shared work space company 741 00:44:28,502 --> 00:44:30,087 supposed to do any of that? 742 00:44:30,671 --> 00:44:33,632 He deluded you. He did! 743 00:44:33,715 --> 00:44:36,927 And what's worse is you deluded yourselves. 744 00:44:37,845 --> 00:44:39,721 Because you forgot what every child knows. 745 00:44:39,805 --> 00:44:41,682 Unicorns don't exist. 746 00:44:42,391 --> 00:44:46,144 They don't. Sorry to be the bearer, but that's the truth. 747 00:44:46,228 --> 00:44:48,146 No matter how much we might want them to. 748 00:44:48,230 --> 00:44:51,525 So I think it's about time that we got really honest 749 00:44:51,608 --> 00:44:53,986 about what we actually do here. 750 00:44:54,069 --> 00:44:56,780 We're not here to raise the world's consciousness. 751 00:44:56,864 --> 00:44:59,658 That's not how capitalism works. 752 00:44:59,741 --> 00:45:03,537 We're here to earn value for our investors, 753 00:45:03,620 --> 00:45:07,583 and we're going to do that by providing high-quality shared work spaces 754 00:45:07,666 --> 00:45:09,501 at a competitive price. 755 00:45:09,585 --> 00:45:14,548 And what are you going to get in return? A fair wage and real profit sharing. 756 00:45:14,631 --> 00:45:18,010 Adam says, "Do what you love"? Is that right? 757 00:45:18,093 --> 00:45:22,181 "Do what you love, the money, oh, it will follow." 758 00:45:22,264 --> 00:45:23,182 What? 759 00:45:23,891 --> 00:45:26,852 No, sir. Excuse me, it's hard work. 760 00:45:26,935 --> 00:45:30,230 That's the truth of it, isn't it? It's hard fucking work. 761 00:45:30,314 --> 00:45:32,441 Work sucks and that's what you've got to do. 762 00:45:32,524 --> 00:45:35,736 That, along with a little bit of luck, and then you'll make the moola. 763 00:45:35,819 --> 00:45:39,781 So, I want to know who's with me. 764 00:45:41,200 --> 00:45:45,287 Who's ready to put down these childish fantasies 765 00:45:45,370 --> 00:45:48,874 of saving the world and unicorns, 766 00:45:48,957 --> 00:45:54,546 and who wants to be part of a real, sustainable company, 767 00:45:54,630 --> 00:45:57,799 with a future that you can really believe in? 768 00:45:58,383 --> 00:46:00,969 - Who's ready? Let me hear you. - Yeah. 769 00:46:01,970 --> 00:46:03,931 Look, there's an adult in charge now. 770 00:46:04,848 --> 00:46:06,183 And I assure you, 771 00:46:07,392 --> 00:46:10,270 WeWork's best days are ahead. 772 00:46:11,188 --> 00:46:13,315 Thank you for your time. Go back to work. 773 00:46:19,238 --> 00:46:20,739 We're fucked. 774 00:46:23,450 --> 00:46:24,660 We're fucked! 775 00:46:25,911 --> 00:46:28,580 I divested from the wave pool company, sold "Air Cannabis," 776 00:46:28,664 --> 00:46:30,290 whatever he was calling that fucking jet. 777 00:46:30,374 --> 00:46:32,751 Got rid of that goddamn school, and we're still bleeding money 778 00:46:32,835 --> 00:46:34,419 out of our fucking tits. 779 00:46:34,503 --> 00:46:35,838 We need to do something. 780 00:46:37,881 --> 00:46:38,882 Layoffs. 781 00:46:38,966 --> 00:46:42,302 Layoffs means severance. Severance means money. 782 00:46:42,386 --> 00:46:44,721 We don't have-- We can't afford to fucking fire people, 783 00:46:44,805 --> 00:46:46,390 that's how fucked we are-- Yes? 784 00:46:46,473 --> 00:46:49,101 You have the board meeting in a half-hour. You should get going. 785 00:46:53,981 --> 00:46:55,107 Okay. 786 00:46:55,190 --> 00:46:56,525 Okay. Come on. 787 00:46:56,608 --> 00:46:58,652 We gotta do something, gotta say something, boy. 788 00:46:58,735 --> 00:47:00,237 Gotta say something. 789 00:47:02,489 --> 00:47:04,533 I don't know what-- 790 00:47:06,910 --> 00:47:08,203 What would Adam do? 791 00:47:10,080 --> 00:47:12,666 We need cash. Simple as that. 792 00:47:12,749 --> 00:47:15,752 We need cash or WeWork's gonna run out of money. 793 00:47:15,836 --> 00:47:17,963 - When? - Under two months. 794 00:47:18,046 --> 00:47:19,089 What? Are you serious? 795 00:47:19,173 --> 00:47:22,467 How are we finding out about this now? How is that possible? 796 00:47:22,551 --> 00:47:24,469 Go on, Miguel. Why don't you tell them how you and Adam 797 00:47:24,553 --> 00:47:25,846 cocked this whole thing up? 798 00:47:28,015 --> 00:47:31,226 We accelerated expansion ahead of the IPO. 799 00:47:31,310 --> 00:47:32,436 Okay. 800 00:47:32,519 --> 00:47:35,022 Construction is expensive, especially when you're trying to rush it. 801 00:47:35,105 --> 00:47:37,524 - Yeah. Of course. - No shit. 802 00:47:37,608 --> 00:47:41,195 You were the guys who wanted to impress the markets, so-- 803 00:47:41,278 --> 00:47:44,114 All right, that-- that stops now. 804 00:47:44,198 --> 00:47:46,074 No more new locations. 805 00:47:46,158 --> 00:47:47,367 We already signed the leases. 806 00:47:47,451 --> 00:47:48,535 Oh, Jesus. 807 00:47:48,619 --> 00:47:49,453 How many? 808 00:47:50,370 --> 00:47:51,413 We're doubling in size. 809 00:47:51,496 --> 00:47:54,708 - That's fucking stupid. - Time out. Time out! You said double? 810 00:47:54,791 --> 00:47:57,377 All right, all right. So… 811 00:47:57,461 --> 00:47:59,379 We're in a bit of a pickle, aren't we? 812 00:47:59,463 --> 00:48:01,590 We need billions of dollars, right? 813 00:48:01,673 --> 00:48:05,135 And we need it in the next eight weeks, so who do we know? 814 00:48:05,219 --> 00:48:09,181 Well, we have at least one investor with pockets deep enough to do that. 815 00:48:09,264 --> 00:48:10,265 SoftBank. 816 00:48:10,349 --> 00:48:15,187 They won't come in now. Not while Adam has the controlling vote. 817 00:48:15,270 --> 00:48:16,605 He's stepped down as CEO, 818 00:48:16,688 --> 00:48:18,649 but the prick still has the majority of shares. 819 00:48:18,732 --> 00:48:22,236 Which means, CEO or not, we can't override his vote. 820 00:48:22,319 --> 00:48:23,612 Shit. 821 00:48:26,448 --> 00:48:28,325 That fucking wanker. 822 00:48:30,994 --> 00:48:32,788 Money doesn't matter. 823 00:48:32,871 --> 00:48:36,208 The only people who say that are the ones who always had it. 824 00:48:36,291 --> 00:48:40,003 And maybe having too much is just as bad as not having any at all. 825 00:48:40,087 --> 00:48:41,797 Trust me, motek. 826 00:48:42,631 --> 00:48:43,882 It's not. 827 00:48:53,267 --> 00:48:55,811 And the only one who knows that more than me 828 00:48:56,770 --> 00:48:57,855 is Masa. 829 00:48:57,938 --> 00:48:59,606 You see what he's doing here, right? 830 00:48:59,690 --> 00:49:04,319 Adam knows Masa is trying to raise $100 billion for Vision Fund 2. 831 00:49:04,945 --> 00:49:07,447 That's going to be impossible if the fucking crown jewel 832 00:49:07,531 --> 00:49:10,284 of Vision Fund 1 has gone bankrupt, right? 833 00:49:11,201 --> 00:49:14,454 Yeah, but if WeWork goes bankrupt, 834 00:49:14,538 --> 00:49:17,291 all of Adam's lenders are coming for him. 835 00:49:18,125 --> 00:49:19,418 He'll lose everything. 836 00:49:20,544 --> 00:49:23,213 Well, I guess it comes down to one question then, doesn't it? 837 00:49:23,297 --> 00:49:25,257 Sorry, what question? 838 00:49:27,050 --> 00:49:28,594 Who's gonna blink first? 839 00:49:59,166 --> 00:50:00,375 Masa. 840 00:50:01,001 --> 00:50:02,836 You're the crazier one. 841 00:50:06,131 --> 00:50:09,343 500 million for you to sell your shares. 842 00:50:12,429 --> 00:50:13,430 Adam? 843 00:50:14,515 --> 00:50:15,807 Are you still there? 844 00:50:19,102 --> 00:50:20,437 Yes. 845 00:50:21,021 --> 00:50:22,481 Did you hear my offer? 846 00:50:22,564 --> 00:50:23,649 Yes. 847 00:50:25,901 --> 00:50:27,027 Well? 848 00:50:30,280 --> 00:50:31,281 No. 849 00:50:42,626 --> 00:50:43,961 What did he say? 850 00:50:45,546 --> 00:50:49,049 He made an offer. He'll make another one. 851 00:50:52,177 --> 00:50:53,971 Are you sure? 852 00:50:54,054 --> 00:50:57,474 A high-stakes standoff is playing out behind closed doors 853 00:50:57,558 --> 00:50:59,726 over the fate of WeWork. 854 00:51:41,643 --> 00:51:42,644 Yes? 855 00:51:42,728 --> 00:51:44,813 Adam Neumann essentially getting to ride off 856 00:51:44,897 --> 00:51:48,400 into the sunset, like you said there, with a golden parachute. 857 00:51:48,483 --> 00:51:52,446 This deal includes $975 million 858 00:51:52,529 --> 00:51:56,325 for a cap-out to buy shares that Neumann owns, 859 00:51:56,408 --> 00:51:58,535 $500 million for a loan 860 00:51:58,619 --> 00:52:03,081 and $185 million for a "consulting fee." 861 00:52:03,165 --> 00:52:05,209 He's now going to step down from the board, 862 00:52:05,292 --> 00:52:10,839 and this will see SoftBank take 80% of this troubled company. 863 00:52:10,923 --> 00:52:13,550 We're already seeing some employees really worried 864 00:52:13,634 --> 00:52:16,595 about what this massive payout for Adam Neumann means. 865 00:54:33,524 --> 00:54:34,525 See? 866 00:54:35,108 --> 00:54:36,944 This is all we need. 867 00:54:37,903 --> 00:54:41,990 Water, sun, air, us. 868 00:54:43,492 --> 00:54:44,910 I feel reborn. 869 00:54:51,083 --> 00:54:52,084 What? 870 00:54:53,460 --> 00:54:54,837 Just got the email. 871 00:54:55,921 --> 00:54:57,130 It's official. 872 00:54:58,590 --> 00:54:59,591 Ho-- 873 00:54:59,675 --> 00:55:03,053 It's the rights for the curriculum for WeGrow. 874 00:55:03,136 --> 00:55:04,513 I bought them for you. 875 00:55:07,349 --> 00:55:09,518 Of course, we can't use the name WeGrow, 876 00:55:10,686 --> 00:55:12,521 but I know you'll think of something. 877 00:55:19,278 --> 00:55:20,946 Thank you so much. 878 00:55:21,029 --> 00:55:23,198 No, thank you. Thank you. 879 00:55:26,994 --> 00:55:29,955 Oh, wait, honey. Adam, your goggles. 880 00:55:30,038 --> 00:55:32,124 Don't worry about me. I know the Dead Sea. 881 00:55:32,207 --> 00:55:33,792 I'm an old Navy man. 882 00:55:33,876 --> 00:55:37,004 Okay, just please. The salt, your eyes, just-- 883 00:55:37,546 --> 00:55:40,674 How are you doing? Do you want to watch your daddy swim? 884 00:55:40,757 --> 00:55:43,760 You want to watch me? I'm going look for a whale. Okay. 885 00:55:43,844 --> 00:55:47,181 I'm going to bring one back for you. You watch! 886 00:55:59,651 --> 00:56:00,736 Adam! 887 00:56:07,201 --> 00:56:08,202 Hello? 888 00:56:08,702 --> 00:56:10,370 Oh, Rebekah. How are you? 889 00:56:10,454 --> 00:56:12,331 How is Tel Aviv? 890 00:56:12,414 --> 00:56:13,498 Good. 891 00:56:14,124 --> 00:56:16,668 Good. I'm looking for Adam. 892 00:56:16,752 --> 00:56:19,296 Yeah. He just went for a swim, 893 00:56:19,379 --> 00:56:22,883 but do you want to leave a message? 894 00:56:23,509 --> 00:56:26,678 No, no. No message. Just a question. 895 00:56:26,762 --> 00:56:28,555 For you. 896 00:56:28,639 --> 00:56:29,890 Okay. 897 00:56:31,391 --> 00:56:34,561 Who wins in a fight? The smart one or the crazy one? 898 00:56:35,145 --> 00:56:36,647 What? 899 00:56:36,730 --> 00:56:38,899 Who wins in a fight? 900 00:56:38,982 --> 00:56:41,443 The smart one or the crazy one? 901 00:56:46,949 --> 00:56:48,158 The smart one. 902 00:56:48,784 --> 00:56:50,869 You're smarter than your husband. 903 00:56:50,953 --> 00:56:52,454 He said the crazy one. 904 00:56:53,914 --> 00:56:55,541 But it's a trick question. 905 00:56:55,624 --> 00:56:58,001 It's not the smart one or the crazy one. 906 00:57:01,088 --> 00:57:02,130 Then who? 907 00:57:03,715 --> 00:57:06,426 The one with all the money. 908 00:57:11,223 --> 00:57:13,892 I-I don't understand, what are you… 909 00:57:16,854 --> 00:57:19,064 You will never get that buyout package. 910 00:57:19,147 --> 00:57:20,899 Not a single penny. 911 00:57:20,983 --> 00:57:22,526 I will make sure of it. 912 00:57:26,029 --> 00:57:28,365 You and Adam have a deal. 913 00:57:29,283 --> 00:57:32,870 The next time we speak will be through lawyers. 914 00:57:34,413 --> 00:57:35,372 Ma-- 915 00:57:35,873 --> 00:57:36,874 A-- 916 00:57:39,001 --> 00:57:40,002 Adam. 917 00:57:40,085 --> 00:57:43,839 Adam. Adam. Adam. 918 00:57:43,922 --> 00:57:45,465 Adam, the money. 919 00:57:46,758 --> 00:57:48,051 The money! 920 00:57:49,636 --> 00:57:51,722 My eyes. My eyes! 921 00:57:51,805 --> 00:57:53,891 - Adam, the money! - I can't see! 922 00:57:53,974 --> 00:57:55,851 - Adam! - My eyes, I can't see. 923 00:57:55,934 --> 00:57:57,352 I can't see. 924 00:57:57,436 --> 00:57:58,395 Adam! The money! 925 00:57:58,478 --> 00:58:00,647 Help us! Please! 926 00:59:05,712 --> 00:59:07,881 When I met Rebekah about nine years ago, 927 00:59:07,965 --> 00:59:12,094 and then she was my girlfriend, um, I weighed about 20 pounds less than today. 928 00:59:12,177 --> 00:59:14,596 I was smoking two packs of cigarettes a day, 929 00:59:14,680 --> 00:59:16,765 I had a lot of very unhealthy habits. 930 00:59:16,849 --> 00:59:19,977 And even though I was a big talker, I had nothing to show for it. 931 00:59:20,060 --> 00:59:22,020 The first thing she told me is, 'You're full of shit.'' 932 00:59:22,104 --> 00:59:23,397 That was the first thing. 933 00:59:23,480 --> 00:59:27,109 "You talk like you are all that, you literally can't even buy me dinner." 934 00:59:27,192 --> 00:59:29,236 She said, "Even though this-- I do believe in equality 935 00:59:29,319 --> 00:59:30,654 between men and women." She said, 936 00:59:30,737 --> 00:59:32,990 "It's okay if you paid for dinner one time, it's not a bad thing." 937 00:59:33,073 --> 00:59:35,617 Because I would offer to pay, being polite, and he would accept. 938 00:59:35,701 --> 00:59:38,745 Which just was completely strange for an American girl. 939 00:59:38,829 --> 00:59:40,873 And she said-- she said to me, 940 00:59:40,956 --> 00:59:44,668 "If you don't immediately stop chasing the wrong thing, 941 00:59:44,751 --> 00:59:46,420 actually find your passion, 942 00:59:46,503 --> 00:59:48,964 find what it is that makes a difference for you. 943 00:59:49,047 --> 00:59:52,676 Find, and then take that, mix it with what you do, what you love at the most." 944 00:59:52,759 --> 00:59:54,595 Which in my case is bringing people together. 945 00:59:54,678 --> 00:59:56,805 And I do happen to love buildings, I don't know why. 946 00:59:56,889 --> 00:59:59,474 "If you don't find a way to bring these two things together 947 00:59:59,558 --> 01:00:01,476 and really do something meaningful for the world, 948 01:00:01,560 --> 01:00:04,062 not only will nothing you do never really work, 949 01:00:04,146 --> 01:00:06,940 even if something did work, you'll never feel fulfilled." 950 01:00:07,024 --> 01:00:09,693 She said, "My suggestion for you is, drop everything you're doing, 951 01:00:09,776 --> 01:00:11,028 go find something real. 952 01:00:11,111 --> 01:00:14,114 Stop worrying about the bottom line, because it's not about that. 953 01:00:14,198 --> 01:00:17,534 Redefine success and fulfillment as something greater than yourself, 954 01:00:17,618 --> 01:00:20,287 and the rest will follow." I have to say, I did all of that. 955 01:00:20,370 --> 01:00:22,122 - Rebekah, I want to say thank you. - Adam, my love. 956 01:00:22,206 --> 01:00:24,124 - I'd be nothing without you. - Well put.