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


Jamie Dimon says that he has learned lessons from his bank’s advisory work for WeWork this year, and that he believes the co-working 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.

“We want them to do that,” Dimon continued. “We don’t want them to lay off 14,000 people and have bankruptcy or something like that. There are a lot of lessons to be learned on the way by everybody involved, and I’ve learned a few myself.”

Among lessons are that companies should have “proper corporate governance” and an independent board before filing to go public, he…


Boeing chairman remarks eased my concerns about 737 Max woes

Previous article

People are going to the mall to eat at the food court, not shop: UBS

Next article

You may also like

Leave a Reply

Notify of

More in Investing