But as David Erickson, a senior finance fellow at Wharton business school, puts it, the problem with blaming the bankers “is that you don’t get hired for telling somebody that their baby’s ugly”.
So we should spare a moment to remember the board, which has a responsibility to provide the kind of ugly-baby feedback that could have spared WeWork some of its agonies.
‘Enforcement 40’ for 2020
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