<story><title>SoftBank to write down WeWork by $6.6B, compounding portfolio misery</title><url>https://mobile.reuters.com/article/idUSKBN22C011</url></story><parent_chain><item><author>Droobfest</author><text>&lt;i&gt;The highly leveraged conglomerate has been forced into selling major assets to raise funds, but could receive a big boost from the Bank of Japan’s plan to expand corporate bond buying, which would support its predilection for borrowing.&lt;/i&gt;&lt;p&gt;The Japanese taxpayer (Yen-holder) having to support the losses of Adam Neumann&amp;#x27;s personal money tree seems pretty crazy to me.</text></item></parent_chain><comment><author>LordOfWolves</author><text>This sounds a bit similar to - and just as ludicrous as - American taxpayers financially assisting or “bailing out” massive companies which were&amp;#x2F;are so bad at cash flow management that their runway was&amp;#x2F;is only 1-3 months, despite hundreds of millions - if not billions - in annual revenue and a varying chunk of that being profit.</text></comment>
<story><title>SoftBank to write down WeWork by $6.6B, compounding portfolio misery</title><url>https://mobile.reuters.com/article/idUSKBN22C011</url></story><parent_chain><item><author>Droobfest</author><text>&lt;i&gt;The highly leveraged conglomerate has been forced into selling major assets to raise funds, but could receive a big boost from the Bank of Japan’s plan to expand corporate bond buying, which would support its predilection for borrowing.&lt;/i&gt;&lt;p&gt;The Japanese taxpayer (Yen-holder) having to support the losses of Adam Neumann&amp;#x27;s personal money tree seems pretty crazy to me.</text></item></parent_chain><comment><author>Traster</author><text>Softbank walked away from the planned bailout of Neumann, so that $1Bn golden parachute for Neumann is long gone. Now he has to sue softbank to try and get it back but there&amp;#x27;s just no way it&amp;#x27;s ever going to happen.</text></comment>