Neumann, who at that point was still CEO of WeWork, flew to Seattle in early 2018 to meet with Schultz about WeWork's retail ambitions. Schultz gave Neumann a piece of advice based on his own experience, according to Wiedeman: After Schultz took over as CEO and Starbucks started to grow rapidly, Schultz said he wished he'd paused that growth for six months in order to address some core issues within Starbucks' business, issues that would come back to haunt the company later.
According to Wiedeman, at that point in time, executives within WeWork were asking Neumann for exactly that: the opportunity to slow down growth in order to create a system for sales and for leasing new spaces, and to better organize the company's construction process.Neumann chose not to heed Schultz's advice, however.
Representatives for Neumann and Schultz did not immediately respond to Business Insider's request for comment on the meeting.
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Hubris has consequences.
Howard Schultz, my ex boss, knows how to treats his employees, make them valuable and show such a good respect as a human
Who thinks Bitcoin is going to get a huge weekend Pump? All the nerds 🤓 are getting 💰 rich and telling their buddies 'I told you so!!!' The PayPal adoption is cranking it. GO BITCOIN!!
Why did he ask for advice in the first place if he won’t apply them?! Narcissist personality.
On the upside, I am sure his arrogance will become a case study in many business schools. In his mind he’s...
Oh great
WeWork is very close to bankruptcy. Business models like these are propped up by low interest rates. Election2020 COVID Covid_19 coronavirus StockMarket BREAKING BreakingNews SaturdayVibes SaturdayMorning SaturdayMotivation
Whts meaning of scam its wework
I was just thinking about WeWork last week.
Sounds like someone enjoys being in a members-only retreat.
Move fast and break things vs. Move slow and fix things... I wonder which motto are most high growth companies adopting nowadays 🤔
Pashinyan arrested in women's dress (Video)
Sound advice not taken well.
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