Melvin Backman
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WeWork Founder Adam Neumann Abandons Bid to Regain Control of the Company
Adam Neumann is going to end his effort to buy WeWork. The Wall Street Journal reports that the company’s once-jettisoned founder has changed his mind about trying to regain control of it. “For several months, we tried to work constructively with WeWork to create a strategy that would allow it to thrive,” Neumann reportedly said…
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Spirit Airlines CEO Calls the Airline Industry a ‘Rigged Game’
Spirit Airlines CEO Ted Christie is definitely not bitter about how things went down with the JetBlue Airways merger that was halted by the Justice Department before eventually being abandoned. He told listeners on the company’s earnings call, which discussed numbers so dour they sent Spirit shares down nearly 10% in Monday trading, that he…
