WeWork is relying on JPMorgan arranging $2bn of financing to keep it afloat according to DealBreaker. Team Dimon is the logical place for the co-workspace operators new CEO’s to look for help, considering the bank's relationship with the company to date. While $2bn isn’t a dangerous amount of money for JPMorgan to extend, it could be the tipping point that makes WeWork 2.0 the banks problem to solve, given that, as DealBreaker point out in their report, “[s]ince its inception, WeWork's business model has been built around leveraging JPMorgan's relationships and expertise to build an ecosystem where entrepreneurs can scale up quickly without having to Should JPMorgan decide to bail out the company DealBreaker recommends the cash comes with the condition that former JPMorgan COO, and once potential Jamie Dimon successor, Matt Zames is appointed CEO.
WeWork is relying on JPMorgan arranging $2bn of financing to keep it afloat according to DealBreaker. Team Dimon is the logical place for the co-workspace operators new CEO’s to look for help, considering the bank's relationship with the company to date. While $2bn isn’t a dangerous amount of money for JPMorgan to extend, it could be the tipping point that makes WeWork 2.0 the banks problem to solve, given that, as DealBreaker point out it's “apparently quite clear that SoftBank is going nowhere near this”. Should JPMorgan decide to bail out the company DealBreaker recommends the cash comes with the condition that former JPMorgan COO, and once potential Jamie Dimon successor, Matt Zames is appointed CEO.