Why WeWork founder Adam Neumann is getting $1.7 billion to leave the company he ran into the ground

WeWork founder and former CEO Adam Neumann drove his coworking company’s valuation to a whopping $47 billion by selling investors on his personality and the idea that he was revolutionizing real estate through tech. He also steered the company — through a series of poor and avoidable decisions — into near oblivion. Now the company’s biggest investor, SoftBank, is paying him $1.7 billion to leave the company and most of his stock behind.

That means, as Recode’s Pivot podcast co-host Scott Galloway pointed out, Neumann is getting about $850,000 for each of the 2,000 employees WeWork is

White UConn students were arrested for shouting the n-word. Black students say the incident is part of a larger problem.

For more than a week, students at the University of Connecticut have been outraged over a recent video showing a small group of white students walking on campus, yelling the n-word. As anger over the incident has grown, UConn’s black students have stressed that the controversy highlights a long-standing set of problems on their campus: Racist acts are continuing to alienate the school’s black students, and UConn’s administration is not doing enough to punish students for it.

The current controversy stems from an 11-second video that spread online after it was recorded on October 11 by a black UConn student …

Top US diplomat to Ukraine testifies there was a quid pro quo

The top US diplomat in Ukraine just told lawmakers that President Donald Trump wanted hundreds of millions in military aid to the Eastern European country held up until it agreed to investigate Joe Biden’s family and another conspiracy theory related to Democrats.

In other words, there was a quid pro quo — one that could eventually lead to Trump’s impeachment in the House and even more trouble with the Senate.

William Taylor, the acting US ambassador to Ukraine, testified in front of three House committees on Tuesday as part of the Democratic-led impeachment inquiry. He’s the latest in a parade …

3 key solutions to California’s wildfire safety blackout mess

Seemingly overnight, California has been forced to confront a grim new reality: Hundreds of thousands of its residents are regularly going to have their power cut off for days at a time so that their electric utilities can avoid starting wildfires.

The problem — which I described in detail last week — is intrinsic to what the state is trying to do, namely deliver electricity to millions of residents in often mountainous, forested areas growing hotter and dryer every year. There is probably no way for utilities to do that without starting some fires and/or cutting off the power to …

Justin Trudeau’s Liberals win Canada’s election

Canadian Prime Minister Justin Trudeau’s Liberal Party has won the 2019 Canadian federal election, according to a projection from the Canadian Broadcasting Company (CBC). While the Liberals lost seats in parliament, controlling only a plurality of seats rather than an outright majority, they still have enough to keep control of government.

This was an especially bitter campaign in Canada. Trudeau’s government had been rocked by two serious scandals, one involving photos of the prime minister in blackface and brownface, the other involving political interference with a federal prosecution. His campaign went negative — attacking Andrew Scheer, the leader of …

Watch the final trailer for Star Wars: Episode IX — The Rise of Skywalker

The beginning of the end of Star Wars is upon us: Lucasfilm has released the final trailer for Star Wars: Episode IX — The Rise of Skywalker, the last installment of the current Star Wars trilogy.

And just in case you may have forgotten that it’s the end, the trailer sets up the goodbye. It opens with Rey adventuring solo, then cuts to her found family — Poe, Finn, Chewbacca — as they gather up for their one last fight against Kylo Ren and the apparent return of archvillain Emperor Palpatine. Rey and Ren have a few duels, …

Vox Sentences: School’s still out in Chicago

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CTU workers stand strong on the picket lines

  • A strike by the Chicago Teachers Union enters its fifth day after negotiations between CTU and Chicago Public Schools failed to come to a resolution. [ABC7 Chicago]
  • 32,000 educators and school employees took up signs and formed a picket lines to demand better wages, smaller class sizes, and the hiring of more support