🤝 WeWork Emerges from Bankruptcy

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Whiskey: The Tangible Asset for Your Portfolio

Most people fail to diversify their investments. They invest all their money in intangible assets like stocks, bonds, and crypto. The solution - fine whiskey. 

Whiskey is a tangible asset, providing a unique appeal compared to other investments. Casks of whiskey have measurable attributes like size, age, and weight, making their value indisputable. This physical nature allows for clear identification of issues and adjustments to safeguard future value.  V

inovest’s expertise in managing these tangible assets ensures your whiskey casks are stored and insured to the highest standards, enhancing their worth over time. Discover how this tangible, appreciating asset can enhance your investment portfolio.

Data Digest: Guess the Stat - Reveal!

Here's the answer to this week's Data Digest poll stat!

• Goal-setting on Mondays can increase overall productivity by 20-25%.

Setting goals involves creating a plan to motivate and guide individuals to the desired end result.

The SMART methodology is a goal-setting tool used make aspirations more achievable. Grab the Free Tips and Tricks Guide: "SMART Goals Quick Reference Guide" to help get you started.

Business

WeWork Emerges from Bankruptcy

WeWork has officially emerged from bankruptcy, a significant milestone for the co-working office space provider that once captivated Wall Street. Following its Chapter 11 bankruptcy filing in November, the company has restructured to eliminate over $4 billion in debt, raised $400 million in additional equity, and reduced its future lease obligations by half, projecting $12 billion in savings. Now operating as a private entity, WeWork has also trimmed its real estate footprint by exiting 170 unprofitable locations, reducing its portfolio to about 600 sites across 37 countries.

As WeWork moves forward, John Santora, a veteran from Cushman & Wakefield, steps in as the new CEO, succeeding David Tolley. Santora, the fourth CEO in five years, aims to capitalize on the strong demand for flexible workspaces, despite challenges in the commercial real estate market post-pandemic. With a revamped leadership team and a new board dominated by representatives from Yardi Systems, WeWork is positioned for a potential turnaround, though the long-term profitability and success of the company remain uncertain.

Not Resigning…… Southwest CEO Brushes Off Hedge Fund's Calls to Resign

Southwest Airlines CEO Robert Jordan announced on Wednesday that he will not resign despite pressure from hedge fund Elliott Investment Management, which seeks to replace him and Chairman Gary Kelly. Jordan stated that Southwest will unveil its own plan to boost financial performance in September, potentially involving changes to boarding and seating policies. Elliott, which recently acquired a $1.9 billion stake in the airline, criticized the current leadership for failing to adapt to evolving customer preferences, resulting in a significant decline in the airline's share price over the past three years. Jordan, however, emphasized that Southwest is investing in technology upgrades and improving customer experience, and he expressed confidence in the leadership team's forthcoming strategy.

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Network Effectively

Build and maintain strong professional relationships. Networking can open doors to new opportunities, partnerships, and insights that can benefit your business.