
WeWork is no more than an overhyped and overstretched landlord
Long ago in my investment banking days I had a glimpse into the mind of the British Airways long-haul pilot. Chatting to an attendant on a flight from London to Delhi, I let slip what I did for a living. ‘The captain would like a word,’ she whispered a few minutes later. Up in the cockpit I found the pilot and co-pilot, feet up as the plane flew itself towards the lightning-lit Himalayan horizon, deep in discussion of their portfolios. ‘Heard we had an expert on board. Which way’s this stock market going, then?’ Those flying fat cats must now be comfortably retired on the final-salary pensions BA no longer