Jamie Dimon Says WeWork Will Survive And That He’s Learned Some Tough Lessons From The Debacle

Jamie Dimon says that he has learned lessons from his bank’s advisory work for WeWork this year and that he believes the coworking company has a shot to avoid bankruptcy. “I think they’ll have a future life,” Dimon, CEO of J.P. Morgan Chase, said in an interview with CNBC’s Wilfred Frost from the bank’s offices in London. “We want them to do that,” Dimon said. “We don’t want them to lay off 14,000 people and have bankruptcy or something like that. There are a lot of lessons to be learned on the way by everybody involved, and I’ve learned a few myself.” Among the lessons are that companies should have “proper corporate governance” and an independent board before filing to go public, he said. Shareholders should be treated like partners, rather than figuring out how to extract the highest valuation, he said. Click to read more at www.cnbc.com.