The Trump playbook.

Turning billions into millions!

I’m getting paywalled but from the small blurb I’m reading that seems pretty fucked up. If you were a smart investor you wouldn’t give him the explicit green light but instead use it as a hedge the business fails so you can sue him for embezzlement

This is what really confuses me. If the business is successful, this bullshit will be small beans and his wealth in wework will make him incredibly wealthy. So there's no upside to doing this if the business succeeds.

If the business fails, not only will he have no wealth from the company, you know sure as shit someone will come after him for these shady practices, putting him in extra trouble.

It’s the corporate version of what many small individual real estate investors were doing in the lead up to 2008.

If you hold the master lease on a space with the intention of subletting, you are a landlord. We can even argue about whether, under a triple-net lease, the owner or the tenant has more skin in the game.

In common law, for historical reasons, leases are recursable.

That said, the basic mechanic has been the subject of substantial legislative tinkering in pretty much every common law jurisdiction in the world.