Tolley, a former partner at private equity giant Blackstone, was parachuted in this year to plot a way through the deepest crisis in WeWork's dizzying 13-year history. The company, valued at $47 billion only four years ago, has been battered by the pandemic and the subsequent adoption of home working. Now, after drawing down the final $300 million (£240 million) from its lending facility, WeWork is valued at just $141 million.