Adam Neumann
SoftBank to Take Control of WeWork
SoftBank Group Corp. won approval from WeWork’s board to take control of the troubled co-working startup, in a deal that would hand co-founder Adam Neumann nearly $1.7 billion and sever most of his ties with the company. WeWork, in danger of running out of cash in the coming weeks, chose a rescue offer from SoftBank …
WeWork CEO Adam Neumann Expected to Step Down
WeWork co-founder and Chief Executive Adam Neumann is expected to step down after the company’s much-anticipated initial public offering was derailed, capping a remarkably swift fall from grace for the leader of one of the country’s most valuable startups. Mr. Neumann and the company’s advisers have agreed that the best path forward for the office-sharing …
WeWork’s board meets today to discuss pushing out Adam Neumann, and his alleged ‘self-dealing’ and marijuana use
Getty Images WeWork’s biggest backer, several other investors, and some board members are reportedly plotting to remove cofounder Adam Neumann as CEO. A meeting on this issue, originally planned for later this week, is now planned for Monday, according to The Information. The uprising comes after the shared-workspace provider postponed its IPO amid concerns about …
