In August, coworking company WeWork publicly filed its IPO paperwork. It was last privately valued at $47 billion. Since then, WeWork has had an exceptionally bad few months, as potential investors got their first look at WeWork's financials and people began to dig into the past behavior and business dealings of the company's CEO, Adam Neumann. In September, The Wall Street Journal reported that Neumann would be stepping down as CEO, but remain as chairman.
In August, coworking company WeWork publicly filed its IPO paperwork. It was last privately valued at $47 billion. Since then, WeWork has had an exceptionally bad few months, as potential investors got their first look at WeWork's financials and people began to dig into the past behavior and business dealings of the company's CEO, Adam Neumann. In September, The Wall Street Journal reported that Neumann would be stepping down as CEO, but remain as chairman.
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SoftBank takes control of WeWork in bailout deal; Neumann out - Business InsiderThe Japanese investor will give Adam Neumann $1.7 billion. He'll get a $185 million consulting fee and will step down from the board. GoldenParachutes...
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