News Formal

Surfing, Schools and Jets: WeWork’s Bets Follow CEO Adam Neumann’s Passions

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Some WeWork investments outside its core business align with its CEO's personal interests, including an elementary school and a wave-pool maker

WeWork Cos. chief Adam Neumann, an avid surfer, took the company jet to Hawaii over the December holidays and hit the waves with a surfing legend he admires, Laird Hamilton.

Mr. Neumann’s office-space giant had weeks earlier struck a deal with Mr. Hamilton, and announced in January that it led a $32 million investment in the pro surfer’s natural-foods business, Laird Superfood.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Loss making piggy bank...

Not a whole lot of pre-IPO Founder CEOs can get away with the volume of pet projects that this guy pulls.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ted Baker founder and CEO Kelvin quits after misconduct allegationsRay Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday amid misconduct allegations related to his hugging of business colleagues. Hi
Source: CNBC - 🏆 12. / 72 Read more »