IPO hopeful WeWork adds woman to board, CEO returns US$5.9m after backlash

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[NEW YORK] WeWork owner The We Company took some steps on Wednesday to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to its all-male board and announcing that its CEO would return a US$5.9 million payment for use of the trademarked word 'We'. Read more at The Business Times.

nz_wework_050933.jpg, by zahidahar

The moves follow investor criticism of We Company's IPO filing last month, which revealed extensive and unusual ties between the office space sharing startup and its controlling shareholder, CEO Adam Neumann, including him being a landlord to the company on some properties.

 

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