When WeWork co-founder Adam Neumann stepped down as CEO last September amid a string of controversies, he landed a massive exit package from WeWork investor SoftBank, which took over the embattled company, that included a $185 million consulting deal.
But Neumann may have invalidated that contract after he "may have violated" its terms, WeWork executive chairman Marcelo Claure suggested Monday during a virtual event hosted by"I don't think that consulting agreement is still in force," Claure said, according to The Wall Street Journal, adding: "I think Adam may have violated some of the parts of the consulting agreement, so that's no longer in effect.
Claure, who is also the COO, executive vice president, and a board director at SoftBank, didn't say which terms Neumann allegedly breached because it relates to an ongoing lawsuit over Neumann's exit package, but added that the former WeWork CEO and chairman had been "incredibly helpful" when SoftBank stepped in to rescue WeWork, The Wall Street Journal reported.
WeWork, SoftBank, and a spokesperson for Neumann did not respond to requests for comment on this story.
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