WeWork CEO Adam Neumann has incentives tied to the company's stock value and his charitable donations

WeWork CEO Adam Neumann controls a majority of the voting rights through the company's class B and C shares.

"As the company grew, our board of directors desired to provide a significant incentive to Adam to conduct an initial public offering, based on the premise that the company's value would be maximized as a public entity rather than remaining privately held,' the company's S-1 filing states. "By connecting these awards to service to the company and long-term value creation, our board believes we have set the foundation for long-term incentive alignment between Adam and our stockholders," the company said.

Neumann must also fulfill certain charity contribution requirements in order to maintain voting control of the company.

I'm pretty sure that guy is the lead singer of a local Styx cover band.

I think this is going to end bad!

Damn! I'd work for free for that man. CUTE!!!

The face of the top of the stock market...

Ireland Ireland Latest News, Ireland Ireland Headlines

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

WeWork IPO reveals company loaned millions to CEO Adam Neumann and other company execsWeWork loaned $7 million to CEO Adam Neumann in 2016, the company revealed in the IPO paperwork it made public on Wednesday. Here i believe thats what this says BI
Source: BusinessInsider - 🏆 729. / 51 Read more »

The life of Adam Neumann, the billionaire WeWork founder and CEO who's about to take his company publicHere's everything you need to know about the We Company CEO, who has five children and has purchased an estimated $80 million-worth of real estate. Who would be stupid enough to pay for this SCAM- called a PONZI SCHEME- and a bad one at that- will never ever make money EVER
Source: BusinessInsider - 🏆 729. / 51 Read more »

WeWork cofounders Adam and Rebekah Neumann have to donate $1 billion to charity in 10 years or lose some control of the companyThe pair's voting rights, which let them control the shared-workplace company, will almost halve if they don't hit their goal. Can't wait to learn about the scandal that comes from this. More like WeGoingOutofBusiness. With the current had a valuation of roughly US$47 billion he can surely afford this ;-)
Source: BusinessInsider - 🏆 729. / 51 Read more »