WeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own Companies

  • 📰 Forbes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

From Steve Jobs to Sean Parker, meet the ultra-wealthy members of the banished billionaires club:

. Parker’s first exiling came at Napster, shortly before the lawsuit brought by the music industry shuttered it in 2001. Then from Plaxo, the online address book startup he helped found, in 2004. One Plaxo cofounder remembers Parker’s: “It was the sort of thing where he doesn’t come to work, but then maybe if he does it’s at 11 p.m., but it’s not to do a bunch of work, it’s because he’s bringing a bunch of girls back to the office because he can show them he’s a startup founder.

And the most infamous, Facebook. In a little more than 12 months, he discovered Facebook, befriended Mark Zuckerberg, helped secure its initial funding, became its first president and then—poof!—resigned from the startup after North Carolina cops found cocaine in a beach house rented under his name. He moved to New York, where he found solace by crashing with Grateful Dead“When someone asks you to take an extended vacation, that’s basically a pre­lude to firing you.

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:

 /  🏆 394. in US
 

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

United States United States Latest News, United States United States Headlines

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

Here’s Everything WeWork is Selling to Save its Business Post-NeumannWeWork is cutting costs in a bid to restore investor confidence.
Source: Forbes - 🏆 394. / 53 Read more »