WeWork co-founder Adam Neumann’s payout is the most stunning part of the SoftBank deal, The Wall Street Journal reporter Maureen Farrell says. Here’s why.
Former WeWork CEO Adam Neumann will get about $1.7 billion in stock, cash and credit to walk away from the company and give up his voting rights.
SoftBank is in advanced talks to take control of WeWork, a decision that could come as soon as Tuesday.Adam Neumann, CEO of WeWork.Former WeWork CEO Adam Neumann will get up to $1.7 billion to walk away from the company and give up his voting rights,to people familiar with the matter. SoftBank will pay Neumann up to $970 million for his shares, a $185 million consulting fee and will offer him $500 million in credit to help repay his loans to J.P.
SoftBank is in advanced talks to take control of WeWork, a decision that could come as soon as Tuesday,
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