WeWork CEO to be Paid $1.7 Billion to Go Away

Noam Galai/Getty Images/TechCrunch

Former WeWork CEO Adam Neumann, who resigned from his position before he could be ousted, will be paid $1.7 billion to leave the board.

As part of Japanese company SoftBank’s takeover of the company, Neumann will, according to the Wall Street Journal, receive approximately $1.7 billion as part of the takeover deal in which he will resign from the company board.

Under the deal, Neumann would also reportedly “give up his voting shares,” and he is “expected to sell $1 billion worth of stock to SoftBank and receive a $185 million
Read more…

Please follow and like us:
error