News Around the Globe
By Feuer WeWork’s ousted CEO Adam Neumann might finally find the door with a renegotiated exit package. Neumann received a juiced-up stock award worth $245 million, on top of $200 …
Read More By Elisa An unlikely figure helped set the spark for SoftBank Group’s $9 billion deal to take WeWork public. Adam Neumann, WeWork’s co-founder and ousted chief executive, met in November …
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By Manskar WeWork has sold a majority stake in its China business to a private-equity firm in the troubled office-sharing startup’s latest effort to cut costs. The deal announced Thursday …
Read More By Vega WeWork’s tenants are lawyering up. Attorneys for cash-strapped clients of the office-subleasing startup are demanding that the company stop billing them for office space they can’t use because …
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By Vega SoftBank warned investors that it expects to report a massive loss this year, thanks in part to the coronavirus wreaking havoc on already-struggling investments like WeWork. The Japanese …
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By Mcenery Hedge fund activist Paul Singer has a new target in his crosshairs: the massive investment firm behind WeWork’s bungled stock debut. Singer’s Elliott Management said it’s amassed a …
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By Mcenery Boards packed with bros don’t get IPOs. That’s the new policy at Goldman Sachs, whose chief executive David Solomon said the Wall Street giant won’t take any company …
Read More By Manskar Adam Neumann’s replacements at WeWork could reportedly get their own golden parachutes worth almost $17 million if the troubled office-sharing company pushes them out. WeWork co-CEOs Artie Minson …
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By Thornton The biggest, most outrageous golden parachute in history could get even bigger. WeWork’s ex-chief executive Adam Neumann — whose $1.7 billion exit package in October sparked protests from …
Read More By Vega Adam Neumann has been kicked out of the billionaire’s club. Forbes has slashed the estimated net worth of WeWork’s long-haired cofounder to $600 million from $4.1 billion, following …
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