Business

SoftBank is planning on paying Adam Neumann $200 million to step aside if it takes over WeWork

1 month ago   |   By Business Insider

SoftBank would pay WeWork cofounder Adam Neuman $200 million as part of its proposed deal to take over the struggling real-estate company, a source told Business Insider.
As part of the deal, Neumann would give up his seat on WeWork's board and his voting shares, the source said.
Neumann would also agree to support SoftBank's bid, Axios' Dan Primack reported .
WeWork's board is expected to review competing bids from SoftBank and JPMorgan on Tuesday.
Read all of Business Insider's WeWork coverage here .
WeWork cofounder and chairman Adam Neumann would see around a $200 million windfall as...
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