Business

WeWork CEO Adam Neumann's incentives tied to the company's stock value and his charitable donations

5 monthes ago   |   By CNBC

There are a number of terms tied to CEO Adam Neumann's controlling ownership of WeWork that are meant to help it meet specific financial goals.
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WeWork cofounders Adam and Rebekah Neumann have to donate $1 billion to charity in 10 years or lose some control of the company

WeWork cofounders Adam and Rebekah Neumann have to donate $1 billion to charity in 10 years or lose some control of the company

5 monthes ago   |   By Business Insider

The We Company's CEO Adam Neumann must donate at least $1 billion to charity in the next decade or his control over the shared-workspace group will be almost halved.
Adam and Rebekah Neumann - the company's chief brand and impact officer and his wife - must hit the giving target or their "high-vote" shares will halve in power from 20 voting rights to 10.
Adam holds the vast majority of voting rights due to the company's share structure, but he won't want to see his influence shrink.
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Jennifer Aniston clapped when Brad Pitt joked about 'not getting on with his...

Jennifer Aniston clapped when Brad Pitt joked about 'not getting on with his wife' at the SAG Awards

Brad Pitt made a joke about how he "didn't get on with his wife" during his SAG Awards acceptance speech, and Jennifer Aniston's reaction was priceless. 56-year-old Pitt picked... Read more ...

Patients Still Struggle To Balance High Costs Of MS Treatment, Despite Generic

Patients Still Struggle To Balance High Costs Of MS Treatment, Despite Generic

Drugs to treat multiple sclerosis can run $70,000 a year or more. Patients hoped competition from a generic version of one of the most popular brands would spur relief, but... Read more ...

The world's 2,153 billionaires are richer than 4.6 billion people combined...

The world's 2,153 billionaires are richer than 4.6 billion people combined, Oxfam says

The world's 2,153 billionaires have more wealth than 4.6 billion people combined, Oxfam's latest report on inequality found. The richest 1% are more than twice as wealthy as... Read more ...

Phoebe Waller-Bridge thanked her makeup artist for drawing abs on her as she...

Phoebe Waller-Bridge thanked her makeup artist for drawing abs on her as she wore a sheer ensemble to the SAG Awards

Phoebe Waller-Bridge thanked her makeup artist for drawing a six-pack on her during her SAG Award acceptance speech. The "Fleabag" star won Most Oustanding Actress by a Female... Read more ...

Just as Australia's deadly fires begin to subside, it's being hit with more...

Just as Australia's deadly fires begin to subside, it's being hit with more apocalyptic weather. Videos show enormous dust storms and golf-ball-sized hail battering cars and buildings

Heavy storms hit southeastern Australia on Sunday and Monday local time. The rainfall helped relieve some of the areas affected by bushfires, according to the BBC , but the... Read more ...

The star of the 49ers' dominant win over the Packers nearly became a pro...

The star of the 49ers' dominant win over the Packers nearly became a pro surfer and was cut 6 times in the NFL before breaking out

San Francisco 49ers running back Raheem Mostert dominated the Green Bay Packers in the NFC Championship with 220 yards and 4 touchdowns. Mostert has had a wild journey to this... Read more ...

Prince Harry says he feels 'great sadness' about stepping down from his...

Prince Harry says he feels 'great sadness' about stepping down from his royal duties

The Duke of Sussex on Sunday delivered his first public remarks on his decision to step away from royal duties. On Saturday, Buckingham Palace announced that Harry and wife... Read more ...

Virginia wants to prevent another 'Unite the Right' at an MLK Day gun rally...

Virginia wants to prevent another 'Unite the Right' at an MLK Day gun rally that set off a state of emergency

An annual gun-rights rally is expected to take place Monday morning in Richmond, Virginia, on MLK Day. There are growing fears about the potential of violence at the event... Read more ...

'I'm super fired up': Elon Musk and NASA are ecstatic after acing a 'risky'...

'I'm super fired up': Elon Musk and NASA are ecstatic after acing a 'risky' safety test of SpaceX's new Crew Dragon spaceship for astronauts

SpaceX just completed a "risky" and explosive test that was designed to show its Crew Dragon capsule can whisk astronauts to safety in the event of a rocket failure. The... Read more ...

Dana White: Khabib Nurmagomedov has Conor McGregor-type money, worth $50 million

Dana White: Khabib Nurmagomedov has Conor McGregor-type money, worth $50 million

LAS VEGAS - Conor McGregor 's wealth and material success were on full promotional display heading into UFC 246 - but he's not the only rich superstar on the promotion's... Read more ...