Business

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

8 days 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

8 days 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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The DOJ sent immigration court employees a link to a racist and anti-Semitic...

The DOJ sent immigration court employees a link to a racist and anti-Semitic blog post attacking immigration judges

The Justice Department sent immigration court employees an email linking out to an article attacking immigration judges using deeply offensive and anti-Semitic slurs, BuzzFeed... Read more ...

Conor McGregor says he thinks he will fight again this year and that he...

Conor McGregor says he thinks he will fight again this year and that he wants a rematch with Khabib Nurmagomedov

Conor McGregor told ESPN that he believes he will fight again this year. McGregor said he wants a rematch against Khabib Nurmagomedov, saying that he learned from their first... Read more ...

The CEO of HP is stepping down 'due to a family health matter,' and will be...

The CEO of HP is stepping down 'due to a family health matter,' and will be replaced by an exec who started at the company as an intern

HP CEO and President Dion Weisler is stepping down "due to a family health matter" and will be returning to his home in Australia, the company announced. He will be replaced by... Read more ...

VMware slides after agreeing to buy Carbon Black and Pivotal for a total of...

VMware slides after agreeing to buy Carbon Black and Pivotal for a total of $4.8 billion

Software company VMware agreed to acquire Carbon Black and Pivotal for a total value of $4.8 billion. Shares of VMware slipped 4% in aftermarket trading, while Pivotal gained... Read more ...

Stocks finish mixed as traders weigh weak economic data ahead of Fed speech

Stocks finish mixed as traders weigh weak economic data ahead of Fed speech

Stocks finished mixed on Wednesday as investors weighed weak manufacturing data and another yield-curve inversion. The developments came ahead of Federal Reserve Chairman... Read more ...

Salesforce's stock is up 7% after beating Wall Street's expectations

Salesforce's stock is up 7% after beating Wall Street's expectations

Visit Business Insider's homepage for more stories . Salesforce's stock popped 7% in after market trading Thursday after the cloud software company topped Wall Street... Read more ...

Proud Boys Leader Admits Their Rallies Are For Fighting And Wasting Money

Proud Boys Leader Admits Their Rallies Are For Fighting And Wasting Money

The group brawls with antifa under the guise of free speech. But video exposes its true intentions: violence and wasting public resources. Read more ...

Miley Cyrus says she never cheated on Liam Hemsworth after news he filed for...

Miley Cyrus says she never cheated on Liam Hemsworth after news he filed for divorce: 'There are NO secrets to uncover here'

Miley Cyrus posted a series of intimate details about her life and relationship with Liam Hemsworth in a long Twitter thread on Thursday. Cyrus denied that she ever cheated on... Read more ...

Hearthstone nerfs Dr. Boom, Conjurer's Calling, Luna's Pocket Galaxy, Extra...

Hearthstone nerfs Dr. Boom, Conjurer's Calling, Luna's Pocket Galaxy, Extra Arms. and Barnes

Hearthstone is nerfing 5 cards: Conjurer's Conjuring, Luna's Pocket Galaxy, Dr. Boom: Mad Genius, Extra Arms, and Barnes. Read more ...

Black women in the US have to work an extra 233 days to earn what a white...

Black women in the US have to work an extra 233 days to earn what a white man earns in a year. This calendar shows the visceral way the gender pay gap affects all races

By one measure, August 22, 2019, is "equal pay day" for black women in the US. That is, Thursday marks the day when the typical black female worker would have earned as much in... Read more ...