Business > Co-working

Some WeWork Board Members Plan to Push Out CEO Adam Neumann After IPO Delay

29 days ago   |   By Time

Some WeWork directors are planning to push Adam Neumann to step down as chief executive after the startup delayed its much-anticipated initial public offering, according to a person familiar with the matter.
Officials tied to SoftBank Group Corp., the company's largest investor, want Neumann to step down as CEO of We Co., WeWork's parent company, said the person, who asked not to be identified because discussions are ongoing.
A representative for WeWork declined to comment. Representatives from SoftBank didn't immediately respond for requests seeking comment.
The Wall Street Journal first...
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WeWork board members are talking about ousting CEO Adam Neumann amid IPO turmoil

WeWork board members are talking about ousting CEO Adam Neumann amid IPO turmoil

29 days ago   |   By Business Insider

Some board members at coworking startup WeWork aim to push out CEO Adam Neumann, according to a report from the Wall Street Journal.
The board could meet this week and might discuss Neumann becoming WeWork's nonexecutive chairman, the Journal reported .
According to the report, it was unclear how all of the company's seven directors - a list that includes Adam Neumann himself - have sided.
Among the individuals who want Neumann out are officials linked to large WeWork backer SoftBank, the Journal reported. SoftBank chairman and CEO Masayoshi Son is in favor of ousting Neumann as CEO, CNBC...
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Bloc of WeWork board members planning to try to remove Neumann as CEO: WSJ

29 days ago   |   By Reuters

Some WeWork board members, including officials tied to SoftBank Group Corp , are planning to try to push Adam Neumann to step down as chief executive, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
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