SoftBank wants WeWork’s Adam Neumann gone
Despite making some concessions to his executive power, sources say WeWork’s CEO
23 September 2019 - 18:01
Bengaluru/New York — Japan’s SoftBank, the biggest investor in WeWork owner the We Company, is exploring ways to replace Adam Neumann as CEO of the US office-sharing start-up, four people familiar with the matter said on Sunday.
The rare showdown between SoftBank and one of its biggest investments comes after the We Company postponed its initial public offering (IPO) last week, following pushback from perspective investors, not just over its widening losses, but also over Neumann’s unusually firm grip on the company...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.