According to a new WSJ report, certain members of WeWork’s seven-person board, which includes cofounder and CEO Adam Neumann, are planning to pressure Neumann to step down and instead become We’s non-executive chairman. The move, says the outlet, “would allow him to stay stay at the company he built into one of the country’s most valuable startups, but inject fresh leadership to pursue an IPO that would bring We the cash it needs to keep up its torrid growth.” The WSJ and Bloomberg are reporting that it is SoftBank specifically that wants Neumann to step down.

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BING NEWS:
  • Adam Neumann
    Growing up on a kibbutz in Israel, Adam Neumann was the only boy whose family ... 240,000 workers from businesses of all sizes to WeWork, the company he co-founded, in 21 countries.
    04/19/2018 - 2:07 am | View Link
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