Comment on WeWork's chairman said Adam Neumann 'may have violated' the terms of his $185 million consulting contract with his former compan

WeWork's chairman said Adam Neumann 'may have violated' the terms of his $185 million consulting contract with his former compan

Adam Neumann resigned from WeWork in 2019 under pressure from SoftBank amid a string of controversies. Jackal Pan/Visual China Group/GettyImages Ousted WeWork co-founder Adam Neumann's $185 million consulting deal with his former company is no longer in place, executive chairman Marcelo Claure said during a Wall Street Journal event Monday. Claure told the audience that Neumann "may have violated some of the parts of the consulting agreement, so that's no longer in effect," according to The Journal. Claure, also a top executive and board member at SoftBank, didn't say which terms Neumann allegedly "may have violated" but added that he had initially been "incredibly helpful" to SoftBank as it took over the reins following Neumann's failed IPO attempt last year. Neumann stepped down as CEO in September 2019 amid a string of controversies surrounding his leadership of the company, and has since sued the Japanese bank for backing out of buying nearly $1 billion of his WeWork shares.

 

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