WeWork owner The We Company's executives, investors and advisers are discus...
- WeWork owner The We Company’s executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday.
An announcement on the corporate governance could come as soon as Friday, the source said, cautioning that the plans are still subject to change and that no final decision has been made. Revising Neumann’s supervoting rights, which give him 20 times the voting power of ordinary shareholders, was among the changes being discussed, the source said.
We Company co-founder Rebekah Neumann, Adam Neumann’s wife who is the company’s chief brand and impact officer, will pick his successor if he dies or is permanently disabled in the 10 years following the IPO, alongside two company board members. She will get to pick those board members if two people currently on the board, Bruce Dunlevie and Steven Langman, step down.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WeWork considering curbing Neumann's voting power to save IPO: FTWeWork owner The We Company's executives, investors and advisers are discus...
Leer más »
WeWork considers governance changes to save IPOLead financial advisors JPMorgan Chase & Co. and Goldman Sachs Group Inc. have concerns, leading to a push to make the public sale more palatable.
Leer más »
WeWork wants to strip away power held by Adam and Rebekah Neumann, the husband and wife cofounders, to get its IPO back on trackNeumann dominates WeWork, thanks in part to his special stock, which gives him 20 votes per share. WeWork is reportedly thinking about slashing that.
Leer más »
Private wealth execs at JPMorgan and UBS told us they're lending more against private shares. WeWork CEO Adam Neumann has borrowed from both.Banks are building out lending to ultra-rich individuals, some of whom include Silicon Valley execs with a lot of wealth tied up in private shares.
Leer más »
Column: WeWork carries Silicon Valley's 'unicorn' craze to its absurd limits'For all you killjoys and Cassandras looking for the apocalyptic end to Silicon Valley’s 'unicorn' craze, WeWork is beginning to look like a godsend.' From columnist hiltzikm:
Leer más »
The WeWork IPO is full speed ahead with roadshow to kick off as soon as Monday, sources sayWeWork’s IPO roadshow could kick off as soon as Monday, sources say, despite reported pushback from its largest investor.
Leer más »